Financial Information

2018 Q3 Update

Third Quarter (July–September 2018)

  • License revenue amounted to SKr 268 million (Q3 '17: SKr 176 million), an increase of 52 percent (43 percent in constant currency).
  • Maintenance revenue was SKr 419 million (Q3 '17: SKr 349 million), an improvement of 12 percent in constant currency.
  • Consulting revenue amounted to SKr 468 million (Q3 '17: SKr 401 million), an increase of 9 percent in constant currency.
  • Cloud and SaaS revenue was SKr 136 million (Q3 '17: SKr 17 million), a sixfold improvement in constant currency.
  • Other revenue amounted to SKr 6 million (Q3 '17: SKr 3 million), an increase of 62 percent in constant currency.
  • Net revenue totaled SKr 1,296 million (Q3 '17: SKr 946 million), an improvement of 28 percent in constant currency.

 

Year to Date (January–September 2018)

  • License revenue amounted to SKr 736 million ('17: SKr 563 million), an increase of 27 percent in constant currency.
  • Maintenance revenue was SKr 1,205 million ('17: SKr 1,053 million), an improvement of 11 percent in constant currency.
  • Consulting revenue amounted to SKr 1,351 million ('17: SKr 1,259 million), an increase of 5 percent in constant currency.
  • Cloud and SaaS revenue was SKr 380 million ('17: SKr 51 million), a sixfold improvement in constant currency.
  • Other revenue amounted to SKr 41 million ('17: SKr 14 million), a twofold increase in constant currency.
  • Net revenue totaled SKr 3,713 million ('17: SKr 2,940 million), an improvement of 23 percent in constant currency.

Read Q3 Update

When I took the helm of IFS in April, I knew an incredible journey of discovery awaited me. At a packed customer event in Stockholm just this past week, I was reminded of why a technology firm built on trust and authenticity has experienced such significant growth on the foundation of our long-term client relationships.

My team and I have set the bar higher than ever over the past few months. I am proud to say we have surpassed expectations. Despite global macroeconomic headwinds, our strong Q3 results speak for themselves.

While other European firms stand at a crossroads as the details of Britain’s exit from the EU continues to be negotiated, we outpaced our competitors.

We grew our license revenue 52% YoY with 68% coming from new customers to IFS. This was achieved by providing easy to use and quick to deploy solutions for enterprise resource planning (ERP), enterprise asset management (EAM) and service management (FSM) to our targeted industries.

We are crushing competitors in cloud services by giving customers a wider suite of solutions to choose from. This push has paid off, leading to a sixfold growth in this business and has underpinned our increase in net revenue 37% YoY.

Our confidence in the future is further reflected in our total year guidance, which is raised on the back of our strong Q3 results. Our license revenue for the full year 2018 is expected to reach 1102m SEK. That represents a growth rate year on year of 18%. We have also increased our forecasted full year profit which now represents a 28% YoY improvement.

We are not stopping there. I have made strategic appointments to the senior leadership team that will take us further, faster. Among the new hires are Chief Customer Officer Michael Ouissi and Chief Product Officer Christian Pedersen. Joining the company in November are Jane Keith, Global Head of People and Culture, and Milena Roveda, Chief Financial Officer.

Despite these changes, the company’s commitment to our core products and customers is simply unwavering. We will continue to reaffirm our standing as an industry leader in the aerospace and defense industry in addition to the field service management segment. Our pursuit of innovation through business-enabling solutions, such as the IFS IoT Business Connector, is uncompromising. Such tools allow clients to capture data that predicts, automates and analyses their processes.

We accomplished all of this in an uncertain economic environment and are only just getting started.

Looking forward to going on this ride together.

With best wishes,

Darren Roos
Chief Executive Officer

Read Q3 Update

Investor Contacts

Frédéric Guigues

Phone: +46 8 58 78 45 00

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