SoftwareOne has reported a solid start to 2023 with its revenue increased by 8.7 per cent to £213.3 million on the first quarter.
SoftwareOne CEO, Brian Duffy said who joined the company in May after it carried out a rebrand said that it was an exciting time for the company.
The partner’s software & cloud marketplace delivered revenue growth of 6.4 per cent to £111 million in Q1, up from £108.6 million during the prior year period, driven by a 30 per cent revenue rise in the ISV portfolio.
Gross billings in the Microsoft business came to $4.2 billion, up 13 per cent year on year, driven by solid momentum across customer segments.
SoftwareOne said Microsoft revenue was negatively impacted by the shift from legacy CSP to the New Commerce Experience (NCE) model.
After a transition period with lowered incentives on the legacy CSP platform, the NCE model comes with higher pricing, a more favourable incentive structure and longer-term subscriptions, it said.
Over in the group’s In software & cloud services arm, revenue gained 11.4 per cent year on year to bring in £101.4 million owing to continued 20 per cent growth in cloud services, application services and SAP services, partially offset by a decline in legacy services.
By region, EMEA delivered a solid quarter, with revenue up 8.9 per cent year on year to £133.1 million, driven primarily by strong momentum in large enterprises in the DACH countries.
