The Sweden-based company said this week revenue for the most recently ended period was about $259.8 million, up 38 percent year-over-year. Software revenue rose 44 percent fo approximately $204.8 million. IFS said it had a strong performance in all markets and all products. It saw strong “demand IFS is seeing for cloud technology across FSM, PSO, ERP and ESM from large asset-centric companies.” The company cited enterprise asset management as a strong growth driver. Recurring revenue was roughly $194 million, an increase of 48 percent over a year ago.