Visiativ achieved consolidated revenue of €50.3m in Q3 2023, up +5% of which +1% in organic terms.
Visiativ achieved consolidated revenue of €50.3m in Q3 2023, up +5% of which +1% in organic terms. During the first nine months of the 2023 financial year, Visiativ recorded revenue of €173.1m, up +10% of which +3% in organic terms.
Q3 2023 revenue for the CONSULTING business remained buoyant (+11% of which +8% organic), benefiting from the company’s innovation momentum as well as digital transformation and cybersecurity offers.
In Q3 2023, the SOFTWARE business generated stable revenue (+1% of which -4% organic), driven by the gradual shift in Visiativ’s sales model from licences to subscriptions which aligns with the new SHIFT5 strategic plan. As a result, SaaS subscription sales increased 31% over the past quarter.
ARR SaaS subscriptions totalled €35.2m at 30 September 2023, up +59% year-on-year (+58% organic) and +6% from 30 June 2023, propelled by order intake.
Bolstered by the growth momentum in SaaS subscriptions, recurring business accounted for 67% of total revenue at end-September.
Lastly, international business continued to grow at a brisker pace, with €65.0m of revenue achieved outside France over nine months (+15% of which +5% organic), accounting for 38% of total revenue (vs. 36% one year prior).
