Roos DarrenRevenue for IFS, an ERP vendor based in Sweden, jumped 24 percent for the first half ended June 30. The company said this week its top line was $322 million. IFS is owned by EQT Partners, which recently acquired Acumatica.

Revenue for the second quarter was $168 million, but the percent change for a year ago was not given. IFS also did not disclosed the amount of license revenue, which it said grew by 48 percent for the half. Adjusted EBITDA was 85-percent higher than in last year’s corresponding period. Executives also said Field Service Management revenue was up 119 percent, but again did not provide a total. CEO Darren Roos says IFS raised guidance for 2019 to $711 million in revenue, which would represent a 23-percent increase from 2018. 

Last modified on Thursday, 18 July 2019
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