SoftwareOne reported first-half 2026 revenue growth of 7.8% on a comparable combined basis to CHF818.3 million, equivalent to an 11.6% increase at constant currency exchange rates. The Swiss IT services provider attributed the growth to synergies from its July 2025 acquisition of Norwegian rival Crayon.
Adjusted earnings before interest, taxes, depreciation and amortization rose 31.7% to CHF203.8 million, lifting the adjusted EBITDA margin to 24.9% from 20.4% a year earlier. Adjusted net profit nearly doubled to CHF70.6 million, up from CHF29.6 million in the prior-year period. The figures reflect a combined basis as if the Crayon acquisition had occurred at the start of 2024.
All three business segments contributed to the revenue increase. Software & Cloud Channel surged 35.6% on a currency-adjusted basis, while Software & Cloud Services grew 17.4% and Software & Cloud Direct advanced 1.5%. North America led regional performance with an 8.6% sales increase, driven by a near-doubling of Channel business results.
Crayon integration is largely complete, with run-rate cost synergies reaching CHF100 million in Q2. Additional synergies of CHF5-10 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 the second half are projected at approximately CHF20 million.
SoftwareOne is restructuring its leadership, consolidating regional operations under three Regional Presidents starting September 1. Regina Manfredi will lead the Americas, Rico Andreoli will oversee EMEA and Varun Paliwal will remain responsible for APAC. Guðmundur Aðalsteinsson joins as Chief Channel & Ecosystems Officer, with all four executives joining the executive committee. Oliver Berchtold, former COO, is departing the company.
The company reaffirmed its 2026 guidance, targeting mid-to-high single-digit currency-adjusted revenue growth, an adjusted EBITDA margin above 23% and cash conversion exceeding 60%. Longer-term, SoftwareOne aims for average annual revenue growth in the high single digits through 2030, alongside an EBITDA margin of over 28%.
