Sidetrade: Double-digit growth in SaaS recurring revenue, up 16%
October 19 2021 - 11:36AM
Sidetrade: Double-digit growth in SaaS recurring revenue, up 16%
Overall income climbed 13%
Double-digit growth in SaaS recurring revenue, up
16%Bookings intake leaps 22%Nearly 60% of orders are
international
PARIS, France – 19 October 2021 |
Sidetrade (Euronext Growth: ALBFR.PA), the AI-powered
Order-to-Cash (O2C) platform, once again announces double digit
growth in Q3 2021, SaaS revenue up 16%.
Double-digit growth in SaaS recurring revenue, up 16%
Sidetrade(million euros) |
Q32021 |
Q32020 |
Variation |
SaaS revenue |
6.8 |
5.9 |
+16% |
Overall income |
8.2 |
7.3 |
+13% |
2021 information is from consolidated, unaudited data.
Despite the third quarter traditionally being
the weakest period of the year, we saw continued double-digit
growth in Q3 2021 - a trend sustained from FY21 Q1 and Q2. In fact,
overall income rose €8.2m in 2021 Q3, up 13% against 2020 Q3.
Bookings intake leaps 22%
Q3 saw a sharp rise in new bookings which
are expected to generate €0.95m in annual recurring
revenue (ARR) vs. €0.78m in 2020 Q3; a 22% increase.
The total contract value (TCV) of these new subscriptions amounts
to €2.42m for the firm contract period (not counting
renewals).
Beyond SaaS orders, Sidetrade earned €0.63m via its services
offerings (e.g., implementation, set-up, training) vs. €0.38m
in 2020 Q3. All in all, total 2021 Q3 order intake represents an
annual contract value (ACV) of €1.58m against €1.16m in 2020
Q3 (i.e., a 36% increase).
Nearly 60% of orders are international
With new deals penned in North America including
Bunzl US, Trescal US (cross-sell), as well as Expedia and Kal Tire
(upsell), new North American contracts represent 24% of the
total this quarter, clearly sustaining the momentum developed
earlier in the year.
Also notable was Sidetrade’s continued
international expansion with prestigious groups such as Veolia
(Veolia España and Veolia Water Technologies UK), as well as the
Page Group with the roll-out of Sidetrade technology in
Asia-Pacific. Overall, international SaaS orders represented 58%
of the total this quarter, indicating Sidetrade’s enormous
growth potential for the years to come.
Next
communication2021 Annual Revenue, 25 January 2022, after stock
market closes
Investor
relationsChristelle Dhrif
+33 (0)6 10 46 72
00
cdhrif@sidetrade.com
cdhrif@sidetrade.com
Media
relationsRebecca
Parlby
+44 7824
505 584
bparlby@sidetrade.com
About Sidetrade
(www.sidetrade.com)Sidetrade (Euronext Growth: ALBFR.PA) is a
fast-growing international SaaS company unlocking customer value.
Sidetrade’s next-generation AI, nicknamed Aimie, analyzes huge
amounts of B2B customer payment behavior data to intelligently
automate the Order-to-Cash process. Based on predictive analytics,
Aimie delivers actionable recommendations in real time to enhance
retention, up-sell/cross-sell, and cash collection. Aimie is a real
gamechanger in augmented intelligence- a system whereby individuals
and machines work together faster and smarter, in complementary
ways. Sidetrade has a global reach, with 250 talented employees
based in Paris, London, Birmingham, Dublin, Amsterdam, Houston, and
Calgary, serving clients in 80 countries. Over 2,700 businesses of
all sizes in a range of industries count on Sidetrade technology to
outperform the competition. Amongst them: KPMG, Nespresso, Hearst,
Expedia, Manpower, Veolia, Inmarsat, and Bidfood,
For further
information, visit us at www.sidetrade.com and follow us on Twitter
@Sidetrade.
In case of any
discrepancy between the French and English versions of this press
release, the French version shall prevail.
- Revenue up in Third Quarter of 2021
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