12% increase in 2023 half-year sales

• Acceleration in Q2 2023 with a +16% increase in sales
• ARR Saas subscription up +70% at 30 June 2023

Visiativ’s Q2 2023 was marked by an acceleration in growth, which stood at +16% vs. +7% in Q1. Both business lines posted double-digit growth in Q2: +15% for SOFTWARE and +11% for CONSULTING. At constant scope and exchange rates, Visiativ returned to dynamic double-digit growth of +10%, vs. -4% in Q1.

At the end of H1 2023, Visiativ’s total revenue came to €122.8m, up +12% (+3% organic).
SOFTWARE sales rose by +9% (+2% organic) in H1, with a further strong increase in SaaS subscriptions of +85% (+64% organic), which now account for 22% of SOFTWARE sales compared with 13% one year earlier. ARR (Annual Recurring Revenue) SaaS subscription totalled €33.1m at end-June 2023, up +70% compared with end-June 2022 (+58% organic).

CONSULTING achieved growth of +15% in H1 2023 (+3% organic), and continues to be driven by innovation needs and cybersecurity.
Recurring business accounted for 66% of total sales, underpinned by the drive to transform business models towards subscription-based services.

Lastly, international sales remain a key growth engine for the Group, with H1 sales outside France up +16% (+6% organic) to €43.4 million, accounting for 35% of total sales (vs. 34% one year prior).