SoftwareOne reported strong first-half results on Wednesday, posting double-digit revenue growth and a sharp increase in profitability as investors reacted with a 13% share-price jump. The IT services provider’s shares rose to CHF 9.75 by 09:40 CET, outpacing the broader Swiss Performance Index, which gained 0.4%. The stock briefly touched a new 52-week high at CHF 9.80.
On a like-for-like combined basis, revenue rose 7.8% to CHF 818.3 million, or 11.6% at constant currency. The company attributed the growth to operational leverage and synergies from its July 2025 acquisition of Norwegian rival Crayon. Adjusted EBITDA increased 31.7% to CHF 203.8 million, while the adjusted EBITDA margin expanded to 24.9% from 20.4%. Adjusted net profit more than doubled to CHF 70.6 million, up from CHF 29.6 million a year earlier.
All three business segments contributed to the growth. Software & Cloud Channel led with a 35.6% year-over-year increase at constant currency, followed by Software & Cloud Services at 17.4% and Software & Cloud Direct at 1.5%. North America was the standout region, with sales up 8.6%, driven by a near-doubling of channel business results.
Integration of Crayon is largely complete, with run-rate cost synergies reaching CHF 100 million in Q2. Additional synergies of CHF 5–10 million are expected in H2, though some projects—including IT systems, legal structures and processes—will continue through the end of 2027. Integration costs for H2 are projected at around CHF 20 million.
SoftwareOne also announced a new executive structure, effective September 1, consolidating its regional operations under three regional presidents: Regina Manfredi for the Americas, Rico Andreoli for EMEA and Varun Paliwal for APAC. Guðmundur Aðalsteinsson will join as Chief Channel & Ecosystems Officer. Oliver Berchtold, former COO, is leaving the company. The changes aim to clarify accountability and shorten decision-making.
For 2026, the company reaffirmed guidance for mid-to-high single-digit currency-adjusted revenue growth, an adjusted EBITDA margin above 23% and cash conversion exceeding 60%. Longer-term, SoftwareOne targets average annual revenue growth in the high single digits through 2030, alongside a reported EBITDA margin of over 28%.
