74software · EURONEXT:74SW
74software — Investor Presentation (November 2026)
72 slides from 74software's investor presentation, November 2026
Slide 1: Investor Deck
Investor Deck November 2026 74Software
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENT This presentation contains forecasts that may be subject to various risks and uncertainties concerning the Company’s future growth and profitability. The Company highlights that contract signatures, which represent investments for customers, are historically more
Slide 3: Agenda
Agenda 01 Who We Are 02 What We Do 03 FY 2025 Highlights and YTD Performance 04 Looking to 2026 and Beyond 05 Appendices
Slide 4: Who We Are
Who We Are Software 74
Slide 5: The 74Software Journey
The 74Software Journey 2001 2005 2011 2012 - 2017 2018 2020 2021 2023 2025 Axway created to Axway becomes Axway spins Axway strengthens its SBS AI-based SaaS SBS stands SBS leads in First full year as one Group, structure key player in off and lists on offering portfolio becomes a banking out in dig
Slide 6: Entering a New Era
Entering a New Era A LISTED CENTRAL ENTITY SERVING ITS ENTERPRISE SOFTWARE PORFOLIO COMPANIES LEVERAGING A PORTFOLIO OF RECOGNISED BRANDS AND LEADING PRODUCTS WITH ALWAYS THE SAME PURPOSE: To be an independent technology provider that sustainably grows enduring value, based upon trust, for our custo
Slide 7: Built on Solid Foundations
Built on Solid Foundations EURONEXT PARIS - COMPARTMENT A ELIGIBILITY Bloomberg : 74SW:FP SRD Reuters : 74SW.PA PEA Market Capitalization PEA-PME At 26/10/2026: c. €1.14bn PARIS, FRANCE EURONEXT LISTING Top 5 FRENCH ENTERPRISE SOFTWARE PROVIDERS ANNECY, FRANCE TOP 250 NUMEUM – EY 2025 HEAD OFFICE 26
Slide 8: Creating Value for All Stakeholders
Creating Value for All Stakeholders EMPLOYEES CUSTOMERS SHAREHOLDERS A trusted, independent enterprise software provider that sustainably grows enduring value by delivering successful outcomes for its customers, opportunities for its employees and returns for its shareholders. 8
Slide 9: Two Complementary Brands, One Investment Case
Two Complementary Brands, One Investment Case Distinct market positions, shared foundations for durable value creation. THE TRUSTED INTEGRATION AND CONTROL LAYER THE TRUSTED EXECUTION LAYER FOR BANKING • Securing and orchestrating critical data flows • Running mission-critical banking and financing
Slide 10: An Operating Model Built for Scale and Accountability
An Operating Model Built for Scale and Accountability Centralized discipline where scale matters, full brand accountability where customer proximity matters. Future brand(s) • Product strategy and roadmap • Product strategy and roadmap • Product strategy and roadmap • Go-to-market and customer relat
Slide 11: Historical Performance
Historical Performance Revenue Profit on (€m) Operating Activities (€m) 800 120 700 Revenue Profit on Operating Activities 100 600 AXWAY STANDALONE 80 500 Business Model Transition 400 60 300 40 200 20 100 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Proforma Organi
Slide 12: A Disciplined M&A Track Record
A Disciplined M&A Track Record 12
Slide 13: Capital Structure as of September 30, 2026
Capital Structure as of September 30, 2026 74Software SA Sopra GMT FOUNDERS TREASURY & MANAGERS PUBLIC PASQUIER ODIN ONE EQUITY HISTORICAL TREASURY SHARES FAMILY FAMILY PARTNERS MANAGERS SHARES SHARES SHARES 54.0% 22.4% 22.7% 0.6% 0.3% 41.70% 11.07% 0.42% 42.48% 2.97% VOTING RIGHTS 54.1% 22.5% 22.7%
