2020 Half-Year Results
19 Octobre 2020 - 8:00PM
Business Wire
EasyVista’s strong fundamentals during
post-pandemic economic landscape play a role in conserving
profitability
EasyVista, a major IT
Service Management player in Europe and the United States, recently
announced company results for the first half of 2020. Impacted by
the Covid-19 pandemic, EasyVista generated revenue of €19.9
million, down 13% compared with the same period of 2019, and net
profit shows a margin of 4% of revenue, compared to 11% of revenue
in the first half of 2019.
Notably, EasyVista’s North America division grew by 5% in the
first half of 2020 compared to the same time period in 2019, and
increased profitability by 8% in the first half,
year-over-year.
“The adjustment of our expenses enabled us, despite the decrease
in activity, to conserve a significant profitability,” said
Sylvain Gauthier, co-founder and CEO of EasyVista. “Our
fundamentals, i.e. the high proportion of recurring revenue, the
relevance of our technological offer with the process
digitalization trend and, lastly, the company’s financial solidity,
enable us to have a solid resilience profile while ruling out the
hypothesis of a fixed cost structure adaption plan.”
Gauthier continues, “Our longer-term ambitions remain intact,
driven by the strengthening of the market’s structural drivers,
following the pandemic, and by the undeniable advantages offered by
our products, rewarded by Gartner year after year for their rapid
return on investment and their ease of use. However, this period of
uncertainty is leading us to adopt a more cautious development
strategy.”
In spite of the difficult post-pandemic economic context,
EasyVista has signed a number of structuring new contracts, notably
in the public sector with the Auvergne-Rhône-Alpes region in
France. Additionally, in the United States, EasyVista signed Rady
Children’s Hospital in San Diego and Wake Technical Community
College, one of North Carolina’s largest university groups with
more than 70,000 students.
In the private sector, EasyVista has distinguished itself by
signing FranFinance, Societe Generale’s consumer credit subsidiary,
and the Matmut insurance company in France. In Southern Europe, the
Group has signed a contract with Italian group Pellegrini, a major
player in the global mass catering sector, employing more than
7,000 people. Across the Atlantic in the United States, EasyVista
now supplies its solution to Coretelligent. Additionally, in the
United States, EasyVista acquired an Am Law 200 commercial law firm
which replaced ServiceNow for their ITSM needs.
EasyVista previously announced the public offer of Eurazeo PME
and other members of the above-mentioned concert – subject to it
acquiring a controlling block in EasyVista – which should take
place during the fourth quarter of 2020. For more details on the
operation, see the press release dated July 23, 2020, announcing
the kickoff of exclusive negotiations between Eurazeo PME and
shareholders and holders of convertible bonds.
Going forward, Easyvista anticipates a decrease in its 2020
revenue compared to 2019. However, the company expects to remain
resilient and looks forward to EV Connect 2020 events in the fall.
EV Connect 2020 is devoted to current and prospective customers and
will take place on a virtual platform to host guests from around
the globe to share important product updates, training sessions,
and discussions.
For more information about how EasyVista is transforming IT
service in enterprises today, please visit www.easyvista.com.
About EasyVista
EasyVista is a global software provider of intelligent service
automation solutions for enterprise service management and
self-help. Leveraging the power of ITSM, Self-Help, AI, and Micro
Apps to create customer-focused service experiences, EasyVista has
helped companies improve employee productivity, reduce operating
costs, and increase customer satisfaction. Today, EasyVista helps
over 1,500+ enterprises around the world to accelerate change,
empowering leaders to better serve their employees and customers
across financial services, healthcare, education, manufacturing and
other industries.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201019005623/en/
Erika Troconis-Rodell etroconis-rodell@easyvista.com