Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Kevin Godbold | Tuesday, 26th May, 2020 | More on: GRG Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address It’s no surprise to see the Greggs (LSE: GRG) share price moving higher today. Yesterday, the UK government announced further significant lifting of lockdown arrangements. In June, non-essential retailers will be allowed to throw open their doors once more if they adopt Covid-safe practices, such as physical-distancing.It seems just a matter of time before we’ll be able to load up again with the bakery and food-to-go retailer’s sticky treats and caffeine fixes!5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Still closed for the time beingBut the government hasn’t mentioned restaurants and cafes. All of Greggs’ more than 2,050 shops have been closed since 24 March when the UK imposed its coronavirus lockdown. The government has allowed takeaway outlets to open. But so far, Greggs has chosen not to participate.Chief executive Roger Whiteside left a note on the company’s website explaining that the firm is working hard to get up and running again. Initial trials behind closed doors aim to test “a number” of new operational safety measures that will enable social distancing. Greggs is looking at the possibility of using “a number of channels”, such as delivery via Just Eat, Click & Collect and walk-in customers. At 1,797p, the share price is still almost 30% down from its peak in February. But City analysts have pencilled in a robust recovery in profits for 2021. And that feels about right to me. I can’t imagine the stores remaining closed into next year. And there must be pent-up demand for the company’s products.A compelling growth storyAside from the coronavirus crisis and the temporary bolting of the firm’s doors, it’s worth reflecting on the stock’s attractions. I pointed out in an article at the beginning of March that “the story behind Greggs is one of robust expansion driving prodigious cash flow and escalating shareholder dividends.”To me, the share would be a great addition to a long-term-focused retirement portfolio. And I’d be keen to buy while the share price remains depressed because of the temporary hiatus in revenues caused by the crisis. I think with recent government announcements, we have something of a road map back to a more normal lifestyle. And to me, Greggs looks capable of being a big part of that for many people.We can get some idea of how well things may proceed for Greggs when it starts trading again by looking at the competition. For example, KFC has reopened some of its drive-throughs and cars are queuing around the block. Chip shops and other takeaways opened recently and their queues have been enormous – exaggerated by the 2-metre social-distancing rules.My guess is that the demand for Greggs’ offering will be equally robust. And looking back 10 years from now, we may be glad we took the opportunity to pick up a few of the firm’s shares while the outlook remained uncertain. The Greggs share price is moving. Here’s why I’d buy I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Kevin Godbold
54.7 2019 Americas 33.2 99.1 Twitter -4.4 Cost of sales PARIS–(BUSINESS WIRE)–Feb 24, 2021– Regulatory News: Axway Software’s (Paris:AXW) Board of Directors, chaired by Pierre Pasquier, today conducted an in-depth review of the consolidated and annual financial statements 1 for the year ended December 31, 2020. The Board of Directors was pleased with Axway’s success in transforming its business model despite the difficult macroeconomic context. Axway announces the following results for 2020: 3.6 1.6 2020 * Alternative performance measures are defined in the glossary at the end of this document (€m) Revenue -0.6 17.6 Operating expenses 295.8 12.9 of which Research and development 21.1 Other non-current liabilities 41.8 Axway Software : Consolidated Income Statement 25.5 -4.2 30.8 2020 – Americas 29.2 Profit from Recurring Operations % Rev. 5.9% 70.5% Axway Software 72.8 Change