Report
Gregory Ramirez

AXWAY SOFTWARE: FY18 results and FY19 guidance in line with the 2020 roadmap | BUY | EUR17

AXWAY SOFTWARE - BUY | EUR17
FY18 results and FY19 guidance in line with the 2020 roadmap

Sound cost management largely offsetting deal slippages
The Amplify strategy has been successfully implemented so far
FY19 guidance is in line with the 2020 roadmap
Transformation still in progress
Underlying
Axway Software SA

Axway Software is an IT consulting and services company which is active in the Middleware market. Co. is active in the four sectors of the Middleware market which are: Managed File Transfer (MFT), Business to Business (B2B), Application Programming Interface (API), and Secure Gateways. Co. provides infrastructure software that is used to develop and secure the electronic information exchange networks (business interaction networks). These networks cover all interactions between internal entities and external entities. They also support exchanges between applications or between users and information systems. Co.'s platform is Synchrony™ covering all interaction media.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

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