Earnings release
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Revenue for the first 9 months of 2021 : € 113.7M In € M D Linedata ASSET MANAGEMENT LENDING & LEASING TOTAL LINEDATA Rounded , unaudited figures ( € M ) 9 months 2020 80.9 34.1 115.1 9 months 2021 76.8 37.0 113.7 Change -5.2 % + 8.3 % -1.2 % Change at constant exchange rates -2.0 % + 9.0 % + 1.3 % Neuilly - sur - Seine , 21 October 2021 – Linedata ( LIN : FP ) generated revenues of € 113.7M for the first nine months of 2021 , down 1.2 % compared to the same period in 2020. At constant exchange rates , organic growth was + 1.3 % year - to - date . The recurring share of total revenue remains at a very high level , standing at 81 % . Non - recurring revenue increased by nearly € 2M , mainly due to a sharp increase in consulting , which increased be 16.0 % to € 21.1M . This was due to many of our clients migrating to our new platforms . Order bookings were € 44.2M , up 27.7 % compared to the previous period , driven by the uptake of our new product releases . linedata.com Performance analysis by segment : ASSET MANAGEMENT ( Q1 : € 25.9M , -8.5 % ; Q2 : € 25.5M , -5.6 % ; Q3 : € 25.3M , -1.0 % ) In the first nine months of the year , the Asset Management segment posted a limited decrease of 2 % at constant exchange rates . Software revenue was € 62.8M ( -5.6 % on a like - for - like basis ) . Ongoing client migration to the new AMP platform continued over the period in line with expectations but could not offset the fall in activity previously reported with some large fund administrators . The Services division accelerated its growth in Q3 ( + 21.2 % in Q3 , following an increase of + 15.8 % in H1 at constant exchange rates ) driven by middle office co - sourcing and risk reporting . This increase in revenues applies to both Gravitas and QRMO . Asset Management orders were € 22.6M in the first 9 months , an increase of 17.9 % compared to the same period of 2020 . BOSTON CASABLANCA - CHENNAI - DUBLIN - EDIMBOURG - GREENWICH - HONG KONG - LONDRES LUXEMBOURG - MADRID - MUMBAI - NEW YORK - OXFORD - PARIS - RIGA - SEATTLE - TORONTO - TUNIS