in lease liabilities 42.7 Pinterest 283.8 69.2 + 0.5% 3.5 – 51.2% 178.8 -5.1 17.3 36.0 Current liabilities Income tax paid net of accrual 17.3 Axway Software: Revenue by business line – 6.6% 2019 -0.9 + 63.2%+ 65.8% Maintenance 33.9 8.6% Cost of net financial debt Subscription 97.3 12.1 297.2 Asia/Pacific 5.2 2020 -3.6 Net profit for the period + 2.2%+ 5.2% 8.5 + 8.2%+ 8.2% By Digital AIM Web Support – April 6, 2021 Axway Software: Changes in exchange rates – 19.6% + 2.5%+ 0.1% Asia/Pacific 4.1 – 0.9% 0.40 France 23.0 88.4 License revenue was €25.8 million in 2020 (9% of total revenue), an organic decrease of 50.6%. As anticipated and communicated in previous announcements, the License activity remained under strong pressure throughout 2020. While for more than 24-months the market trend has been very favourable for subscription models, the COVID-19 pandemic and the extremely limited visibility that has resulted from it have accelerated the adoption of the most flexible contractualization models by customers. For the second consecutive year, Subscription activity was buoyant. Revenue grew organically by 65.8% in 2020, reaching €97.3 million. Total growth was 63.2%. Now accounting for one-third of company revenue, Subscription has, as expected, been Axway’s primary source of growth over the period. Despite the challenging market environment, Axway’s large and robust customer base has relied heavily on the agility of the company’s solutions to continue accelerating their digital transformation. Over 2020, the Annual Contract Value (ACV) of new subscription contracts signed was €31.9 million, an increase of 79.7% compared to the previous year. While Axway enjoys its position as a leader in the full lifecycle API management market, the company has made its Amplify API offering the preferred route to benefit from hybrid integration. This trend was notably materialized by the signature of two major Amplify’s API contracts, worth several million euros each, by existing customers. During the year, the Signature Metric 2 was up 15.2%, while the Net Signature Metric, restated for Maintenance attrition, grew 10.2%. Maintenance revenue was €138.2 million in 2020, representing 46% of total revenue. The organic decrease was limited to 4.5% year-on-year. During the year, the acceleration in the adoption of the most flexible contractual models by customers led to a migration of the value of certain Maintenance activities to the Subscription revenue line. Axway’s recurring revenue, which includes Subscription and Maintenance activities, represented 79% of total revenue, or €235.5 million. This includes €44.3m of upfront revenues recognized on the signature of subscription contracts. Services saw revenue decline by 10.6% organically in 2020 to €36.0 million (12% of total revenue). Directly impacted by travel restrictions caused by the COVID-19 crisis in certain regions where services are provided on-site at clients’ facilities, the activity grew slightly in the US where remote services are common practice. 297.2 (€m) 30.3 Non-current assets – 1.8% 25.8 US Dollar 1.142 0.25 Net cash used in investing activities 67.3 2 nd Quarter 2020 (€m)Q2 2020Q2 2019Restated*Q2 2019ReportedTotalGrowthOrganicGrowth Sub-total License, Subscription & Maintenance Americas 125.3 1 Audit procedures have been carried out on the financial statements. The Statutory Auditors’ report is in the process of being issued. 