Revenue for the 2022 financial year
- Organic growth of +9.7%
- Strong growth of +85% in subscription sales
- +23% increase in recurring revenue
COHERIS, a leading French publisher of CRM (customer relationship and intelligence management) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications), today announces its revenue for the 2022 financial year.
| In €m, IFRS, under audit | 2022 | 2021 | WAS |
| Turnover | 12,7 | 11,6 | +9,7% |
In 2022, COHERIS records a business turnover[1] of €12.7 million, up +9.7% compared to 2021.
This growth is driven by another strong increase of +85% in subscription sales (annual licences), now representing 36% of total revenue. This performance reflects the success of the change in software distribution model made by the company in recent years towards cloud mode.
Associated with this strategic repositioning, sales of perpetual licenses, which no longer contribute significantly to revenue (less than 1%), as well as maintenance revenue represent 29% of revenue as of December 31, 2022.
Revenue relating to the provision of services amounted to €4.3 million, stable compared to 2021 and represented 35% of revenue as of December 31, 2022.
Finally, the stock of recurring revenue on an annual basis (ARR[2]) amounted to €9.6 million, up +14.4% compared to December 31, 2021.
Next release: 2022 annual results, March 29, 2023, after market close
About COHERIS
Reference publisher of CRM solutions (customer relationship and intelligence management) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications).
More than 500 companies, from SMEs to multinationals, have already placed their trust in COHERIS in more than 80 countries. COHERIS relies on integrator partners and its own experts to offer its customers operational, analytical and predictive solutions to improve their performance.
COHERIS has been listed on compartment C of Euronext Paris since June 30, 1999 (ISIN: FR0004031763 / code: COH).
More information on https://corporate.coheris.com.
CONTACTS
| Contact Coheris Jean-Francois Menager Group Deputy General Manager T +33 (0)1 57 32 60 60 jfmenager@coheris.com |
Contact Actifin Financial communication Alexandre Commerot T +33 (0)1 56 88 11 11 acommerot@actifin.fr |
[1] Business revenue is exclusive of intra-group re-invoicing
[2] Annual recurring revenues
