SoftwareOne experiences decline in revenue during the first half of 2025
SoftwareOne and Crayon: First-Half Financial Results and Integration Progress
In a recent development, SoftwareOne and its recently acquired Norwegian IT service provider, Crayon, have published their cumulative financial figures for the first half of 2025.
The acquisition of Crayon has positively impacted SoftwareOne's revenues, with a significant increase of one fifth, totalling NOK 38.5 billion. However, the company's earnings in the DACH region have seen a decline, attributed to changes in Microsoft's incentives for enterprise agreements and exceptionally good business in the first half of 2024. Notably, SoftwareOne has yet to include Crayon's revenues in its total earnings.
In the DACH region, SoftwareOne's earnings decreased by 2.9 percent to a half-year total of CHF 149.3 million. The company has managed to partially offset this decrease by securing more contracts with other software vendors, expanding its business in the region.
The integration of Crayon into the SoftwareOne group is progressing as planned. The "gross revenue" figure reported by Crayon refers to the total value of the software traded, while the "net revenue" figure for SoftwareOne does not include the value of the software traded, but only the earnings generated from licensing mediation.
The Ebitda (profit before interest, taxes, depreciation, and amortization) for SoftwareOne increased from CHF 82.2 million to CHF 85 million in the half-year comparison. This increase is attributed to the cost-cutting program concluded in the first quarter of 2025 and continued strict cost control.
As for the workforce, the number of employees (FTE) has decreased from 13,441 as of June 30, 2024, to 12,928 as of mid-2025.
SoftwareOne's consolidated revenue in the second quarter of 2025 decreased, resulting in a total of CHF 487.7 million for the first half of 2025, which is eight percent less than in the first half of 2024. The statement does not mention any specific reasons for this decrease.
The article does not provide information about any new public sector customers won by SoftwareOne in the first half of 2025 nor any changes in Ebitda for the first half of 2025.
In a notable achievement, SoftwareOne ranked 25th on the Top-25 List of Largest System Houses in Germany in 2024, with a gross revenue of EUR 2.2372 billion.
The acquisition of SoftwareOne by Crayon in the first half of 2025 has led to a revenue decline but has also resulted in cost savings of CHF 11 million. The company aims for CHF 80-100 million cost synergies by the end of 2026; however, revenue figures specific to the acquisition period are not explicitly stated.
Overall, the integration of Crayon into SoftwareOne is progressing as planned, with both companies reporting their financial figures and working towards achieving the projected cost synergies.
