{"id":472209,"date":"2021-04-06T16:26:00","date_gmt":"2021-04-06T20:26:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472209"},"modified":"2021-04-06T16:26:00","modified_gmt":"2021-04-06T20:26:00","slug":"cast-announces-profitable-growth-after-4-years-of-investment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cast-announces-profitable-growth-after-4-years-of-investment\/","title":{"rendered":"CAST announces profitable growth after 4 years of investment"},"content":{"rendered":"

\nStrong growth of SaaS and go-to-market partnerships
\n<\/h2>\n
\n

\n CAST, Audited Financial Results 2020<\/strong>\n <\/p>\n\n\n\n\n\n\n
In M\u20ac<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Variation<\/strong>\n <\/td>\n\n %<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n41.0<\/td>\n\u00a0<\/td>\n39.7<\/td>\n\u00a0<\/td>\n+1.3<\/td>\n+3.1<\/td>\n%<\/td>\n<\/tr>\n
Operating income<\/td>\n3.2<\/td>\n\u00a0<\/td>\n(3.7<\/td>\n)<\/td>\n+6.9<\/td>\nna<\/td>\n\u00a0<\/td>\n<\/tr>\n
Financial income<\/td>\n(2.4<\/td>\n)<\/td>\n(0.3<\/td>\n)<\/td>\n-2.0<\/td>\nns<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n0.1<\/td>\n\u00a0<\/td>\n(4.2<\/td>\n)<\/td>\n+4.3<\/td>\nna<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

*The consolidated accounts were closed by the Board of Directors on April 2, 2021. The audit procedures have been completed. The <\/em>statutory auditors\u2019 report concerning certification is being prepared.<\/em><\/p>\n

NEW YORK and PARIS, April 06, 2021 (GLOBE NEWSWIRE) — With 6% growth after adjusting for currency fluctuations and \u20ac3.2M in operating income, the 2020 financial year brought a return to profit. Financial income was affected by exchange losses mainly from the settlement of old unrealized losses on intragroup trade. The tax expense for 2020 amounted to \u20ac0.7M.<\/p>\n

The strong operating performance was the direct result of three factors: the investments made in the last years in building a network of go-to-market partners that integrate CAST technology into their service offerings and the release of CAST Imaging (\u201cGoogle Maps for Software\u201d), a very successful product that uses CAST\u2019s software-analysis and reverse-engineering technology; the sharp growth of SaaS sales (\u20ac6.1M for the year, +72% yty); and the decrease in operating costs due to the unusual context of the pandemic.<\/p>\n

The financial structure is solid, with \u20ac16M in available cash at the end of March. The first quarter is off to a good start and the Software Intelligence offered by CAST and its commercial partners is very much in line with market needs. Microsoft Azure and AWS are seeding the market by using CAST Highlight and CAST Imaging to accelerate the migration of companies\u2019 software systems to Cloud. Major integrators, such as Accenture, IBM and Wipro are winning large-scale application modernization deals for which CAST provides the must-have detailed technical information on the internal structures of the software systems to be migrated to Cloud. Last but not least, management consulting firms assisting their clients with digital transformation programs and evaluating pre\/post M&A technical and legal risks do so using CAST technology for its unique precision and depth of analysis.<\/p>\n

Despite the uncertain macroeconomic conditions, CAST\u2019s management team envisages profitable growth exceeding 10% in 2021.<\/p>\n

\n Upcoming:<\/strong>
\n
Publication of Q1 2020 Revenue on May 3, 2021, after market closes<\/p>\n

\n About CAST
<\/strong>CAST\u00a0(Euronext Paris: CAS) is the pioneer and category leader in Software Intelligence, providing insight into the structural condition of software assets. CAST technology is renowned as the most accurate \u201cMRI for Software,\u201d which delivers actionable insights into software composition, architectures, database structures, critical flaws, quality grades, cloud readiness levels and work effort metrics. It is used globally by thousands of forward-looking digital leaders to make objective decisions, accelerate modernization and raise the security and resiliency of mission-critical software.<\/p>\n

Visit\u00a0castsoftware.com.<\/p>\n

For more information, please contact Stephanie Watkins at s.watkins@castsoftware.com<\/a>.<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Strong growth of SaaS and go-to-market partnerships CAST, Audited Financial Results 2020 In M\u20ac 2020 \u00a0 2019 \u00a0 Variation % \u00a0 Revenue 41.0 \u00a0 39.7 \u00a0 +1.3 +3.1 % Operating income 3.2 \u00a0 (3.7 ) +6.9 na \u00a0 Financial income (2.4 ) (0.3 ) -2.0 ns \u00a0 Net income 0.1 \u00a0 (4.2 ) +4.3 na \u00a0 *The consolidated accounts were closed by the Board of Directors on April 2, 2021. The audit procedures have been completed. The statutory auditors\u2019 report concerning certification is being prepared. NEW YORK and PARIS, April 06, 2021 (GLOBE NEWSWIRE) — With 6% growth after adjusting for currency fluctuations and \u20ac3.2M in operating income, the 2020 financial year brought a return to profit. Financial income was … <\/p>\n

Continue reading “CAST announces profitable growth after 4 years of investment”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472209","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCAST announces profitable growth after 4 years of investment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cast-announces-profitable-growth-after-4-years-of-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAST announces profitable growth after 4 years of investment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Strong growth of SaaS and go-to-market partnerships CAST, Audited Financial Results 2020 In M\u20ac 2020 \u00a0 2019 \u00a0 Variation % \u00a0 Revenue 41.0 \u00a0 39.7 \u00a0 +1.3 +3.1 % Operating income 3.2 \u00a0 (3.7 ) +6.9 na \u00a0 Financial income (2.4 ) (0.3 ) -2.0 ns \u00a0 Net income 0.1 \u00a0 (4.2 ) +4.3 na \u00a0 *The consolidated accounts were closed by the Board of Directors on April 2, 2021. 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