SimCorp Interim Report Q1 2023
Accelerating growth momentum in the first quarter of 2023Q1 2023 highlights · In Q1 2023, SimCorp accelerated its growth momentum across all revenue metrics. Forward-looking Annual Recurring Revenue (ARR) grew by 12.6% in local currency compared to ARR by the end of Q1 2022. Ratable revenue amounted to EUR 142.3 million in Q1 2023, reflecting local currency growth of 11.8%. · Reported revenue was EUR 136.3 million in Q1 2023 (Q1 2022: EUR 114.7 million), equivalent to an increase of 18.8% in reported terms and 18.6% when measured in local currencies. EBIT excluding special items was