NEW YORK and PARIS, May 03, 2022 (GLOBE NEWSWIRE) -- First quarter revenue amounted to €8.8 million, nearly same as in 2021, reflecting unfavorable comparison to Q1 2021, which was marked by a major transaction with a System Integrator amounting to nearly 20% of Q1 2021 software revenue. In addition, more than 90% of new business in the quarter was conducted on annual subscription or short-term license basis, in order to gradually increase the share of recurring revenue and thereby fuel future revenue growth.

SaaS revenue continues to accelerate, up 53% compared to Q1 2021. Services revenue grew by 11%.

It should be noted that recurring revenue from existing clients, meaning renewals of short-term licenses and 12-month SaaS subscriptions plus software upgrades related to existing licenses, represents 39% of the total first quarter revenue.

Software sales (SaaS subscription orders and software licenses) for the quarter represent €4.2 million, of which nearly €1 million are expected as additional recurring revenue, 60% coming from partners.

The United States represents 65% of the total, Europe represents 26% and Asia represents 9%.

CAST re-iterates its 15% revenue growth target for the full year 2022. Within 5 years, CAST expects annual revenue to double, where over 50% is recurring and the operating margin is 15 to 20%.

About CAST CAST is the software intelligence category leader. CAST technology can see inside custom applications with MRI-like precision, automatically generating intelligence about their inner workings - composition, architecture, transaction flows, cloud readiness, structural flaws, legal and security risks. It’s becoming essential for faster modernization for cloud, raising the speed and efficiency of Software Engineering, better Open Source risk control, and accurate technical due diligence. CAST operates globally with offices in North America, Europe, India, China. Visit www.castsoftware.com.

Markets have well and truly changed direction from last year’s bullish trends. The downward shift has brought us a major selloff, and declines of 27% and more in the tech-heavy NASDAQ index. For investors, it’s a situation that requires a close watch on the markets, and clear eye for the opportunities that will pop out as conditions change. It’s also a situation in which investors can use expert advice. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, tells investors that when the

There's no question that many investors are fearful as a result of the stock market's volatility. Here are three stocks that Buffett is betting on big time right now. Chevron (NYSE: CVX) was one of them.

A cryptocurrency crash has already wiped out $600 billion in digital asset market value over the past week. With the declines in crypto outpacing those in stocks, Bitcoin may actually be a bellwether for capitulation among investors—that point when the market can really find a bottom, according to analyst Barry Bannister at Stifel. “We monitor several factors which we believe will mark the capitulatory low for stocks,” Bannister said in a Wednesday note.

Yahoo Finance Live's Emily McCormick checks out Affirm's Q3 earnings report.

MoneyLion reported earnings results and Upstart and Affirm appear to be recovering after an intense sell-off this week.

In this article, we discuss the 10 stocks that Cathie Wood doubled her stakes in 2022. If you want to read about some more stocks that Wood is doubling down on, click Cathie Wood Doubled Her Stakes in These 5 Stocks in 2022. Cathie Wood of ARK Investment Management has seen her growth-heavy portfolio steadily […]

With its stock down 36% over the past three months, it is easy to disregard NVIDIA (NASDAQ:NVDA). But if you pay close...

Shopify (NYSE: SHOP) popped 11% on Thursday after members of its leadership team said they were purchasing shares. Shopify's sales skyrocketed during the early stages of the pandemic when coronavirus fears and store closures drove more people to shop online. The slowdown has sparked a wave of selling of Shopify's shares.

Lordstown Motors (NASDAQ: RIDE) stock is absolutely crushing the markets today. Lordstown Motors, which is on the verge of bankruptcy, was just thrown a lifeline, and the market now can't seem to keep its hands off the penny stock. Just earlier this week, Lordstown Motors shares crashed after the company warned it may not be able to close its deal with Taiwanese electronics-giant Hon Hai Precision (OTC: HNHPF), better known as Foxconn.

Yesterday, shares of semiconductor specialist Nvidia (NASDAQ: NVDA) got hit on a widespread sell-off of cryptocurrency tokens -- and fears the sell-off would impact demand for Nvidia's graphic processing chips. The sell-off isn't quite as bad as yesterday, but it's still apparently bad enough to be costing Nvidia shares a 3.8% loss in 1:25 p.m. ET trading. Stock investors worry that if the losses don't stop soon, it might drive crypto investors away from the market... which will depress demand for cryptocurrencies... which will depress mining of cryptocurrencies... which will in turn, finally depress demand for Nvidia's graphic processing units, which in recent years have been widely repurposed for use in crypto mining.

Now that a star-crossed deal has closed, new plans are being rolled out to compete with the sector's king.

The market’s scary. But dividends can provide some comfort.

The battered S&P 500 index is not pricing in a recession, according to DataTrek Research. “At 4,000, the recession odds imbedded in S&P are close to zero,” said DataTrek co-founder Nicholas Colas in a note emailed Tuesday. The S&P 500 (SPX) a stock benchmark measuring the performance of large U.S. companies, has dropped more than 16% this year after closing Monday at 3,991.24.

Ever on the hunt for disruptive tech stocks in "deep value territory," the Bitcoin evangelist bought $29 million worth of stock in the leading U.S. crypto exchange.

(Bloomberg) -- Elon Musk’s bid to buy Twitter Inc. is facing more scrutiny in Washington following a report that the US Securities and Exchange Commission is probing whether he broke rules last month when disclosing a large stake in the social media platform.Most Read from BloombergNike Escalates StockX Feud, Says Site Is Selling Fake ShoesDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayCrypto Billionaires’ Vast Fortunes Are Destroyed in WeeksKim Orders Lockdown After North Kore

Dividend Aristocrats are great places to be when the market waters get really rough. While they still get knocked down during bear markets, their dividends tend to offer a glimmer of certainty amid turbulent times. The payouts of Dividend Aristocrats have held up during past crashes, crises, and everything in between. With growing fear that we'll fall into a bear market and recession, insisting on quality may prove a wise decision. In this piece, we used TipRanks' Comparison Tool to evaluate thr

Shares are trading below a price that investors couldn't resist before. And that is proving to be a drag on the S&P 500.

Big stock market drawdowns like the current one often end with a selling frenzy, called capitulation. “It’s a basket of things, but when they start to pile up, it gives me more confidence,” says Larry McDonald of the Bear Traps Report. While several investor sentiment opinion polls suggest extreme negativity, you don’t see the same signal when you look at what they are actually doing with their money, says Michael Hartnett, Bank of America’s chief of investment strategy.

Ford Motor Company (NYSE: F) fell on Thursday after an analyst slashed his stock price forecast for the auto giant. Wells Fargo analyst Colin Langan is worried that legacy automakers like Ford and General Motors (NYSE: GM) will see their earnings fall in the coming years, as they shift more of their production toward electric vehicles (EVs). For Ford specifically, Langan warns that the costs of raw materials needed to build EVs have surged due to supply constraints.

(Bloomberg) -- One thing to realize about a stock selloff: You won’t know it’s over until long after it ends. But that doesn’t keep people from trying to pick a bottom. Valuation, sentiment and history each form a basis for study.Most Read from BloombergSony PlayStation Staff Fume Over CEO’s Abortion CommentsCrypto Billionaires’ Vast Fortunes Are Destroyed in WeeksMore Than $200 Billion Wiped Off Cryptocurrency Market in a DayNike Escalates StockX Feud, Says Site Is Selling Fake ShoesStocks End