Estimated reading time: 0 minutes, 35 seconds

IFS REVS RISE 28 PERCENT Featured

 Revenue for ERP software reached about $823 million for the year ended December 31. That was up 19 percent year-over-year for the Sweden and London, England-based vendor.

The company this week said cloud revenue growth jumped by 80 percent with both new customers and existing customers subscribing to IFS Cloud., which was introduced late in 2021. Software revenue grew 28-percent to roughly $647 million. IFS said this was the fifth-straight year of double-digit revenue growth. The company noted that year marked the launch of the new partner program, Partner Success, in the first quarter and a March investment of undisclosed size by HG Capital, which became “a significant minority investor”. IFS’ partner system grew by 65 percent with participation in more than 50 percent of implementation.

Read 513 times
Rate this item
(0 votes)

Visit other PMG Sites:

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.