IFS CEO Darren Roos said in a prepared statement said results “massively” outpaced the market. IFS translated overall revenue to dollars but did not translate the components in its official announcement. The announcement said that there was a 67-percent increase in license revenue. There must be a difference in terminology here as IFS also said, “more net-new IFS customers chose to deploy their IFS solutions in the cloud than ever before.” In any event, License revenue was approximately $31.3 million. Maintenance revenue was about $47.5 million, up 17 percent over last year’s corresponding period while consulting revenue of roughly $54.3 million increased 25 percent over a year earlier. The company also said it had a 67-percent increase in EBITDA.
Estimated reading time: 0 minutes, 46 seconds
IFS REVENUE JUMPS 29 PERCENT Featured
IFS reported this week new customers drove its revenue for the first quarter ended March 31 up 29 percent from last year's corresponding period to $154 million. The Sweden-based software company said it had a “massive influx of new customers across the globe”.
Most Read
-
-
May 22 2017
-
Written by mark
-
-
-
May 22 2017
-
Written by BobWScott
-
-
-
May 19 2021
-
Written by BobWScott
-
-
-
May 25 2016
-
Written by mark
-