Revenue in M€ | 2021 | 2020 | Variation | % ATI* |
Q1 | 8.98 | 6.63 | +2.35 | +35.4% |
Q2 | 10.49 | 13.34 | -2.86 | -21.4% |
Q3 | 8.57 | 7.45 | +1.12 | +15.1% |
Total | 28.05 | 27.43 | +0.62 | +2.3% |
* At prevailing exchange rates
Paris, November 2, 2021
Good commercial momentum continued in the third quarter with revenues of 8.6 million euros, up 15% at current exchange rates compared to 2020. SaaS order intake of €1.6 million in the quarter, to be recognized as revenue in future subscription periods, should be added as a complement for a fair measurement of commercial performance.
In terms of partnerships, we note:
In terms of product strategy, we note the launch of a new version of a major CAST Highlight feature that automatically identifies the security and legal risks associated with the use of Open Source components (see https://finance.yahoo.com/news/cast-introduces-smarter-simpler-sca-143000880.html). SCA (Software Composition Analysis) is an extremely dynamic sub-market of Software Intelligence, notably accelerated by Joe Biden's recent Executive Order on Improving the Nation's Cybersecurity, which explicitly requires ensuring and certifying the integrity and provenance of Open Source components in all software products used by the US Government (Sec 4, "Enhancing Software Supply Chain Security").
CAST enters the last quarter with confidence to achieve a very profitable growth in 2021.The transformation of the portfolio during the fourth quarter and in particular the share of SaaS orders will determine the exact level of growth and profit under IFRS.
Finally, beyond 2021 CAST reaffirms its optimism for the future. After a few years marked by its transformation plan and then by Covid-19, CAST now has the necessary conditions to achieve the objective announced before the health crisis: growth of between 15 and 20% over 2022-2023.
Upcoming:
First half results on February 1, 2022, after market close
CAST is the pioneer and category leader in Software Intelligence, providing insight into the structural condition of software assets. CAST technology is renowned as the most accurate “MRI for Software”, which delivers actionable insights into software composition, architectures, database structures, critical flaws, quality grades, cloud readiness levels and work effort metrics. It is used globally by thousands of forward-looking digital leaders to make objective decisions, accelerate modernization and raise the security and resiliency of mission critical software.
Visit www.castsoftware.com
ISIN: FR0000072894 Ticker symbol: CAS Reuters: YAS.PA Bloomberg: CAS.FP |
CAST Headquarters Corporate: +33 1 46 90 21 00 North America: +1 212-871-8330 |
Alexandre REROLLE CFO a.rerolle@castsoftware.com |
AELIUM Jérôme GACOIN jgacoin@aelium.fr 01.75.77.54.65 |
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Full and original press release in PDF: https://www.actusnews.com/news/71816-cast_revenue_q3_2021.pdf