Generix Group : Q1 close to expectations, 2020 set to be flat with a return to normative growth in 2021-2022
>Q1 revenue slightly better than expected at € 18.9m, down 6% YoY - Generix reported yesterday evening Q1 2020-2021 revenue a shade higher than our forecasts. Revenue came in at € 18.9m, down 6% YoY over the quarter (vs. ODDO BHF estimate -8.6%), dented by the current health crisis. In detail, SaaS sales fell by 3% YoY, Maintenance revenue by 7% YoY, license sales by 25% YoY and Services by 6% YoY. Restated for an accounting reclassification over the quarter, Maintena...Generix is engaged in the design and distribution of computer software. Co.'s software programs cover commercial management, accounting, production and the management of human resources.
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