Robust growth in bookings €3.98 million in New Annual Contract Value (ACV): up 117%With €1.85 million in SaaS bookings (ARR): up 108%And €2.13 million in Services bookings: up 127%Surge in the United States, now representing 60% of total bookings Strong revenue growth, up 20%, with SaaS subscriptions up 20% Buoyant revenue growth in the United States: up 40% Double-digit growth in sales confirmed for 2024 Sidetrade, the global leader in AI-powered Order-to-Cash applications, today announces that it has doubled bookings with a 20% increase in revenue for the first quarter of 2024, with SaaS subscriptions up 20%.
Overall, the first-quarter 2024 performance reflects the upward trend in bookings observed during the 2023 fiscal year, further validating the relevance of the Company's strategic decisions, namely: 1/ a business strategy kick-started twenty-four months ago, with a focus on companies generating $1 billion-plus revenue, 2/ an increased recognition by multinationals of Sidetrade's technological edge in AI, particularly in the United States, and 3/ the development of a comprehensive Order-to-Cash software suite, resulting from a strategy of continuous innovation.
Robust growth in bookings: ACV up 117% Sidetrade (€m) Q1 2024 Q1 2023 Change New SaaS subscriptions (New ARR) 1.85 0.89 +108% Services bookings 2.13 0.94 +127% New Annual Contract Value (ACV) 3.98 1.83 +117% 2024 information is from consolidated, unaudited data.
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