SimCorp reports 2017 revenue growth of 11% and EBIT margin of 26%
SimCorp generated total revenue of EUR 343.4m in 2017 compared with restated* revenue of EUR 309.2m and reported revenue of EUR 295.9m in 2016. The increase was driven by strong growth in both professional services and license sales to existing clients, while licenses to new customers were lower than in 2016. Revenue increased by 11.0% compared with restated 2016 revenue. In local currencies, revenue increased by 12.5%, of which EUR 5.8m, equal to 1.9%, came from the acquisition of SimCorp Italiana. Consequently, organic revenue growth was 10.6%. SimCorp generated EBIT of EUR 88.9m