That was an increase of 4.4 percent over last year’s corresponding period. The company said the uptick in subscription income was helped by a “continuing strong performance of YayPay and a promising start of newly-acquired Beanworks.” Quadient purchased Beanworks in March. Subscriptions now represent. 70 percent of ICA’s revenue. The results were tempered by a 55.8-percent drop in license and hardware sales, which comprise 8 percent of the ICA total. Income from professional services, 22 percent of the total, increased by 27 percent. Company revenue reached $300.6 million period, an increase of 3 percent; up 8 percent in constant currencies and 11.1 percent organically. The company’s other units are mail-related solution that contributed 70 percent of revenue and parcel locker solutions that chipped in 9.7 percent. ICA was 19.5 percent of the total for the quarter.
Estimated reading time: 0 minutes, 51 seconds
SUBS DRIVE QUADIENT S'WARE UNIT SALES Featured
Quadient’s software products, which includes Beanworks and YayPay, experienced a 21.4-percent rise in subscription revenue for the first quarter ended March 31. Those products are included in Quadient’s Intelligent Communication Automation unit which had revenue of about $53.7 million for the most recently ended quarter,