USU Group shows strong operating performance in Q2 2020
Following the positive first quarter, USU Software AG (USU Group) is also showing strong operational business development in the second quarter of the current fiscal year 2020. In particular, the very good domestic business had a significant impact on the 13% year-on-year sales growth, after foreign business in particular had accelerated growth in the first quarter.
In the first six months of fiscal year 2020, the USU Group increased consolidated sales by 16.1% year-on-year to EUR 52.1 million. Domestic business grew by 16.1% to EUR 37.3 million, while sales in foreign markets grew by 15.9% to EUR 14.8 million.
As a result of the further strengthening trend towards SaaS solutions, business with software licenses declined by 6.4% year-on-year. At the same time, maintenance and SaaS business increased by 19.5% as a result of higher SaaS revenues. The consulting business also recorded significantly disproportionate growth of 22.8% due to newly acquired consulting projects and existing orders from previous quarters.
These are the most important details at a glance:
- Sales growth of 13% in Q2/2020
- Adjusted earnings increase by 267% in Q2/2020
- Half-year figures confirm positive growth trend
- Liquidity increased by 84.3
- Level of orders breaks new record
- Sales and earnings planning confirmed
Read more in our press release on the USU website.