UK IT Channel News | IT Channel Oxygen
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • Sustainability
  • About Us
  • Partner with us
Members
Must-Know Distributors
Oxygen 250
No Result
View All Result
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • Sustainability
  • About Us
  • Partner with us
No Result
View All Result
UK IT Channel News | IT Channel Oxygen
No Result
View All Result
Home People Moves

SoftwareOne swaps CEOs, slashes growth guidance

Brian Duffy leaving for new opportunity after just 17 months

Oxygen staff by Oxygen staff
31 October 2024
in People Moves, News, Partner
Exertis Enterprise stalwarts Browne and Croucher exiting for rival
Share on LinkedinShare on Twitter

SoftwareOne has swapped CEOs as it slashed its full-year 2024 revenue and profit guidance.

The Switzerland-based software licensing giant this morning appointed Raphael Erb to lead the business as predecessor Brian Duffy exits for a “new opportunity” after just 17 months in the hotseat.

Starting in his new role tomorrow, Erb has been at SoftwareOne for 25 years and is currently its Chief Revenue Officer.

At the same time, the 9,300-employee outfit announced it is slashing its full-year guidance after conceding that its Q3 results trailed its expectations. It cited three reasons for this:

– vendor incentive changes

– sales execution issues following implementation of go-to-market transformation

– a more cautious spending environment

Q3 revenues grew 1.4% in reported currency to CHF 236.7m, with revenue declining in a number of markets including the ‘Rest of EMEA’ segment that houses its UK business.

The SIX Swiss-listed outfit now expects full-year revenue growth to come in at 2-5%, down from the 7-9% it previously forecast. EBITDA margin for the year is now expected to hit 21-23%, down from 24.5-25.5%.

SoftwareOne has also tempered its expectations for 2026 somewhat.

Discussions with interested parties regarding a potential going-private transaction are ongoing, SoftwareOne stressed.

“I am absolutely convinced about SoftwareOne’s strengths and capabilities, and I see a large market opportunity as organisations continue to embrace the cloud and AI,” Erb stated.

“But as our recent disappointing performance clearly shows, there are areas we need to address – which we will do swiftly and decisively. I have no doubt that we can get SoftwareOne back on its growth trajectory by enhancing our focus on customers, empowering our people on the front line and improving our commercial model.”

Brian Duffy, SoftwareOne
Brian Duffy

Duffy added: “It has been an honour to lead the organisation and begin the company’s go-to-market transformation journey, while fostering our deep relationships with employees, channel and hyperscaler partners, and customers.”

Tags: featuredSoftwareONE
Previous Post

inTEC’s newly promoted COO on ‘societal judgment’ that accompanied her return to work

Next Post

5 partnership fails guaranteed to give you a fright

Related Posts

Satya Nadella at Copilot+ launch
AI

A peek inside Microsoft’s latest AI-fuelled partner programme refresh

4 August 2025
Geoff Kneen, Advania
M&A

Advania UK parades £452m post-integration proportions

4 August 2025
Joyce Mullen, Insight
AI

‘Here’s what we mean’ – Insight CEO on ‘AI-first solutions integrator’ revamp

31 July 2025
‘It leaves me conflicted’ – partners react to Palo Alto-CyberArk merger
Cybersecurity

‘It leaves me conflicted’ – partners react to Palo Alto-CyberArk merger

30 July 2025
James Reed, TD Synnex
Sustainability

‘It makes all the difference’ – TD Synnex exec flags crucial element of HP refurbished scheme

29 July 2025
‘Synchronised’ B2B growth fuels UK IT distribution uptick
Market data

‘Synchronised’ B2B growth fuels UK IT distribution uptick

28 July 2025
Mike Norris Group Sales kick off Berlin 2024 (1)
Partner

5 key takeaways as Computacenter says it’s ‘well positioned’ for second half

28 July 2025
Oxygen 250 leaders on what channel partners should call themselves in 2025, and where they’re winning on AI
AI

Oxygen 250 leaders on what channel partners should call themselves in 2025, and where they’re winning on AI

28 July 2025
Next Post
Daren Bach, Purechannels

5 partnership fails guaranteed to give you a fright

Follow Us

IT Channel Oxygen keeps you informed on the UK IT channel and its sustainable transformation. Learn more

  • About
  • Our Team
  • Partner with us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Cookie Policy (UK)

© 2025 IT Channel Oxygen

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Oxygen 250
  • Must-Know Distributors
  • Member area
  • KOcycle Zone
  • Big Interview
  • News
  • Indepth
  • About
  • Partner with us

© 2025 IT Channel Oxygen