IFS reports industry leading results with 33% software revenue growth for 2023

IFS United Kingdom

Recurring Revenue up 35% YoYCloud revenue up 46% YoY as new and existing customers move to IFS cloud.  in 2023, with updates enabling customers to enhance business agility and build resilience.In May, June and October, IFS held 9 global IFS Connect events with over 3,000 local prospects, customers, and partners in attendance.In June, IFS acquired Poka, the market-leading Quebec-based provider of a connected worker platform.In October IFS added extra capabilities to https://www.ifs.com/ifs-ai.In November, IFS launched the second of its twice-yearly IFS Cloud releases.IFS began several landmark brand partnerships, including a strategic partnership with AJ Foyt in June and was named the first-ever official technology partner of the Big Ten Conference in October.Throughout 2023 IFS appointed several key executives across its global operations, including Matthias Heiden as CFO, Belinda Finch as CIO,Max Robberts as COO.

     Additional highlights: 

IFS added 243 new logos globally and across its core industries, including Mattr, NOTE AB, Havfram, Tele2 AB, Van Oord, TÜV NORD, Stannah Lifts, Enercare, My Dentist and City of Tallahassee.The IFS partner Ecosystem delivered some equally strong results with a 10% growth YoY in partner contribution to 41%. The impact was seen in our Net New business as well as in pipeline growth and number of deals closed by partners with North America and APJ, ME&A regions leading across multiple KPIs.IFS is also extending its partnerships with Global System Integrators with a particular focus on strategic markets: Accenture for Utilities & Resources, Telco, Arcwide for Manufacturing, Services, Construction & Engineering, Capgemini for Construction & Engineering, Manufacturing, Energy, Utilities & Resources, and PwC for Energy, Utilities & Resources, Construction & Engineering IFS extended its leader status in several core areas:      IDC MarketScape: Worldwide Field Service Management Solutions, 2023-2024 - IFS a LeaderIDC MarketScape: Worldwide Service Life-Cycle Management Platforms 2023–2024 – IFS a LeaderGartner Voice of the Customer for Cloud ERP for Product-Centric Enterprises – IFS a Customers' ChoiceIDC MarketScape: Worldwide Field Service Management Solutions for Utilities, 2023-2024 - IFS a LeaderIDC MarketScape: Worldwide Service Parts Planning Applications, 2023 – IFS a LeaderNucleus Research Enterprise ERP Value Matrix – IFS a LeaderIFS collected a significant number of awards:        Business Intelligence Awards: Sustainability Winner, March 2023, Business Intelligence Awards: Artificial Intelligence Award Winner, March 2023, HotTopics 100 CMOs: Oliver Pilgerstorfer,March 2023, Eventex Conference Award: Unleashed, May 2023, Eventex B2B Event Winner: Unleashed, May 2023, The Software Report: Top Software Company 2023, August 2023, ERP Today Awards Outstanding Leadership: Mark Moffat, September 2023, Future Enterprise Awards: Best Cloud Enterprise Software, October 2023, ICT Leadership Awards: Enterprise Software Vendor of the Year, October 2023, Boomi's 2023 EMEA Partner of the Year Award Winner, November 2023, Ecovadis: ESG/CSR Silver Medal, November 2023, Construction Computing Awards: Best Asset Management Software, November 2023.Learn more at www.ifs.com/corp/company/financial-results/.

About IFS

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers—at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness, and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.

CONTACT: 
Contact information.
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: [e-mail]
Phone: [phone]
NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: [e-mail]
Phone: [phone]

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IFS reports industry leading results with 33% software revenue growth for 2023.

 

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