Revenue for the quarter was EUR 187 million, registering a decrease of 9% from EUR 206 million the same period last year. Gross profit went down by 9%, reaching EUR 137 million from EUR 151 million in Q1 2017 and net income grew by 10% year over year from EUR 27.3 million, reaching EUR 30 million.

By segments, revenues from Licenses went down by 24% to EUR 34 million, those from Maintenance decreased by 4% to EUR 102.4 million SaaS/Usage Based doubled equaling EUR 3.75 million, Services declined by 12%, totaling EUR 46.1 million and Other grew by 20% to a total of EUR 200 thousand.