Orbus Software Accelerates with 56% SaaS Platform Growth in 2023
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목요일, 2월 1, 2024
Enterprise transformation platform provider Orbus Software , today announced it has met its forecasted annual recurring revenue (ARR) target for 2023, achieving 30% year-on-year growth.
Key Points:
- Enterprise transformation platform provider Orbus Software , today announced it has met its forecasted annual recurring revenue (ARR) target for 2023, achieving 30% year-on-year growth.
- The ARR of the company’s flagship product and software-as-a-service (SaaS) platform OrbusInfinity grew by 56% in 2023, which is 26 times greater than its value in December 2020.
- This key milestone enabled Orbus to hit profitability in Q3 2023, a quarter earlier than planned.
- Throughout 2023, Orbus maintained its net revenue retention rate of 112% from 2022 and increased cloud customer retention from 96% in 2022 to 97% in 2023.