IFS delivers exceptional first quarter performance with ACV bookings up 78% and recurring revenue up 45%
· Surge in demand for cloud pushes Q1 cloud revenue up 67% year on year · Share of recurring revenue now at 70% of total revenue · Software revenue growth is up 25% year on year · Investment from Hg in IFS & WorkWave at a value of $10bn reinforces differentiated positioning and market opportunityLondon, UK, April 26, 2022 – IFS , the global cloud enterprise software company, today announced its financial results for the quarter ending March 31, 2022 with ACV (annual contract value) bookings up 78% year on year and recurring revenues up a significant 45% year