New record in year-over-year bookings (+13% in ACV) Strong revenue growth: up 26% with SaaS subscriptions up 22% Operating margin (3) exceeds 15% of revenue (+45%) Surge in net profit to €7.9 million, up 40% Operating cash flow strongly supporting the acquisition of SHS Viveon Recognized ESG commitment: Platinum by EthiFinance and Silver by EcoVadisSidetrade, the global leader in AI-powered Order-to-Cash applications, today announces a 26% increase in revenue for 2024, with a surge in operating margin (3) of €8.4 million (+45%) and in net profit of €7.9 million (+40%).
Sidetrade (€m) 2024 2023 Change Revenue 55.0 (1) 43.7 +26% SaaS subscriptions 45.5 (2) 36.6 +22% Gross margin 43.1 35.3 +22% Operating expenses (OPEX) (34.6) (29.4) +18% Operating margin (3) 8.4 5.8 +45% as a % of revenue 15% 13% Net profit 7.9 5.6 +40% 2024 information is from consolidated, unaudited data.(1) includes €4.4m in SHS Viveon revenue(2) includes €3.0m in SHS Viveon recurring revenue(3) Operating margin corresponds to operating profit based on 2024 accounting standards in France, including the French Research Tax Credit.
Strong revenue growth in 2024: up 26% with SaaS subscriptions up 22% In 2024, Sidetrade reported annual revenue of €55.0 million, marking a 26% increase compared to the previous year, and a 16% increase on a reported basis (excluding the acquisition of SHS Viveon finalized in June 2024).
The story "Sidetrade Annual Results for 2024: Operating Margin exceeds 15% of Revenue and Net Profit up 40%" has 1459 words across 60 sentences, which will take approximately 7 - 13 minutes for the average person to read.
Which news outlet covered this story?
The story "Sidetrade Annual Results for 2024: Operating Margin exceeds 15% of Revenue and Net Profit up 40%" was covered 3 weeks ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 55 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
