{"id":846630,"date":"2024-08-21T17:06:50","date_gmt":"2024-08-21T11:36:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846630"},"modified":"2024-08-22T08:41:43","modified_gmt":"2024-08-22T03:11:43","slug":"softwareone-says-discussions-with-potential-buyers-ongoing","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/21\/softwareone-says-discussions-with-potential-buyers-ongoing\/","title":{"rendered":"SoftwareOne says discussions with potential buyers ongoing"},"content":{"rendered":"<p>SoftwareOne on Wednesday said discussions with potential buyers were ongoing as the Swiss software services company reported a slowdown in revenue growth and adjusted its full-year guidance downwards. <\/p>\n<p>Revenue increased by 7.0% in first half of the year, said the company, which has attracted takeover interest from Apax Partners, Bain Capital and CVC. <\/p>\n<p>The increase, measured in constant currencies, was a decline from the 7.4% rate in the first quarter. <\/p>\n<p>As a result, the company reduced its full guidance for full year revenues to increase by 7% to 9%, down from its previous outlook for an 8-10% increase. <\/p>\n<p>Other parts of the outlook, such as a dividend pay-out ratio and profit margin, were unchanged. <\/p>\n<p>SoftwareOne, which Reuters reported last month has attracted renewed takeover interest, said it was still examining &#8220;several&#8221; approaches to take the company private. <\/p>\n<p>&#8220;Indications of interest have been received,&#8221; it said on Wednesday. &#8220;Discussions, although challenging given the general business environment, are progressing. The Board will provide further updates if and when required.&#8221; <\/p>\n<p>The company, which helps customers buy and manage software from other providers such as Microsoft, SAP and Adobe, flagged the approaches in May and has set up a committee to examine the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoftwareOne on Wednesday said discussions with potential buyers were ongoing as the Swiss software services company reported a slowdown in revenue growth and adjusted its full-year guidance downwards. Revenue increased by 7.0% in first half of the year, said the company, which has attracted takeover interest from Apax Partners, Bain Capital and CVC. The increase, measured in constant currencies, was a decline from the 7.4% rate in the first quarter. As a result, the company reduced its full guidance for full year revenues to increase by 7% to 9%, down from its previous outlook for an 8-10% increase. Other parts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-846630","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=846630"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846630\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}