2 See Glossary – Alternative Performance Measures View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005781/en/ CONTACT: Investor Relations: Arthur Carli – +33 (0)1 47 17 24 65 –[email protected] Press Relations: Sylvie Podetti – +33 (0)1 47 17 22 40 –[email protected] KEYWORD: FRANCE EUROPE INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT OTHER PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY MOBILE/WIRELESS SOFTWARE SOURCE: Axway Software Copyright Business Wire 2021. PUB: 02/24/2021 11:45 AM/DISC: 02/24/2021 11:45 AM http://www.businesswire.com/news/home/20210224005781/en 129.8 – 16.8% Axway Software: Revenue by geographic area 126.2 + 75.7%+ 73.7% 11.0 – 2.3% 13.6 -3.6 71.7 -0.9 – 1.0% + 0.5% -8.1 – 0.9% 12.9 Axway Software: Revenue by business line 126.2 – 5.0% 10.4% France generated revenue of €93.5 million over the year (32% of total revenue), representing organic growth of 8.2%. The sharp decline in license sales was largely offset by the exponential growth in the country’s Subscription business, which grew by more than 264% in 2020. This excellent performance was made possible by the signature of five subscription contracts with a value of over one million euros each over the year. Rest of Europe, with revenue of €62.3 million (21% of total revenue), declined 7.1% organically in 2020. In all countries in the region, the very good momentum in Subscription activity (+75.8%) was not enough to stabilize revenue for the year. Axway has been impacted by the paralysis of several key sectors of the economy where large clients are major players. On the positive side, in 2020, the company regained position in the United Kingdom with the establishment of a new team that has been instrumental in several key wins against direct competitors on the API market. The Americas (USA & Latin America) generated revenue of €125.3 million (42% of total revenue) in 2020, almost stable organically (-0.7%) compared to the previous year. Although license sales were down in the region over the year, they were more resilient than in the rest of the world. As in the other geographic areas, Subscription was the fastest growing activity over the year. In Asia/Pacific, Axway posted yearly revenue of €16.1 million (5% of total revenue), representing organic growth of 0.3%. Despite significant disparities in the level of activity over the different quarters, sales finally improved slightly over the year. Comments on 2020 net profit Profit from recurring operations as well as Operating profit reached €17.6 million in 2020, 5.9% of revenue, including allocated intangible asset amortization expense of €8.2 million and non-cash stock expense of €5.1 million. Income tax expense for the year totalled €5.1 million, an effective tax rate of 37.5%. Axway’s net profit amounted to €8.5 million for the year, or 2.9% of revenue, an increase of 57% compared to 2019. Finally, basic earnings per share was €0.40 in 2020 compared to €0.25 a year earlier. Financial position at December 31, 2020 At December 31, 2020, Axway had a solid financial position, with cash of €16.2 million and bank debt of €40.2 million. Free cash flow was stable over the year and amounted to €-0.7 million in 2020 compared to €0.6 million in 2019. At December 31, 2020, shareholders’ equity amounted to €355.5 million compared to €362.6 million a year earlier. As a reminder, at the beginning of 2019, Axway renegotiated its bank lines until 2026, thereby securing financing of up to €125.0 million. Change in the workforce At December 31, 2020, Axway had 1,888 employees, a stable headcount compared to the previous year. Proposed dividend for financial year 2020 At its upcoming Annual General Meeting scheduled for May 25, 2021, Axway will ask shareholders to approve the distribution of a dividend with a value of €0.40 per share. 2021 Targets & Outlook For 2021, Axway’s objective is to achieve organic growth of its revenue of between 2 and 4%. The company also aims to improve its profitability and has a target of achieving an operating margin on business activity rate between 11 and 13% of revenues in 2021. Axway confirms its previously announced mid-term ambitions: → to achieve revenue of €500 million through organic growth in sales and acquisitions → to return to operating margin on business activity rates above 15% and gradually move towards 20% → to sustainably increase earnings per share to above €1 The company will detail its 2021-2023 strategic plan on its first Capital Market Meeting, scheduled to take place by the end of the first half of 2021. Today, Wednesday, February 24, 2021, 6.30 p.m. (UTC+1): 