Solid Q4 2024: subscription bookings up 33% New record for bookings, year-over-year Strong revenue growth in 2024, up 26%, with SaaS subscriptions up 22% Consolidated expansion in Europe with the acquisition of SHS ViveonRevenue up 36% in the United States65% of revenue in international markets Sidetrade rises to the Top 15% in EcoVadis ratings Sidetrade, the global leader in AI-powered Order-to-Cash applications, announces 26% revenue growth for the 2024 fiscal year.
Figures aside, this dynamic confirms three structural trends that will propel Sidetrade’s trajectory in the months and years ahead.1/ Our technological lead in AI, now boosted by generative AI capabilities, positions us to secure very large global accounts.2/ Sidetrade is firmly establishing itself as the go-to partner for multinational companies, with a 44% growth in subscriptions from companies with revenue exceeding €2.5 billion and nearly 80% of total subscription revenue coming from those generating over €1 billion.3/ The United States is and will continue to act as a vigorous growth driver for the Group, registering nearly half of the year’s bookings (46%) and with impressive revenue growth (+36%).
Strong revenue growth in 2024, up 26%, with SaaS subscriptions up 22% Sidetrade (€m) 2024 2023 Change SaaS subscriptions 45.5 (1) 37.3 +22% Revenue 55.0 (2) 43.7 +26% (1) includes €3.0m in recurring revenue from SHS Viveon(2) includes €4.4m in revenue from SHS Viveon In 2024, Sidetrade achieved annual revenue of €55.0 million, representing a year-over-year increase of 26% and up 16% on a comparable basis (excluding the acquisition of SHS Viveon completed in June 2024), which is underpinned by solid internal momentum.
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