Based on the order inflow so far in 2016 and taking into account that the new North American client, which was announced today (see Company Announcement no 37/2016) is also on perpetual licensing terms, SimCorp now expects that split to be around 50% on subscription and 50% on perpetual based terms.
Consequently, SimCorp updates its 2016 expectations for revenue growth measured in local currencies to be between 5% and 10% (previously between 3% and 8%) and EBIT margin measured in local currencies to be between 22% and 24% (previously between 21% and 24%).
Further, SimCorp updates its expectations for growth in adjusted non-GAAP revenue measured in local currencies to be between 10% and 15% (previously between 8% and 15%). The expectation for adjusted non-GAAP EBIT margin measured in local currencies is maintained between 24% and 28%.
Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)
Company Announcement no. 38/2016