DJ Linedata Services: Q1 2023 revenue: EUR41.7 million (+2.9%)
Linedata Services Linedata Services: Q1 2023 revenue: EUR41.7 million (+2.9%) 24-Apr-2023 / 17:45 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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Q1 2023 revenue: EUR41.7 million (+2.9%)
Q1 2022 Q1 2023* Change Change at constant exchange rates ASSET MANAGEMENT 27.3 29.1 +6.3% +4.7% LENDING & LEASING 12.8 12.6 -0.8% -0.9% TOTAL LINEDATA 40.1 41.7 +4.0% +2.9% (*) These figures do not include Audaxys.
Neuilly-sur-Seine, 24 April 2023 - Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, generated revenue of EUR41.7 million in the first quarter of 2023, growing by 4.0% compared to the first quarter of 2022. Adjusted for exchange rate movements, organic growth was 2.9%, confirming an upward trend of +1.3 percentage points compared with organic growth in the first quarter of 2022.
Recurring revenue also increased by 3% in reported terms and 2% in organic terms. It represented 79% of total revenue.
Sales activity remained dynamic with an order intake of EUR20.1 million, that is an increase of 8.9% compared to Q1 2022, driven by both business segments.
Performance by segment:
ASSET MANAGEMENT (Q1: EUR29.1 million, +6.3%)
In Q1 2023, Asset Management continued its growth trajectory, posting an increase of 6.3% in reported terms.
The Software business achieved almost stable revenue of EUR21.2 million. Revenue for Front Office solutions was up 7.9%, driven by continued migrations to new platforms.
The Services division maintained its robust momentum, delivering strong quarterly revenue growth of 32.0%. This steady upward trend over the last two years is underpinned by the innovation behind Linedata's co-sourcing solution for fund managers.
LENDING & LEASING (Q1: EUR12.6 million, -0.8%)
Revenue for the first quarter of 2023 stood at EUR12.6 million, almost stable compared to the same period in 2022. Sales activity was solid in North America where revenue increased by 4.9%.
Outlook
For the coming months and with continuing uncertainties affecting the economic outlook, Linedata is pursuing its objective to maintain organic growth.
Next communication: H1 2023 revenue on 24 July 2023 after trading.
ABOUT LINEDATA
With 25 years' experience and 700+ clients in 50 countries, Linedata's 1100 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 172.7 million in 2022 and is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP.
www.linedata.com
Linedata Cap Value
Finance Department Financial communication
+33 1 73 43 70 28 +33 1 80 81 50 00
infofinances@linedata.com info@capvalue.fr
www.capvalue.fr
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Regulatory filing PDF file File: pdf
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Language: English
Company: Linedata Services
27 rue d'Orléans
92 200 Neuilly-sur-Seine
France
Internet: www.linedata.com
ISIN: FR0004156297
Euronext Ticker: LIN
AMF Category: Inside information / News release on accounts, results
EQS News ID: 1615461
End of Announcement EQS News Service
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1615461 24-Apr-2023 CET/CEST
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April 24, 2023 11:45 ET (15:45 GMT)
