IFS delivers exceptional first quarter performance with ACV bookings up 78% and recurring revenue up 45%
* 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 oppor...
Cultural misalignment and poor vendor advice among top reasons for digital transformation derailment, IFS study finds
LONDON, Sept. 9, 2020 /PRNewswire/ -- As digital transformation spend is increasing around the world, businesses look for technology vendors whose ethics (29 percent) and culture (23 percent) align with their own. Interestingly, these considerations trump innovation in the ranking of desirable t...
IFS Reports Strong H1 Financial Results: for the first time >50% of total revenue came from Field Service Solutions
LONDON, July 21, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the first half of 2020 that endedJune 30, 2020. The results validate IFS's business strategy, which delivered a 26% growth in software revenue. In the midst of the mos...
Panasonic Ensures Customer Experience Consistency With IFS Remote Assistance
LONDON, July 20, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, announces thatPanasonic Appliances Air-Conditioning Europe, a leading provider of heating and cooling solutions, has chosenIFS Remote Assistance™, to enable installers, field technicians, engineers and customer...
IFS Outpaces the Market in 2019 With Unrivaled 32% Growth in Both License Revenue and EBITDA
LONDON, Jan. 29, 2020 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the full year endedDecember 31, 2019. In a year where industry veterans Oracle, SAP and Infor made changes to their executive leadership and experienced modest growth ...
Outstanding Performance Continues: IFS reports 67% Increase in License Revenue and 69% Adjusted EBITDA Growth
LINKÖPING, Sweden, April 24, 2019 /PRNewswire/ -- IFS, the global enterprise applications company, today announced its financial results for the first quarter that endedMarch 31, 2019. IFS CEO Darren Roos commented, "Our customer obsession continues to drive our financial results as we once more...
