on LINEDATA SERVICES (EPA:LIN)
Linedata Services announces growth of 3.3% in its turnover in the first quarter of 2024
Neuilly-sur-Seine, April 23, 2024 - Linedata Services (Euronext Paris: LIN) reports revenue of 43.9 million euros for the first quarter of 2024, marking an increase of 3.3% compared to the same period in 2023. Organic growth adjusted for currency effects amounts to 3.4%.
The Lending & Leasing segment stands out with a significant increase of 9.7% to reach 14.7 million euros, mainly supported by the Linedata Ekip and Linedata Capitalstream platforms. The Asset Management sector posted more modest growth of 0.4%, with a turnover of 29.2 million euros, despite a drop in the Software sector due to a slowdown in Transfer Agency projects.
Furthermore, Linedata Services maintains its organic growth objective for the year 2024 and plans to publish first half revenue on July 23, 2024.
R. E.
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