IFS Reveals 48% License Revenue Increase and 20% YoY Growth
Jul 30, 2019 • Software & Apps • News • IFS • report • Finance
2019 figures shows revenue guidance increase equivalent to $711 million, representing 20% year-on-year growth.
IFS has announced its financial results for the second quarter and first half of 2019 that ended June 30, boasting a 20% YOY growth and a revenue guidance increase of 6.35 billion SEK (equivalent to US $711 million).
The upturn can in part be attributed to a number of significant deals in the first half of 2019 which have been chalked up as some of the biggest in the firm's history.
IFS Chief Executive Officer, Darren Roos suggested the firm are now looking beyond these results, commenting: “IFS is the only vendor of scale in our sector that stands on a principle of choice, providing an experience free from ultimatums. Now that we see what this IFS is truly capable of, expectations for the second half of the year remain high and I am pleased to have increased our guidance for the remainder of the year to deliver 2019 revenues of $711 million, or 6.35 billion SEK, an increase that represents a 21% increase year-on-year.”
IFS has announced its financial results for the second quarter and first half of 2019 that ended June 30, boasting a 20% YOY growth and a revenue guidance increase of 6.35 billion SEK (equivalent to US $711 million).
The upturn can in part be attributed to a number of significant deals in the first half of 2019 which have been chalked up as some of the biggest in the firm's history.
IFS Chief Executive Officer, Darren Roos suggested the firm are now looking beyond these results, commenting: “IFS is the only vendor of scale in our sector that stands on a principle of choice, providing an experience free from ultimatums. Now that we see what this IFS is truly capable of, expectations for the second half of the year remain high and I am pleased to have increased our guidance for the remainder of the year to deliver 2019 revenues of $711 million, or 6.35 billion SEK, an increase that represents a 21% increase year-on-year.”
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