SoftwareOne Delivers Solid H1 2024 Results Amid Economic Uncertainty

SoftwareOne Holding AG reported robust financial performance for H1 2024. The company achieved a 7.0% year-on-year (YoY) revenue growth in constant currency, amounting to CHF 529.9 million, reflecting a 4.6% increase in reported currency. Adjusted EBITDA rose by 11.3% YoY to CHF 121.9 million, with a margin improvement of 1.0 percentage points to 23.0%.

Key initiatives of SoftwareOne's Vision 2026 are on track, aimed at strategic growth and margin expansion. The company successfully implemented a new GTM model in key markets, including DACH and NORAM, enhancing sales productivity. Additionally, Copilot 365 user base expanded to over 600,000 by the end of June 2024, with 240 new service engagements in Q2 2024.

The Board of Directors of SoftwareOne acknowledged receiving interest for a potential going-private transaction, with discussions progressing. Due to macroeconomic uncertainties, the company revised its full-year revenue growth guidance to 7-9% from the previous 8-10%, while maintaining its adjusted EBITDA margin target of 24.5-25.5%.