IFS delivers 38% YoY revenue growth with sharp rise in demand for its AI capabilities
· Mix of Cloud revenue up 55% YoY and ARR up 55% YoY signal robust forward performance. · Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.London, UK, July 25, 2023 – IFS , the global cloud enterprise software company, today announced its financial results for the first half of 2023 ending June 30[th], with annual recurring revenue up a significant 55 percent year on year, cloud revenue up 55 percent and software revenue up 44 percent representing a 79 percent share of total revenue. Despite the continued challenges posed by high