2020 Full-Year Results Virtual Analyst Conference. → Webcast registration: Click here Or join by phone by dialing one of the numbers below and announcing “Axway” at the operator’s request: – International standard: +44 (0) 33 0551 0200 / France : +33 (0) 1 7037 7166 / USA : +1 212 999 6659 Please note that the meeting will be held in English. Financial Calendar Wednesday, February 24, 2021, 6.30 p.m. (UTC+1): 2020 Full-Year Results Virtual Analyst Conference Thursday, March 18, 2021: 2020 Universal Registration Document AMF Filing and Publication Wednesday, April 21, 2021, after close of trading: Publication of Q1 2021 Revenue Tuesday, May 25, 2021: 2021 Annual General Meeting Tuesday, July 27, 2021, after close of trading: Publication of 2021 Half-Year Results Tuesday, July 27, 2021, 6.30 p.m. (UTC+1): 2021 Half-Year Results Virtual Analyst Conference Glossary – Alternative Performance Measures Restated revenue: Revenue for the prior year, adjusted for the consolidation scope and exchange rates of the current year. Organic growth: Growth in revenue between the period under review and the prior period, restated for consolidation scope and exchange rate impacts. Growth at constant exchange rates: Growth in revenue between the period under review and the prior period restated for exchange rate impacts. ACV: Annual Contract Value – Annual contract value of a subscription agreement. TCV: Total Contract Value – Full contracted value of a subscription agreement over the contract term. Signature metric: Amount of License sales plus three times the annual contract value (3xACV) of new subscription contracts signed over a given period. Net Signature metric: Signature metric net of the Maintenance attrition by migration to new subscription contracts Profit on operating activities: Profit from recurring operations adjusted for the non-cash share-based payment expense, as well as the amortization of allocated intangible assets. Disclaimer This press release contains forward-looking statements that may be subject to various risks and uncertainties concerning the Axway’s growth and profitability, notably in the event of future acquisitions. Axway highlights that signatures of license contracts, which often represent investments for customers, are more significant in the second half of the year and may therefore have a more or less favourable impact on full-year performance. In addition, Axway notes that potential acquisition(s) could also impact this financial data. Furthermore, activity during the year and/or actual results may differ from those described in this document as a result of a number of risks and uncertainties set out in the 2019 Universal registration document filed with the French Financial Markets Authority ( Autorité des Marchés Financiers, AMF) on April 14, 2020 under number D.20-0289. The distribution of this document in certain countries may be subject to prevailing laws and regulations. Natural persons present in these countries and in which this document is disseminated, published, or distributed, should obtain information about such restrictions, and comply with them. About Axway Axway (Euronext: AXW.PA) empowers customers to succeed using hybrid integration to connect people, systems, businesses, and digital ecosystems. Axway’s hybrid integration platform, Amplify, helps enterprise power users, IT specialists, developers, and partners accelerate digital transformation, create captivating experiences, and innovate new services. Amplify speeds integrations by combining traditional integration patterns with API Management and Application Integration (providing over 150 prebuilt connectors). Over 11,000 organizations in 100 countries rely on Axway for their data integration challenges. To learn more, visit www.investors.axway.com/en Appendices (1/5) – 5.5% 5.4 33.2 Other financial revenues and expenses Rest of Europe 13.5 36.5 15.4 – 2.1% 31/12/2018 259.1 2.6 10.4% – 14.6% Changes in scope License 7.0 9.9 -7.7 32.0 -0.3 + 65.4%+ 71.4% – 2.6% (% Rev) 