SimCorp reports revenue growth of 29% and EBIT margin of 29% for the first nine months of 2019, and updates its strategy
Company Announcement no. 42/2019 Q3 2019 highlights: · Revenue of EUR 117.4m was EUR 36.7m higher than in Q3 2018 due to · recognition of a large order signed with an Asian investment company in December 2018 that met revenue recognition criteria in July 2019, · solid additional license sales, including one large conversion from perpetual license to subscription license, and · signing of two new subscription-based agreements, one SimCorp Dimension and one SimCorp Coric. Revenue increased by 45.5% compared with Q3 2018, and measured in local currencies, the increase