Growth of the Licenses installed base
Cyclical downturn in Services
Growth in Europe and consolidation in Asia
Sales transformation phase
Commenting on the first-quarter results, Alain de Rouvray, Chairman and Chief Executive Officer of ESI Group, said: "First-quarter revenue figures, which are not generally much of an indicator for the rest of the year, came out stable, reflecting growth in recurring revenue from the installed base and a cyclical downturn in Services. The relative stability of the revenues must be viewed in the context of the challenging base effect due to exceptional performance of Japan
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