2023-04-24 16:29:03
Linedata, publisher of global solutions and outsourcing services for asset management, insurance and credit professionals, generated revenue of 41.7 million euros in the first quarter of 2023, in increase of 4% compared to the first quarter of 2022. Restated for the foreign exchange impact, organic growth was 2.9%, confirming an upward trend with +1.3 basis points compared to the organic growth of the first quarter of 2022. For the next few months, Linedata is pursuing its objective of maintaining its organic growth.
In the first quarter of 2023, the Asset Management segment continued its growth trajectory with an increase of 6.3% in published data. The Software activity is almost stable at 21.2 million euros.
Revenue from front office solutions increased by 7.9% driven by the continued migration to new platforms. The Services division continued its very strong momentum and posted strong growth of 32% in quarterly revenue.
For the next few months and in an economic environment that remains uncertain, Linedata is pursuing its objective of maintaining its organic growth.
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