74Software Reports 10% Organic Growth in Q1 2026

74Software has announced a revenue increase of 10.0% for Q1 2026, totaling €182.7 million. This growth was primarily driven by an expansion in subscriptions and a shift toward recurring software revenue. Axway and SBS both showed strong performance, with organic growth rates of 12.7% and 7.4%, respectively.

Axway's product revenue reached €80.1 million, with recurring revenue comprising 95.2% of this figure, thanks to key wins and a strong push toward subscription models. Meanwhile, SBS saw product revenue of €71.1 million, with recurring revenue making up 86.2% of it, also shifting towards subscriptions.

Financially, 74Software holds net debt of €178.9 million as of March 31, 2026. A successful refinancing in April increased their debt to €410 million with extended maturities. Moving forward, the company remains on track with its financial objectives for 2026.