IFS announces best Q1 results in company history with 26% increase in ARR YoY and 20% increase in Cloud revenue YoY
New CEO visits 100 customers in first 100 daysLondon, April 25, 2024 – IFS , the global cloud enterprise software company, today announced its financial results for the first quarter ending March 31, 2024. The results reflect the best start to the year in company history – an early victory for new CEO Mark Moffat, who was appointed on January 9th, 2024. Summary of Q1 results: · Annual Recurring Revenue (ARR) up 26% YoY · Cloud Revenue up 20% YoY · Software Revenue growth up 19% YoY A steadfast customer focus positions IFS as the