Slide 14: What We Do
What We Do A 74Software Ss 2
Slide 15: Capitalizing on Our Recent Successes
Capitalizing on Our Recent Successes TO BUILD A ROBUST SOFTWARE HOUSE WITH TRIED-AND-TESTED RECIPES PRODUCT PORTFOLIO INTEGRATION BANKING APP • Managed File Transfer (MFT) • Integrated banking products • API Management (APIM) • Modular banking products • B2B Integration • Financing products • Specia
Slide 16: Structural Trends Reinforce 74Software's Relevance
Structural Trends Reinforce 74Software’s Relevance TEGRA TION ST E D I N AI T RU INDUSTRIALIZATION SECURE AND ORCHESTRATE CRITICAL DATA FLOWS ED EX ECUTION ARCHITECTURE GOVERN APPLY POLICY, CONTROL AND COMPLEXITY OBSERVABILITY ACROSS COMPLEX ENVIRONMENTS A I N SO FTWARE N - C R I T ICAL DOM SUPPORT
Slide 17: Product Momentum Supported by Disciplined Execution
Product Momentum Supported by Disciplined Execution § New MFT wins in automotive and luxury goods § 83 new contracts for Amplify Fusion in 9M 2026 § Renewals and extensions in healthcare and financial § Broader multi-pattern adoption services EXPANDING SCALING CORE NEWER FRANCHISES PLATFORMS § SBS D
Slide 18: Turning AI into Customer Value and Execution Benefits
Turning AI into Customer Value and AI-AUGMENTED BANKING SOFTWARE Execution Benefits Domain intelligence & Regulated execution SBS AI Foundation A pragmatic AI strategy focused on customer value, product differentiation and execution efficiency. Governed Knowledge Faster cycles | Higher quality Great
Slide 19: FY 2025 Highlights and YTD Performance
03 FY 2025 Highlights and YTD Performance
Slide 20: FY 2025
FY 2025 74Software
Slide 21: FY 2025 – Income Statement
FY 2025 – Income Statement FY 2025 Significantly Improved Profitability 2024 2025 Proforma Change 12M AXW + 12M SBS €m % of Rev. €m % of Rev. €m % TOTAL REVENUE 707.2 690.0 + 17.2 +2.5% Total costs of revenue 232.1 241.3 GROSS PROFIT 476.1 67.3% 448.8 65.0% + 27.3 +6.1% Operating expenses 368.8 354.
Slide 22: FY 2025 – Revenue Breakdown by Type
FY 2025 – Revenue Breakdown by Type FY 2025 Delivering as planned on the shift toward a structurally recurring subscription-driven model Product revenue at 81% of 2025 total revenue (vs. 79% in 2024) Maintenance & Support Customer-managed Subscriptions Own-managed Subscriptions Licenses Services 25%
Slide 23: FY 2025 – ARR by Type
FY 2025 – ARR by Type FY 2025 ARR at constant FX (as of 31/12/2025) ARR BY TYPE 2024 2025 Change YoY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Axway 226 229 234 244 251 255 263 273 11.8% Maintenance & Support 61 57 57 51 49 45 40 36 -29.0% Customer Managed 123 125 130 143 148 154 164 177 23.5% Own Managed 43 46 47 50
Slide 24: FY 2025 – ARR by Product Line
FY 2025 – ARR by Product Line FY 2025 ARR at constant FX (as of 31/12/2025) 2024 2025 Change ARR BY PRODUCT LINE YoY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Axway 226 229 234 244 251 255 263 273 11.8% Managed File Transfer 94 94 98 103 105 107 109 118 14.3% B2B Integration 54 55 56 57 58 61 63 64 12.6% API Manageme
Slide 25: FY 2025 – Margin on Operating Activities
FY 2025 – Margin on Operating Activities FY 2025 78.4% of Rev. 18.8% of Rev. 67.3% of Rev. 25.8% of Rev.* 17.8% of Rev. 23.7% of Rev. 8.5% of Rev. 15.2% of Rev. 77.3% in 2024 19.4% in 2024 65.0% in 2024 25.4% in 2024 17.4% in 2024 22.2% in 2024 8.6% in 2024 13.6% in 2024 500 25 476 451 450 400 350 3
