EQS-News: Nemetschek SE: First Half of 2023 on Plan – Continued Strong Growth in Subscription and SaaS in Q2 2023
This is reflected in the continued very strong growth of this revenue category as well as the continued strong performance of annual recurring revenue (ARR).
- This is reflected in the continued very strong growth of this revenue category as well as the continued strong performance of annual recurring revenue (ARR).
- In the first half of the year, the growth amounted to 42.7% (FX-adjusted: 43.2%) to EUR 132.0 million (H1-2022: EUR 92.5 million).
- In Q2, Group revenue grew by 1.8% (FX-adjusted: 3.3%) to EUR 207.5 million despite the ongoing subscription and SaaS transition.
- Revenue from subscription and SaaS continued to grow at a disproportionately high rate in Q2, with a currency-adjusted growth of almost 40%.