Quarterly Report, Q4 2019: Visma delivers 22 percent increase in revenue as the strong growth in cloud computing continues
Q4 2019 was once again an excellent quarter for Visma, with continued top-line revenue growth and profit growth. Total revenue grew 21,9 percent to reach NOK 4 197 million, while EBITDA grew 24,3 percent to NOK 1 149 million. Growth by division Each of Visma’s four core divisions delivered double-digit revenue growth year-on-year in Q4. The SMB Division grew revenue by 17 percent, Enterprise by 11 percent, Custom Solutions by an impressive 53 percent, and Commerce Solutions by 25 percent compared to the fourth quarter one year ago. Continued cloud growth Annualised Cloud revenue