Slide 26: FY 2025 – Brand Contribution
FY 2025 – Brand Contribution FY 2025 Axway further improving – SBS on track to deliver on plan 84.3% 9.6% 76.5% 19.0% 25.6% 31.9% 71.4% 22.2% 58.6% 32.0% 10.5% 16.1% of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev * of Rev. of Rev. 81.9% 2.8% in 73.3% 18.6% 25.0% 29.8%
Slide 27: FY 2025 – Cash Flow Statement
FY 2025 – Cash Flow Statement FY 2025 Cashflow growth driven by operating improvements and optimized NWC management 2025 2024 Change Axway in €m 74Software SBS Axway Axway 2025 vs. 2024 Operating cashflow 110.9 33.6 77.3 39.0 + 38.3 o/w change in NWC 11.0 12.4 -1.4 -24.5 + 23.1 o/w other operating ca
Slide 28: H1 2026
H1 2026 74Software
Slide 29: H1 2026 – Income Statement
H1 2026 – Income Statement H1 2026 Significantly Improved Profitability – Strong Operating Leverage H1 2025 H1 2026 Change Reported €m % of Rev. €m % of Rev. €m % TOTAL REVENUE 367.0 344.0 23.0 +6.7% Total costs of revenue -120.2 -115.9 -4.3 GROSS PROFIT 246.8 67.2% 228.1 66.3% 18.7 +8.2% Operating
Slide 30: H1 2026 – Revenue Breakdown by Type
H1 2026 – Revenue Breakdown by Type H1 2026 Revenue mix continues to shift toward recurring software Product revenue at 83% of H1 2026 total revenue (vs. 81% in H1 2025) Maintenance & Support Customer-managed Subscriptions Own-managed Subscriptions Licenses Services 21% (vs. 27%) 34% (vs. 28%) 21% (
Slide 31: H1 2026 – Margin on Operating Activities
H1 2026 – Margin on Operating Activities H1 2026 Strong operating leverage driving margin expansion H1 26 % of Rev.* 77.7% 16.6% 67.2% 24.7%** 17.4% 25.2% 10.0% 15.2% H1 25 % of Rev. 77.8% 15.9% 66.3% 27.1% 18.3% 20.9% 8.9% 12.0% 250 10 247 236 200 in €m 150 - 91 100 93 - 64 56 50 - 37 0 Product Ser
Slide 32: H1 2026 – Brand Contribution
H1 2026 – Brand Contribution H1 2026 Strong operating leverage at Axway – Continued profitability progress at SBS 84.7% 11.9% 77.4% 17.1% 24.7% 35.6% 69.9% 18.4% 57.7% 31.4% 10.7% 15.7% of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev. of Rev * of Rev. of Rev. 83.2% in 7.0% in
Slide 33: H1 2026 – Cash Flow Statement
H1 2026 – Cash Flow Statement H1 2026 Increase in NWC requirement partly offset by other operating improvements C h H1 2026 H1 2025 Change in €m Axway Operating cash flow 25.1 53.9 - 28.7 o/w change in NWC -10.0 25.6 - 35.7 o/w other operating cash flow 35.2 28.2 + 7.0 SBS Operating cash flow 28.8 35.8
Slide 34: Q3 & 9M 2026
Q3 & 9M 2026 74Software
Slide 35: Q3 2026 – Group Revenue
Q3 2026 – Group Revenue Q3 2026 Solid Q3 Growth and Continued Subscription Expansion Revenue by Portfolio Brand Q3 2025 Q3 2025 Total Organic Q3 2026 €m / % Reported Restated* Growth Growth Axway Scope 87.6 82.6 83.4 6.1% 5.1% SBS Scope 96.7 90.8 91.1 6.5% 6.1% Consolidation -0.3 -0.5 -0.5 74Softwar
Slide 36: Q3 2026 – ARR by Type
Q3 2026 – ARR by Type Q3 2026 ARR Breakdown by Type at Constant Exchange Rates as of End-Q3 2026 2025 2026 YoY Change €m at constant FX Q1 Q2 Q3 Q4 Q1 Q2 Q3 Axway 255.7 260.2 267.7 278.2 278.3 289.3 294.2 + 9.9% Maintenance and support 50.7 46.4 41.3 37.0 34.8 30.0 26.5 - 35.8% Customer-managed subs
Slide 37: Q3 2026 – ARR by Product Line
Q3 2026 – ARR by Product Line Q3 2026 ARR Breakdown by Product Line at Constant Exchange Rates as of End-Q3 2026 2025 2026 YoY Change €m at constant FX Q1 Q2 Q3 Q4 Q1 Q2 Q3 Axway 255.7 260.2 267.7 278.2 278.3 289.3 294.2 + 9.9% Managed File Transfer 108.3 110.4 112.5 121.3 120.5 125.1 126.7 + 12.7%
