Full-year 2023 revenue: €277.2m, up 7%

• SOFTWARE: SaaS subscriptions for 2023 up significantly, +69%
• CONSULTING: full-year growth of +14%, of which +6% organic
• International: sales of €100m, representing 36% of Group business

Visiativ turned in a Q4 2023 with consolidated revenue of €104.1m, up +3%, setting a new quarterly sales record for the Group.

At the end of FY 2023, revenue was notably driven by momentum in the CONSULTING business (+12% of which +5% organic in Q4) and the continued gradual shift in the SOFTWARE sales model, which aligns with the SHIFT5 strategic plan and is reflected in the 77% increase in SaaS subscription sales (+64% organic) in Q4.

For the entire FY 2023, Visiativ’s consolidated revenue came out at €277.2m, up +7% (stable in organic terms), posting increases of +14% for the CONSULTING business and +4% for the SOFTWARE business, with SaaS subscriptions up +69%.
ARR SaaS subscriptions totalled €40.1m at 31 December 2023, versus €27.4m one year prior, representing a year-on-year increase of +46% (+35% organic).

Bolstered by the growth momentum in SaaS subscriptions, recurring business (+11% in 2023) now accounts for 70% of full-year revenue, an all-time record, which represented 75% in Q4 alone.

Lastly, on the back of the CONSULTING performance, international business continued to grow at a brisk pace, up +9% to break the €100m full-year revenue barrier and accounting for 36% of the Group’s total revenue.