Year to date (January - December 2018)
- License revenue amounted to USD 133 million ('17: USD 109 million),
an increase of 22 percent.
- Maintenance revenue was USD 189 million ('17: USD 167 million),
an improvement of 13 percent.
- Consulting revenue amounted to USD 219 million ('17: USD 200 million),
an increase of 10 percent.
- Cloud and SaaS revenue was USD 60 million ('17: USD 15 million),
an increase of 300 percent.
- Other revenue was USD 6 million ('17: USD 2 million),
an increase of 200 percent.
- Net revenue totaled USD 606 million (‘17: USD 494 million),
an increase of 23 percent.
Since I joined IFS in early 2018, I’ve seen the entire company rally around our vision for a future guided by our customers.
IFS has been on a mission to partner with the challenger customers of the world. Challengers are not afraid to try new approaches, new technologies, and new business models. Challengers are the companies who keep a market on its toes. IFS is for the challengers, our customers.
Throughout the last year, we installed a world-class global leadership team, we created a more globally-structured business, and we brought 5 key products to market designed to address the needs of customers in our focus industries. These are just a few of the initiatives undertaken to support the success of our customers.
Today we are announcing our financial performance for 2018, revealing the fastest total revenue growth in company history. In fact, we outpaced industry growth 3-fold. Our cloud & SaaS revenues saw an increase of +300%, demonstrating our insistence on offering customers choice versus forced migration, was also well received. Our EBITDA increased by 27% YoY to 21%, indicating the business is stable and growing profitably.
I have no doubt: None of these results would have been possible without the trust of our 10,000+ intrepid challenger customers, and our global workforce of 3,500 people devoted to serving them.
As we move into 2019, we are continuing to invest in making our software easier to use, quicker to deploy, and with an overall TCO lower than our competitors. An ever-present commitment of ours will be to provide sensible software solutions for our valued customers.