12.7 146.7 Facebook – 0.9% 67.0 12.3 4.8% 11.4 13.7 -1.6 – 3.5% Closing cash position 39.4 553.8 97.3 1.8% Full-year 2020 (€m) 58.1 Cash and cash equivalents 568.8 69.2 11.1 18.3 32.8 Change in operating working capital requirements (incl. employee benefits liability) – 25.7% 320.3 Rest of Europe 14.2 Facebook 191.1 + 63.5%+ 69.7% Key income statement items* 295.8 Total Equity 71.2 Intangible assets 12.5 9.2 Axway Software: 2020 Full-year results (€m) Axway Software: Impact on revenue of changes in scope and exchange rates 146.7 – 0.9% WhatsApp – 6.8% 17.6 31.9 19.2 29.7 2020 Services 8.8 137.9 Total Equity and Liabilities Revenue at constant exchange rates 6.8 Full-year 2020 7.9% 312.8 €m 355.5 Subscription 21.5 40.2 Full-year 2020 29.3 568.8 Other current liabilities 11.1 + 0.5% 295.8 Appendices (2/5) 4 th Quarter 2020 (€m)Q4 2020Q4 2019Restated*Q4 2019ReportedTotalGrowthOrganicGrowth + 0.9%+ 0.7% 16.5 87.2 – 6.7% 20.5 Maintenance 33.6 Axway Software 64.4 70.3% 3.7 13.7 – 18.1% Services 8.9 3.9% Americas 30.1 -23.2 442.7 21.0 2 nd Quarter 2020 (€m)Q2 2020Q2 2019Restated*Q2 2019ReportedTotalGrowthOrganicGrowth France 93.5 14.3 -2.7 Lease liabilities – short-term portion -1.1 Deferred Revenues Total growth of which License and Maintenance 300.0 130.6 Other current assets 35.8 44.2 – 10.2% 559.3 36.3 5.6 – 50.6% – 7.2% -8.2 – 2.0% – 7.1% + 0.3% 59.6 4.413 3.8 3.9 + 2.6%+ 4.3% 52.8 87.6 71.5 Trade receivables 17.6 4.8% Subscription 38.1 – 27.3% + 10.8%+ 10.8% Local NewsBusiness 15.2 350.0 – -6.8 17.6 -3.0 35.8 19.6 Average rate2019 – 4.2 – 3.6% + 34.3%+ 39.3% 330.3 -4.9 Brazilian Real 5.894 167.8 Axway Software 87.9 33.9 15.2 71.2 56.5 5.9% 4.9% Services -1.4 + 0.9%+ 0.7% Opening cash position 27.3 31/12/2019 70.5% – 3.2% 38.3 5.0 4 th Quarter 2020 (€m)Q4 2020Q4 2019Restated*Q4 2019ReportedTotalGrowthOrganicGrowth – 21.0% 36.0 Other flows Net interest paid 22.9 1.2 Services 9.3 20.3 16.2 0.0 – 57.4% – 4.0% 1.6 0.52 % Rev. 13.4 14.3 Axway Software 72.2 4.4 Appendices (5/5) 22.5 -0.7 92.9 + 0.5% 40.8 1 st Quarter 2020 (€m)Q1 2020Q1 2019Restated*Q1 2019ReportedTotalGrowthOrganicGrowth 10.6 Full-year 2020For 1€ Average rate2020 18.3 59.6 Other non-current assets Asia/Pacific 16.1 138.2 9.4 + 3.8% 24.2 2019Restated*2019ReportedTotalGrowthOrganicGrowth 36.9 Effect of foreign exchange rate changes Income taxes – 34.4 20.3 16.1 Total Assets 9.5 84.2 Net change in cash and cash equivalents 36.6 40.8 71.7 of which Subscription – 12.6% – 9.8% 22.2 0.0 37.3 – 10.1% 5.2 Profit on operating activities 24.9 30.0 -14.7 -10.7 199.7 – 11.9% Cash from operations after cost of net debt and tax 23.1 Changes in exchange rates + 2.2%+ 5.2% Subscription 15.7 5.4 – 48.2% 10.9 Organic growth – 4.5% 61.3 58.0 of which General and administrative License 6.6 87.2 -2.4 10.9 30.8 297.2 WhatsApp Pinterest Reserves and net profit Services 8.9 – 5.0% 3 rd Quarter 2020 (€m)Q3 2020Q3 2019Restated*Q3 2019ReportedTotalGrowthOrganicGrowth -2.7 60.4 Amortization of intangible assets 2019 – 0.7% Previous articleBenning, Fairfield visit MonmouthNext articleEnviva Partners, LP Reports Financial Results for the Fourth Quarter and Full Year of 2020 and Announces Commitment to “Net Zero” Digital AIM Web Support 3.8 (% Rev) 5.9% Revenue – 10.6% 12.7 Other income and expense items 300.0 of which Services 18.3 €m Operating profit * Revenue at 2020 scope and exchange rates -0.8 82.5 14.6 License 8.3 Assets Cost of net financial debt 300.0 8.6% 209.7 203.9 -2.7 Operating Profit Goodwill – 75.7 12.4 Appendices (3/5) Net profit 2018 71.5 Gross profit 1.8% 11.0 239.7 86.4 0.40 24.9 – 8.9% – 2.7% Axway Software: Simplified Balance Sheet 22.6 297.2 – 57.2% 8.5 License 25.8 % Rev. – 64.4% -8.6 26.7 37.7 – 25.1% Axway Software 72.8 -7.9 Axway Software – 2020 Full-Year Results: Success of the Transformation Plan, Resilience of the New Business Model 33.9 42.3 13.1 42.5 Financial debt – short-term portion 131.1 -4.2 35.9 23.5 – 17.1% 2019 Current assets 22.8 67.0 -2.9 422.9 Growth Change in loans 5.4 – 11.3% 23.0 22.9 