In a prepared statement, The Sweden-based ERP vendor pointed a broad improvement in performent.“We saw very healthy double-digit growth in all our regions, with a notable outstanding performance in our North American and APJ, ME&A region," CFO Matthias Heiden said in a preparerd statement. The privately held company does not report earnings. IFS said it achieved annual recurring revenue of 1 million Euro, roughly $1.1 billion. IFS pointed to the importance of its channel in increasing revenue saying 50 percent of deals involved a partner and that 35 percent of partner deals involved subscription sales. Partners accounted for 40 percent of license revenue deals of companies with revenue of 200 million Euros to 500 million euros. The IFS partner program is heavy on large consulting firms, and systems integrators, such as Accenture, Capgemini and Tata Consultancy, and includes accounting firms BakerTilly CohnReznick, Deloitte, and PwC, along with ISVs such as Avalara, Oracle and Vertex.