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2024 Q3 Update
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2024 H1 Update
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2024 Q1 Update
Financial summary
Financial highlights for Q3 FY2024:
- Annual Recurring Revenue (ARR) increased by 30% YoY
- Software revenue showed a strong 20% YoY growth
- Customers adopting IFS Cloud in Q3 2024 grew 71% YoY helping to drive 46% YoY growth in Cloud Revenue
Message from the CEO
“Our Q3 results reflect IFS’s commitment to solving critical industry challenges through Industrial AI. IFS.ai is driving the next industrial revolution, and our continued growth is testament to the value we’re delivering to customers and partners alike.
IFS’s clear vision is to become the undisputed category leader in industrial software. This latest financial performance shows we are on the right track to make this vision a reality.”
Mark Moffat
Chief Executive Officer
IFS
Financial summary
Financial highlights for H1 FY2024
- Annual Recurring Revenue (ARR) up 24% YoY vs. H1 2023
- Cloud Revenue up 20% YoY vs. H1 2023
- Software Revenue now represents 82% of total revenue
Message from the CEO
“I am immensely proud of IFS's dedication to maintaining our trajectory of robust growth and focused market leadership. Our sustained double-digit growth, especially in an unpredictable macroeconomic environment, is the result of our unwavering commitment to delivering exceptional value to our customers, which allows us to continually outperform market benchmarks. Annual Recurring Revenue signals the trajectory of our business moving forward, so to see this increase again by 24% is hugely positive and reflects the hard work of our team and effectiveness of our partners to drive value for customers. The investments we are making today will drive long-term success and solidify IFS's position as a leader in the industry for years to come. Our performance is not a one-time achievement. It is further illustration of our consistent long-term growth, which is a great sign of our solid fundamentals and reliability for investors. With 26 consecutive quarters of delivering to budget, we are proving that our growth is sustainable and built on a strong foundation.”
Mark Moffat
Chief Executive Officer
IFS
Financial summary
Financial highlights for Q1 2024
- Annual Recurring Revenue (ARR) up 26% versus Q1 2023
- Cloud Revenue up 20% YoY versus Q1 2023
- Software Revenue growth up 19% YoY versus Q1 2023
*Note: all figures based in Euros and reported in constant currency.
Message from the CEO
“In my first 100 days as CEO, I have met with over 100 customers around the world, and they consistently tell me that our customer-centric approach is a key differentiator, especially in a world where we see our competitors peddling their own agenda over that of their customers’.
“Our Q1 results are the continuation of our relentless focus on what makes us successful: listening to and delivering value to our customers. It’s also what enables us to outperform the market quarter after quarter. Our customer focus is not only ingrained in our culture, but it also extends across our partner ecosystem and the work they deliver alongside us.”
Mark Moffat
Chief Executive Officer
IFS
Informations financières récentes
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2023
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2022
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2021
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2020
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2019
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Résultats Q4
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Résultats Q3
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Résultats intermédiaires S1 / Q2
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Résultats Q1
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Résultats Q4
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Résultats Q3
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Résultats intermédiaires S1 / Q2
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Résultats Q1
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Résultats Q4
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Résultats Q3
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Résultats intermédiaires S1 / Q2
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Résultats Q1
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Résultats Q4
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Résultats Q3
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Résultats intermédiaires S1 / Q2
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Résultats Q1
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Résultats Q4
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Résultats Q3
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Résultats intermédiaires S1 / Q2
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Résultats Q1