67.7 28.9 11.0 Rest of Europe 18.6 295.8 of which License 21.1 – Axway Software 297.2 136.4 553.8 67.1 Basic earnings per share (in €) Profit from recurring operations 142.8 of which Sales and marketing Equity and Liabilities License 3.9 21.1 42.5 – 5.8% 3 rd Quarter 2020 (€m)Q3 2020Q3 2019Restated*Q3 2019ReportedTotalGrowthOrganicGrowth 33.8 320.1 Lease right-of-use assets Maintenance 138.2 344.1 France 32.3 362.7 Net cash from operating activities -5.2 Property, plant and equipment Growth at constant exchange rates 25.1 13.6 65.6 -1.1 28.1 5.9% 11.4 300.0 Non-current liabilities Patrick Donovan, Chief Executive Officer, declared: “I am very pleased to see that our 2020 results and Axway’s performance over the last three years are in line with our ambitions. Our efforts have resulted in the desired returns for our key stakeholders, and despite the many challenges the world has faced over the past year, Axway is in a better position than it was 3 years ago. As we recognize Axway’s 20 th anniversary, we celebrate having taken up many challenges to claim a leading position in our markets. We have invested in our products and made significant operational changes in several key areas, to be ever closer and more responsive to our customers. We have strengthened the environment of mutual trust with our employees through transparent dialogue. We have delivered against our planned roadmap; we have regularly achieved our financial objectives and our products have gained market support. In other words, we have built a solid foundation for the future of our company! In 2021, we will concentrate on refining our customer-focused strategy and will continue to invest in our offerings to meet customers’ expectations. We will also continue to rigorously manage our product portfolio to maximize growth and returns according to our markets’ different maturity levels.” Success of the transformation and new business model In 2020, against the backdrop of a global pandemic, Axway finalized its 3-year transformation plan launched in 2018. Thanks to a focused API-based approach, Axway is now widely regarded as a market leader in hybrid integration. In a severely disrupted environment, the company continued to transform its business model towards subscription-based offerings to respond more effectively to the needs of its 11,000 customers. Thanks to its action plan to address the COVID-19 global crisis, Axway was able to focus on providing the mission critical solutions and services necessary to its customers. Operationally, Axway rapidly adapted its sales, marketing, and customer engagement practices to succeed in the face of the restrictions imposed by the pandemic. Due to travel restrictions and the inability to bring together the various market stakeholders, all commercial events that usually pace the year were held virtually. The “ Open Everything ” campaign contributed successfully to the new business pipeline. In addition, Axway’s reputation has been reinforced by the recognition of its global leadership status and expertise in API management by the most influential independent research firms in the market. Demonstrating an unprecedented level of satisfaction, customers continued to rely on Axway to modernize their systems and accelerate their digital transformation despite the highly disrupted environment. The flexibility of Amplify offers and overall, the resilience of the new business model and the robustness of Axway’s client portfolio enabled the company to maintain organic revenue growth over the year. Through active management, Axway also exceeded its profitability target by improving its operating margin on business activity by 19% over the period. Axway has built its Amplify offering by leveraging the proven capabilities of its API Management Platform, enhanced with powerful integration tooling, support for complex organizational structures and integrations with its market leading MFT and B2B solutions. This differentiating expertise is at the heart of Axway’s strategy and