SoftwareOne’s enlarged scale “matters”, its Co-CEO asserted as she predicted its growth will accelerate in 2026 following a “strong” final quarter.
SoftwareOne’s merger with Nordic peer Crayon last summer created a “global software and cloud leader with unmatched reach and capabilities”, Melissa Mulholland claimed following its full-year results this morning.
They showed like-for-like revenue growth accelerating to 11% in the final quarter in constant currencies.
Full-year revenues inched up 1.4% to CHF £1.51bn on the same basis, ahead of the flat growth it expected, with like-for-like EBITDA margin improving by 0.5 points to 20.9%.
The enlarged company boasts gross sales of CHF 14bn (£13.2bn) and 13,000 staff, Mulholand stressed.
“This scale matters. It shows how we are one of a kind and a truly global partner for hyperscalers and ISVs,” she said.
Gunning for mid-single digit growth
SoftwareOne’s full-year results propelled its share price up 6% this morning.
This means the Switzerland-based software licensing giant’s market value (£1.51bn) currently sits between that of UK peers Softcat (£2.59bn) and Bytes Technology Group (£653m).
On the call, former Crayon CEO Mulholland said SoftwareOne sees “significant growth opportunities” with vendors including AWS, Google, VMware and Adobe.
A global distribution agreement it inked with Google Cloud in February will start to take effect on the P&L in the second half of the year, Mulholland predicted.
“While EA-related incentives were reduced, we have partially offset this by leveraging our combined service portfolio and strong CSP offering,” she added of its relationship with Microsoft.
Stans-headquartered SoftwareOne expects revenue growth to accelerate to “mid-single digits” in constant currency on a like-for-like basis this year.
Adjusted EBITDA margin is forecast to widen to 23%, meanwhile, as SoftwareOne targets CHF 100m in runrate savings from the Crayon union by year end.
“We see growth driven by CSP, multi-vendor expansion, increasing demand for higher-valued services, and continued channel growth,” Mulholland said.
