OTRS AG Continues to Drive Forward Modernization of Products and Structures in the First Half of 2024 - Market Environment Burdens [Yahoo! Finance]
FRESENIUS SE S/ADR (FSNUY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Decline in Revenue and Cost Increases Burden Earnings Development Forecast for the Year Slightly Reduced OBERURSEL, Germany - NewMediaWire ) - October 31, 2024 - OTRS AG (ISIN: DE000A0S9R37 ), the manufacturer and world's largest service provider for the service management suite OTRS , closed the first half of the 2024 financial year with declining revenue and earnings figures as expected in a persistently challenging market environment characterized by investment restraint. Overall, revenue decreased by 6.4% year-on-year to EUR 5,877 thousand (first half of 2023: EUR 6,278 thousand). The main reason for this development was the significant decline in revenues from consulting services to EUR 291 thousand (first half of 2023: EUR 667 thousand). As a result, other revenues (non-recurring revenues) fell by 56% from EUR 672 thousand to EUR 296 thousand. By contrast, recurring revenues, including annual contracts with access to OTRS software in various forms and security, software upd
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