CAST Software Inc.: Q1 revenue up 35%
03 Mai 2021 - 7:56PM
Pioneer and category leader in software
Intelligence, CAST delivered an
excellent first quarter that was marked, in particular,
with many contracts with new clients and a diverse geographic
distribution of revenue. The quarter also marks a milestone joint
go-to-market agreement reached with Accenture, similar to the
existing agreement with IBM Global Business Services, for faster,
safer and easier application modernization and cloud migration of
their clients’ complex custom-build applications.
At the end of March, revenue was up
sharply by 35% (+40% at constant currency) compared with
Q1 2020. The investment plan implemented over the last few years
therefore continues to bear fruit and has been successful in
improving the go-to-market strategy using integrator partners, the
maturity of the technology and the promotion of new uses for
software intelligence, now focused on digital transformation,
refactor and shift to Cloud, increased productivity of developers
and pre/post M&A due-diligence techniques.
Besides the financial results, sales through partners allow for
faster seeding and market penetration. The foundation for a
successful performance is now well established, with the perfect
market-dynamics storm resulting in increased demand for software
intelligence.
CAST confirms its targets of revenue
growth exceeding 10% and profitable 2021 fiscal year.
Upcoming:Publication of
half-year results on July 28, 2021, after market closes
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 |
CAST
Headquarters |
Alexandre REROLLE |
AELIUM |
Ticker symbol: CAS |
Corporate: +33 1 46 90 21 00 |
CFO |
Jérôme GACOIN |
Reuters: YAS.PA |
North America: +1 212-871-8330 |
a.rerolle@castsoftware.com |
jgacoin@aelium.fr |
Bloomberg: CAS.FP |
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+33 1 75 77 54 65 |