Slide 38: 9M 2026 – Group Revenue
9M 2026 – Group Revenue Q3 2026 YTD Performance Reinforcing Confidence in Achieving FY Growth Guidance Quarterly Revenue Breakdown by Portfolio Brand Q1 2026 Q2 2026 Q3 2026 9M 2026 €m Axway Scope 89.0 85.6 87.6 262.2 SBS Scope 94.0 99.3 96.7 290.0 Consolidation -0.4 -0.6 -0.3 -1.2 74Software 182.7
Slide 39: Looking to 2026 and Beyond
“ Looking to 2026 and Beyond igo ooe, 74Software
Slide 40: Scaling a Higher-Margin, Increasingly Cash-Generative Software Model
Scaling a Higher-Margin, Increasingly Cash-Generative Software Model 2026 2028 H1 GUIDANCE AMBITION RAISED CONFIRMED €1bn 4 - 6% Close to 800 m Mid-term Revenue Product-led growth across Axway and SBS € including M&A Margin on Op. Activities 16 - 18 % Further SBS improvement, mix and operating lever
Slide 41: A Stronger Platform for Durable Value Creation
A Stronger Platform for Durable Value Creation H1 2026 strengthened the Group’s growth, visibility, profitability and strategic flexibility STRONGER EXECUTION GREATER VISIBILITY STRATEGIC RELEVANCE à Broad-based organic growth à Both brands now exceed €250m in ARR à Mission-critical software à Signi
Slide 42: Appendices
Appendices 74Software
Slide 43: Glossary and Alternative Performance Measures
Glossary and Alternative Performance Measures § Axway ARR: Annual Recurring Revenue – Expected annual billing amounts from all active maintenance and subscription agreements. § Brand Contribution: Contribution to profit on operating activities generated by Axway and SBS before centrally managed gene
Slide 44: Product Portfolio
Product Portfolio 74Software
Slide 45: Managed File Transfer
Managed File Transfer SECURE MANAGED FILE TRANSFER OPERATIONS Tightest Security Automate and meet SLAs Managed Cloud Services for MFT Scalable Hybrid Deployment Protect organizations from Use automated workflows to Spend less time managing a technical Deploy as a flexible subscription operations dis
Slide 46: B2B Integration
B2B Integration SECURE, API-ENABLED EDI IN THE CLOUD Better Responsiveness Global Compliance B2B Communications Fully Containerized Cut manual involvement Solutions for B2B and B2G Connect to all your partners Containerized deployments and shorten response times eInvoice compliance as well quickly a
Slide 47: Amplify API Management
Amplify API Management IT COMPLEXITY HAS MET ITS MATCH Open Platform Developer Independence Full Lifecycle Zero Duplication Discover, reuse, and govern Speed API and app development Manage the entire API lifecycle: Automatically detect new APIs across multiple gateways, by giving DevOps the freedom
Slide 48: SBS Product Portfolio
SBS Product Portfolio From tried-and-tested core banking systems to payments, lending, and specialized financing solutions INTEGRATED BANKING PRODUCTS Proven core platforms – leaders in Francophone Africa, French mid-market and Benelux retail, delivering resilient full-service BANKING COMPONENTS Fra
Slide 49: Integrated Banking Products
Integrated Banking Products PROVEN CORE PLATFORMS · RELIABLE · SCALABLE · ENDORSED BY LEADING BANKS 220+ FUNCTIONAL OVERVIEW African banks entrust us with their data — over 70 % market share in Francophone Africa § End-to-end core banking for retail and commercial § Payments functionality with treas
