Nine-month 2020 revenue €118.7M
Nine-month 2020 revenue down 6% to €118.7M
Recurring revenue increases to 68% of total revenue
- VISIATIV PLATFORM up 3%
- 3DEXPERIENCE VAR down 12%
- Recurring revenue up 6%
In the third quarter of 2020, Visiativ had consolidated revenue of €36.2M, down 14% (down 15% on a like-for-like basis and with constant exchange rate). The Covid-19 health crisis continues to have an impact on companies, which are delaying investment decisions. During the first nine months of its 2020 financial year, Visiativ recorded consolidated revenue of €118.7M€, down 6% (down 8% in terms of organic revenue).
Recurring revenue rose by 6%, and now accounts for 68% of total revenue over the first nine months of 2020. International activity grew by 4%, making up 25% of business as of the end of September. These increases have dampened the effects of the crisis and show the Group’s resilience.