Raphael Erb and Melissa Mulholland, Co-CEOs of SoftwareOne said, “The third quarter marked our first as a combined company – an important milestone in our journey to create a global leader in software and cloud services. We are encouraged to see early signs of growth recovery, as well as improved profitability driven by strict cost control and disciplined execution. Cost synergy realization is progressing well, and as we move into the fourth quarter, we are increasing our focus on our strategic sales plays and joint go-to-market approach to capture additional revenue opportunities. With our strong position across the cloud and AI value chain, we are well placed to harness the next wave of demand and deliver sustainable, profitable growth.“
↪ Revenue increased 46.0% year-on-year on a reported basis in Q3 2025 and 8.6% year‑to‑date, reflecting the Crayon acquisition
↪ Reported EBITDA rose by CHF 29.5 million to CHF 42.0 million in the quarter and by CHF 32.4 million to CHF 127.0 million year‑to‑date
↪ Integration progressing as planned with CHF 21 million of run-rate cost synergies achieved by the beginning of November 2025 – well on track to realize 30% of total run-rate cost synergies by end of 2025 and deliver CHF 80-100 million run-rate cost synergies by end‑2026
↪ On a combined like-for-like basis (as if the acquisition of Crayon had been completed on 1 January 2024) Q3 2025 revenue growth ended at 0.6% at constant currency with an adjusted EBITDA margin of 19.0%, up 2.9 percentage points compared to the prior year
↪ FY 2025 outlook unchanged: on a combined like-for-like basis, revenue growth expected to be flat in constant currency compared to 2024, with an adjusted EBITDA margin expected to be above 20%
I offer good value for my paid subscribers - this is behind a 45 day paywall for everyone else so they don't see it until 22 December. By that time, part of the opportunity may be gone. It is up ~14% since I published. Still a long way to go.
Thank you for your kind words and for supporting me as a paid subscriber. Feel free to share or ‘restack’ my posts so that I am able to grow my investment community.
Q3 2025 Results
Raphael Erb and Melissa Mulholland, Co-CEOs of SoftwareOne said, “The third quarter marked our first as a combined company – an important milestone in our journey to create a global leader in software and cloud services. We are encouraged to see early signs of growth recovery, as well as improved profitability driven by strict cost control and disciplined execution. Cost synergy realization is progressing well, and as we move into the fourth quarter, we are increasing our focus on our strategic sales plays and joint go-to-market approach to capture additional revenue opportunities. With our strong position across the cloud and AI value chain, we are well placed to harness the next wave of demand and deliver sustainable, profitable growth.“
↪ Revenue increased 46.0% year-on-year on a reported basis in Q3 2025 and 8.6% year‑to‑date, reflecting the Crayon acquisition
↪ Reported EBITDA rose by CHF 29.5 million to CHF 42.0 million in the quarter and by CHF 32.4 million to CHF 127.0 million year‑to‑date
↪ Integration progressing as planned with CHF 21 million of run-rate cost synergies achieved by the beginning of November 2025 – well on track to realize 30% of total run-rate cost synergies by end of 2025 and deliver CHF 80-100 million run-rate cost synergies by end‑2026
↪ On a combined like-for-like basis (as if the acquisition of Crayon had been completed on 1 January 2024) Q3 2025 revenue growth ended at 0.6% at constant currency with an adjusted EBITDA margin of 19.0%, up 2.9 percentage points compared to the prior year
↪ FY 2025 outlook unchanged: on a combined like-for-like basis, revenue growth expected to be flat in constant currency compared to 2024, with an adjusted EBITDA margin expected to be above 20%
Brilliant. Thank you for finding these gems in such an overvalued market!!!
Q3 2025 results out today: https://substack.com/profile/102309710-james-emanuel/note/c-176747837?r=1owuoe&utm_source=notes-share-action&utm_medium=web
I offer good value for my paid subscribers - this is behind a 45 day paywall for everyone else so they don't see it until 22 December. By that time, part of the opportunity may be gone. It is up ~14% since I published. Still a long way to go.
Thank you for your kind words and for supporting me as a paid subscriber. Feel free to share or ‘restack’ my posts so that I am able to grow my investment community.