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,

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.

Read 174 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.