Resecuring revenue was roughly $437 million, an increase of 30 percent over 2020. Software revenue about $531 million, rising 22 percent from the prior year. IFS did not disclose the actual amount of cloud revenue. During the year, it rebranded and launched the IFS Cloud. The performance of the latter was not quantified. IFS did say it had “added 181 new logos across its core industries” In June, Axios Systems, which made service management software. IFS says since then it has grown subscription bookings for its product in that space, IFS Assyst, by 236 percent year-over-year
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IFS 2021 REVS UP 14 PERCENT Featured
ERP software company IFS says revenue rose 14 percent for the year ended December 31 with cloud sales up 105 percent. IFS, a sister to Acumatica, said revenue was about $729 million for the most recently ended year.
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