IFS announces outstanding 2024 financial results driven by increase in demand for Industrial AI
IFS surpasses €1 billion ARR reinforcing the company’s position as the global leader in Industrial AILondon, UK, January 23, 2025 – IFS, the leading provider of enterprise cloud and Industrial AI software, today announces its strongest ever financial performance, for the year ending December 31, 2024. Sustained organic global growth fueled by demand for Industrial AI has driven Annual Recurring Revenue (ARR) to exceed €1 billion, with total revenue for the year at €1.228 billion. IFS FY2024 Key Results: ·Annual Recurring Revenue increased by 32% YoY ·Cloud Revenue