will be an important growth driver in the next chapter of its history. Comments on 2020 business activity and operating performance In 2020, Axway generated revenue of €297.2 million, up 0.5% organically and down 0.9% in total. While the consolidation scope did not evolve, currency fluctuations had a negative impact of €4.1 million on annual company revenue, mainly due to the depreciation of the U.S. dollar and the Brazilian real against the euro. Profit on operating activities was €30.8 million, representing 10.4% of revenue compared to 8.6% in 2019. – 0.9% 40.3 362.6 Net charges to amortization, depreciation and provisions -0.3 Maintenance 35.4 €m – 12.6% 206.2 – 2.6% 25.9 Proceeds on share issues Asia/Pacific 2.9 -4.0 16.2 – 63.5% Change 58.4 0.25 121.4 25.9 20.5 Full-year 2020 (€m) 2020 -19.3 39.2 Lease liabilities – long-term portion 32.2 559.3 35.9 France 17.9 of which Subscription Axway Software: Cash Flow Statement – 15.1% (€m) 297.2 11.2% Asia/Pacific 4.0 Axway Software 64.4 (€m) – 2.0% – 3.0% Profit on Operating Activities 86.4 10.6 19.9 2.9 – 7.4% 23.4 +0.0 2.8 0.3 – 2.8% 185.6 60.6 – 6.9% Maintenance 35.3 -23.7 21.7 -8.3 52.2 + 0.5% 1 st Quarter 2020 (€m)Q1 2020Q1 2019Restated*Q1 2019ReportedTotalGrowthOrganicGrowth 0.7 – 4.0% 2.9% 4.9% 14.6 26.4 6.4% Rest of Europe 62.3 -0.4 Full-year 2020 (€m) 2020 90.2 Total Liabilities 7.6 75.2 300.0 – 6.4% 0.2 Dividends paid 28.3 31/12/2020 + 44.4%+ 41.4% – 48.3% 67.7 France 20.3 -5.1 52.8 32.2 88.1 + 13.2%+ 13.2% + 18.2%+ 18.2% -0.7 1.4 13.4 Share capital TAGS 2.9% 2019Restated*2019ReportedTotalGrowthOrganicGrowth Net cash from (used in) financing activities – 2.0% 422.7 9.2 Financial debt – long-term portion Axway Software 72.2 0.1 53.2 58.7 of which Maintenance – 7.3% 8.5 Americas 32.8 (€m) 144.7 35.8 Full-year 2020 30.0 -8.5 27.3 23.4 21.1 Net Profit attributable to the Group 59.7 2018 Revenue 36.2 20.5 – 11.7% Subscription 21.9 3.6 Axway Software 87.9 + 0.7% Services 36.0 71.9 9.1 28.7 Revenue at constant scope and exchange rates Axway Software 297.2 + 0.7% Other income and expenses -4.1 83.3 -5.6 90.2 Rest of Europe 16.0 1.119 Basic earnings per share (in €) 211.5 + 0.5% (€m) – 18.8% (€m) 261.3 Twitter Stock option expense Axway Software: Revenue by geographic area Appendices (4/5)
Pittsburgh’s 12-4 loss to Arizona on Monday wasn’t even the worst part of the Bucs’ night.Pirates pitcher Nick Burdi exited the game in the eighth inning while clutching his right biceps and elbow in obvious pain after tossing a 96-mph fastball to Diamondbacks outfielder Jarrod Dyson. After releasing the ball, Burdi bent over, dropped to his knees and collapsed on the mound in tears in an emotional scene.We wish a speedy recovery to Nick Burdi 🙏 Tonight he sustained an arm injury and fell to the ground in pain. He fought all the way back from Tommy John surgery in 2017, and he is currently being evaluated. pic.twitter.com/qNTAQZt5KB— The Dugout (@dugoutonline) April 23, 2019MORE: Watch ‘ChangeUp,’ a new MLB live whiparound show on DAZNDespite how much pain Burdi appeared to be in, ESPN reported Tuesday afternoon that a preliminary exam was “promising”: Nothing is fully torn or broken, ESPN reported, citing unidentified sources. An MRI exam revealed a strained biceps tendon and flexor mass that will sideline him indefinitely, but the early diagnosis would mean no surgery.Burdi previously underwent Tommy John surgery in 2017.Burdi, 26, entered Monday’s game in the seventh inning but surrendered a home run to Christian Walker before retiring Wilmer Flores. In the eighth, Burdi gave up three straight singles before Dyson came up to bat. Through his first 10 games this season, Burdi had faced 34 batters, striking out 17 and walking two.The 26-year-old was a second-round pick by the Twins in 2014 and fought tooth and nail to get to MLB battling command issues as well as injury problems. He made his major league debut in 2018 pitching in two games toward the end of the year.This season marked the first opening day roster he had made.