At the outset of 2016, SimCorp expected that 75% of the new SimCorp Dimension licenses signed during the year would be on subscription based terms and 25% would be on perpetual based terms. Based on the order inflow so far in 2016 and taking into account that the new North American client, which was announced today (see Company Announcement no 37/2016) is also on perpetual licensing terms, SimCorp now expects that split to be around 50% on subscription and 50% on perpetual based terms.
Consequently, SimCorp updates its 2016 expectations for revenue growth measured in local currencies to be between 5% and 10% (previously between 3% and 8%) and EBIT margin measured in local currencies to be between 22% and 24% (previously between 21% and 24%).
Further, SimCorp updates its expectations for growth in adjusted non-GAAP revenue measured in local currencies to be between 10% and 15% (previously between 8% and 15%). The expectation for adjusted non-GAAP EBIT margin measured in local currencies is maintained between 24% and 28%.
Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)
Company Announcement no. 38/2016