For the first nine months of its 2022 financial year (running from 1 January to 30 September 2022), Visiativ recorded consolidated revenue of €158.0m, up 18% relative to the year-earlier period. Organic1 growth stood at 9%.
Nine-month revenue in the SOFTWARE business, which includes all software sales, stood at €94.5m, up 17% (9% in organic terms). Revenue in the CONSULTING business, which includes all services provided, totalled €63.4m, showing robust growth of 20% (9% in organic terms).
Nine-month revenue from recurring businesses (multi-year contracts, software maintenance and software subscriptions), which represented 64% of revenue at end-September, was up 20% (+12% on a constant scope and exchange-rate basis1).
In the wake of the first half performance, growth momentum remained particularly robust outside France with revenue up 53% over the period, with 26% organic growth. International business also enjoys higher profitability levels and now accounts for 36% of revenue compared with 27% in the year-earlier period.
Visiativ confirms its EBITDA target of €30m for 2023.
