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Surge in demand for cloud pushes Q1 cloud revenue up 67% year on year Share of recurring revenue now at 70% of total revenue Software revenue growth is up 25% year on year Investment from Hg in IFS & WorkWave at a value of $10bn reinforces differentiated positioning and market opportunity LONDON, April 26, 2022 /PRNewswire/ -- IFS,...

Cloud revenue went strong at a 105% increase year-on-year despite Covid-19 headwinds

/PRNewswire/ -- IFS, the global cloud enterprise software company, today announced its financial results for the full year ending December 31, 2021. The...

- Overall share of software revenue at 73% with cloud revenue growing at 105% year on year - Recurring revenue up 30% year on year - Service Management performance up 76% year on

/PRNewswire/ -- IFS, the global cloud enterprise applications company, today announced its Q3 2021 year-to-date (YTD) financial results, ending September 30,...

Industrial asset & service proposition drives momentum with major customer wins LONDON, Oct. 26, 2021 /PRNewswire/ -- IFS, the global cloud enterprise applications company, today announced

Apr 29, 2021 IFS has announced its financial results for the first quarter to March of 2021. After a strong 2020, Q1 results point to a continuation of the growth trajectory across the entire business and specifically in recurring revenue, cloud revenue and service management revenue. The company posted triple-digit growth of its service management business at 103%, and saw some milestones. These include the launch of IFS Cloud, which was the most significant in the Company’s history. It brin...

IFSs Q1 hits significant markers with recurring revenue over 80% of software revenue, cloud revenue growth at 102% and representing over 50% of recurring revenue News provided by Share this article Share this article LONDON, April 27, 2021 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the first quarter-January to March of 2021. After a strong 2020, Q1 results point to a continuation of the growth trajectory across the entire business...

Posted January 28th, 2021 for IFS 60% increase in Cloud revenue and 43% increase in recurring revenue YoY, despite macroeconomic backdrop Recurring revenue share now 80% of software revenue Service management license revenues increase by 105% YoY London, January 28, 2021 –IFS , the global enterprise applications company, today announced its financial results for the full year ended December 31, 2020. 2020 saw widespread market disruption due to the Covid-19 pandemic. This has heighte...