SimCorp Q1 2023 Trading Update
Accelerating growth momentum in the first quarter of 2023Q1 2023 financial highlights · In Q1 2023, SimCorp accelerated its growth momentum across all revenue metrics. The growth was driven by the signing of two new customers as well as expansions with current customers, including signed conversions from on-premise to SaaS for two clients. · SimCorp generated reported revenue of EUR 136.3 million in Q1 2023 (Q1 2022: EUR 114.7 million), equivalent to an increase of 18.8% in reported terms and 18.6% when measured in local currencies. The reported growth was driven by 84% SaaS revenue