Slide 50: Banking Components
Banking Components LENDING (CREDIT & RISK) · CARDS & PAYMENTS · RELIED ON BY TIER-1 BANKS FUNCTIONAL OVERVIEW 5 of 5 Of Tier 1 banks in France use SBS § Lending: lending solutions o Full coverage of the credit lifecycle (servicing to collection, through collateral and provisioning) o Configurable wo
Slide 51: Modular Banking Products
Modular Banking Products NEXT-GEN DIGITAL CORE · CLOUD-NATIVE · COMPOSABLE · DRIVING MODERNIZATION FUNCTIONAL OVERVIEW ~40% Of payments in France processed § Progressive transformation with modular adoption in accounts, lending, payments through SBS solutions and compliance § Native Digital Engageme
Slide 52: Financing Products
Financing Products ASSET FINANCE · SPECIALIZED SOLUTIONS · TRUSTED BY MARKET LEADERS FUNCTIONAL OVERVIEW $87B Financing transactions processed annually, including 4.6M vehicles § End-to-end digital lending covering credit, origination, servicing and collections § Automated processing of assets and l
Slide 53: 74Software Incubation Zone
74Software Incubation Zone DIGITAL ENGAGEMENT Digital Engagement Platform forming the foundation of digital banking, powered by modern UI, open APIs and enterprise AI capabilities. 10 banks signed | 3 go-lives in 2025 DIGITAL CORE From Spark To Scale AI-native core banking platform, extending SBS tr
Slide 54: FY 2025
FY 2025 74Software
Slide 55: FY 2025 – Key Figures
FY 2025 – Key Figures FY 2025 Strong Performance Across All Key Performance Metrics € 707 m Revenue 38 + . % Organic Growth 15 .2 % Margin on Operating Activities § ARR Axway: €273m § ARR Growth Axway: +11.8% § Axway: 21.6% § ARR SBS: €244m § ARR Growth SBS: +8.9% § SBS: 10.2% 11 .4 % Unlevered FCF
Slide 56: FY 2025 – Revenue by Brand & Type
FY 2025 – Revenue by Brand & Type FY 2025 2024 2024 Total Organic 2025 €m / % Proforma Restated Growth Growth Product revenue 302.5 293.9 288.0 2.9% 5.1% Recurring revenue 296.7 283.7 278.1 4.6% 6.7% o/w Maintenance & Support 50.0 68.4 66.3 -26.8% -24.5% o/w Customer-managed Subscription 189.5 163.6
Slide 57: FY 2025 – Revenue Breakdown by Product & Region
FY 2025 – Revenue Breakdown by Product & Region FY 2025 Strong Performance across all Key Performance Metrics 17% 18% 24% 15% 18% 25% MFT 40% Financing Products 42% B2B Integration 17% 18% Revenue by product Modular Products APIM 10% Integrated Products 11% Others Banking Components 47% 25% 47% 26%
Slide 58: FY 2025 – Margin Analysis
FY 2025 – Margin Analysis FY 2025 2024 2025 Change Proforma €m % of Rev. €m % of Rev. €m Basis Points Product revenue 575.5 81.4% 544.1 78.8% + 31.5 + 254 Services revenue 131.7 18.6% 146.0 21.2% - 14.4 - 254 Total revenue 707.2 690.0 + 17.2 Total costs of revenue 232.1 241.3 - 9.2 GROSS PROFIT 476.
Slide 59: FY 2025 – Brand Contribution
FY 2025 – Brand Contribution FY 2025 2024 2025 Reported Change Axway Axway €m % of Rev. €m % of Rev. €m Basis Points Product revenue 302.5 89.5% 293.9 89.1% + 8.6 + 39 Services revenue 35.4 10.5% 35.8 10.9% - 0.4 - 39 Total revenue 337.9 329.8 + 8.1 Total costs of revenue 79.4 88.0 - 8.6 GROSS PROFI
Slide 60: FY 2025 – Balance Sheet
FY 2025 – Balance Sheet FY 2025 2024 2024 2025 IFRS Change 2025 IFRS Change Consolidated Consolidated in €m in €m Accounts receivables 279.9 293.5 - 13.6 Cash & cash equivalents -48.4 -41.4 - 7.0 Other current assets 104.0 101.9 + 2.0 Financial debt 241.4 291.8 - 50.4 Accounts payables -32.7 -28.7 -
