IFS net revenue soars beyond $600M in 2018 on skyrocketing cloud and license sales
Enterprise software firm closes transformational year with record-breaking numbers · Cloud and SaaS revenue increase of +300% YoY · Net revenue leapt 23% YoY to $606M · License revenue up 22% YoY, driven by organic growth in the business · Maintenance revenue up 13% YoY · Consulting revenue up 10% YoY · A solid investment with profitable revenue growth: EBITDA was 21%, achieving a YoY improvement of 27% IFS , the global enterprise applications company, today announced its financial results for the full year ended December 31, 2018.