Quadient surpasses €200 million in Software Annual Recurring Revenue at the end of the third quarter 2023
30 November 2023 - 8:30AM
Quadient surpasses €200 million in Software Annual Recurring
Revenue at the end of the third quarter 2023
Quadient (Euronext Paris: QDT),
a leader in helping businesses create meaningful customer
connections through digital and physical channels, announces it has
reached a significant milestone as its Software Annual Recurring
Revenue (ARR), a forward-looking indicator of future subscription
revenue, surpassed €202 million at the end of the third quarter of
the 2023 fiscal year, started on February 1, 2023.
Growth in ARR has been accelerating since 2019
with a change in business model from license to software as a
service (SaaS), resulting in the ARR nearly doubling in less than 4
years, and with subscription-related revenue increasing from 50% to
80% of total software revenue over the same period. At the end of
the third quarter, Quadient’s software delivered a strong 13.4%
annualized organic growth in ARR, demonstrating Quadient’s capacity
to continuously outperform the key players in the SaaS software
solutions market. The strength of Quadient's cloud-based solutions
comes from a differentiated go-to-market approach, with privileged
access to 440,000 Quadient customers driving a successful
cross-sales strategy and solid sales bookings in Quadient’s main
markets, France, Germany, UK and North America.
“Quadient's cloud solutions are delivering
substantial growth in ARR, placing us side by side with the most
valued software companies in the market,” commented Geoffrey Godet,
CEO of Quadient. “This performance is the result of our continued
focus on providing innovative solutions that address key customer
challenges in business and financial process automation and
digitization, from small to large organizations. Quadient's
comprehensive roadmap and vision position us as a key player in
cloud-based business solutions. I am proud of the Quadient team's
dedication to empowering businesses in their digital transformation
journey."
Quadient cloud solutions have been highlighted
in independent management consulting firm Quadrant Knowledge
Solutions’ SPARK Matrix, listing Quadient as a Leader in the
Accounts Payable, Accounts Receivable and CCM markets on a regular
basis. Quadient’s leadership has also been recently evidenced by
the solid 15th position maintained in this year’s Top 250 ranking
of French software companies.
About Quadient®Quadient is the
driving force behind the world’s most meaningful customer
experiences. By focusing on three key solution areas, Intelligent
Communication Automation, Parcel Locker Solutions and Mail-Related
Solutions, Quadient helps simplify the connection between people
and what matters. Quadient supports hundreds of thousands of
customers worldwide in their quest to create relevant, personalized
connections and achieve customer experience excellence. Quadient is
listed in compartment B of Euronext Paris (QDT) and is part of the
CAC® Mid & Small and EnterNext® Tech 40 indices. Quadient
shares are eligible for PEA-PME investing. For more information
about Quadient, visit www.quadient.com.
Contacts
Investor RelationsCatherine
Hubert-Dorel, Quadient+33 (0)1 45 36 61 39
c.hubert-dorel@quadient.comfinancial-communication@quadient.com
Media relations Joe Scolaro,
QuadientGlobal Press Relations Manager+1
203-301-3673j.scolaro@quadient.com
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