Slide 61: H1 2026
H1 2026 74Software
Slide 62: H1 2026 – Key Financial Figures
H1 2026 – Key Financial Figures FY 2026 GUIDANCE RAISED H1 2026 Strong growth translated into higher profitability and earnings € 367 m Revenue 86 + . % Organic Growth 15 .2 % Margin on Operating Activities § +6.7% reported growth § Axway: +11.7% § €55.7m, up 34.8% § €6.2m FX headwind § SBS: +5.9% §
Slide 63: H1 2026 – Revenue by Brand & Type
H1 2026 – Revenue by Brand & Type H1 2026 H1 2025 H1 2025 Total Organic H1 2026 €m / % Reported Restated* Growth Growth Product revenue 157.2 143.3 139.1 9.7% 13.0% Recurring revenue 152.3 141.6 137.5 7.6% 10.8% o/w Maintenance & Support 17.9 27.2 26.1 -34.2% -31.2% o/w Customer-managed Subscription
Slide 64: H1 2026 – Revenue by Geography
H1 2026 – Revenue by Geography H1 2026 H1 2026 H1 2025 H1 2025 Total Organic Reported Restated* Growth Growth €m % of Rev. Europe 222.8 60.7% 208.1 206.5 7.1% 7.9% o/w France 104.8 28.6% 99.4 100.3 5.4% 4.5% o/w UK 52.7 14.4% 46.8 45.6 12.6% 15.6% Americas 79.3 21.6% 73.3 69.1 8.2% 14.8% Middle East
Slide 65: Broad-Based ARR Growth Reinforces Revenue Visibility
Broad-Based ARR Growth Reinforces Revenue Visibility H1 2026 A growing and diversified recurring base across both brands €288.7m €252.8m 310 +11.2% at constant FX 16.0% 310 +8.9% at constant FX 16.0% 289 14.0% 14.0% 290 APIM +18.9% 290 278 278 MFT +13.5% Modular Products +13.7% 267 12.0% 12.0% 270 2
Slide 66: H1 2026 – Margin Analysis
H1 2026 – Margin Analysis H1 2026 H1 2025 H1 2026 Change Reported €m % of Rev. €m % of Rev. €m Basis Points Product revenue 304.1 82.9% 280.0 81.4% + 24.0 + 144 Services revenue 62.9 17.1% 64.0 18.6% - 1.0 - 144 Total revenue 367.0 344.0 + 23.0 Total costs of revenue 120.2 115.9 + 4.3 GROSS PROFIT 2
Slide 67: H1 2026 – Brand Contribution
H1 2026 – Brand Contribution H1 2026 H1 2025 H1 2026 Change Reported Basis €m % of Rev. €m % of Rev. €m Points Product revenue 157.2 90.1% 143.3 89.1% + 13.9 + 93 Services revenue 17.4 9.9% 17.5 10.9% - 0.1 - 93 Total revenue 174.6 160.8 + 13.8 Total costs of revenue 39.4 40.3 - 0.9 GROSS PROFIT 135
Slide 68: H1 2026 – Unlevered Free Cash Flow Bridge
H1 2026 – Unlevered Free Cash Flow Bridge H1 2026 90 80 76 Operating cash flow before NWC 70 Axway: +€7.0m | SBS: +€20.2m 60 -19 50 in €m 27 40 33 30 -8 20 10 -44 0 H1 2025 Year-on-year Other NWC Improvement in Other UFCF H1 2026 Unlevered FCF factoring effect movements operating cash flow before NW
Slide 69: H1 2026 – Cash Generation and Balance Sheet Evolution
H1 2026 – Cash Generation and Balance Sheet Evolution H1 2026 Net debt reduced to €181 million – leverage ratio improved to 1.39x 60 54 50 -4 40 -9 -6 in €m 30 20 -14 10 0 6 -15 0 Operating Inv. CF Inv. CF Fin. CF Fin. CF Fin. CF FX Net Change cash flow Capex Capitalized R&D Refinancing Treasury sha
Slide 70: H1 2026 – Balance Sheet
H1 2026 – Balance Sheet H1 2026 FY 2025 Change H1 2026 FY 2025 Change in €m in €m Accounts receivables 308.7 279.9 + 28.8 Cash & cash equivalents -64.4 -48.4 - 16.1 Other current assets 103.1 104.0 - 0.9 Financial debt 245.8 241.4 + 4.4 Accounts payables -29.3 -32.7 + 3.5 Net debt 181.3 193.0 - 11.7
Slide 71: H1 2026 – Headcount
H1 2026 – Headcount 30/06/2026 31/12/2025 Change Europe 2 903 2 965 -62 Americas 340 360 -20 Asia-Pacific 838 824 14 Middle East & Africa 446 422 24 TOTAL 4 527 4 571 -44 71
Slide 72: 74Software
74Software |