SimCorp Interim Report Q2 2023
SaaS transformation drives sustainable business growthKey highlights · In Q2 2023, SimCorp generated double-digit growth across all revenue metrics for the second consecutive quarter. SimCorp signed three SaaS conversion deals and two new SimCorp Dimension clients in the quarter leading to 77.3% organic SaaS growth. The forward-looking Annual Recurring Revenue (ARR) growth continued to accelerate and was 13.6% by the end of Q2, measured in local currency. · Ratable revenue increased by 20.4% in Q2 2023 and 16.8% in H1 2023 compared to the same period in 2022. The development is