Visiativ achieved consolidated revenue of €59.4m in Q1 2023, up 7%.
Visiativ achieved consolidated revenue of €59.4m in Q1 2023, up 7%. At constant scope and exchange rates, organic growth was -4%. As a reminder, Q1 2022 was characterised by growth of 27% (+21% organic), notably for the SOFTWARE business (+35% of growth o/w +30% organic), representing a high basis for comparison at the start of the 2023 financial year.
The stability of the SOFTWARE business in Q1 2023 masks the strong increase in SaaS subscriptions – more than doubling (+125%) and now accounting for +20% of SOFTWARE sales versus less than 10% in Q1 2022.
At end-March 2023, ARR (Annual Recurring Revenue) totalled €30.0m, up 130% from end-March 2022 (+100% organic) and representing sequential growth of 9% compared to the previous quarter.
The CONSULTING business posted sustained growth, up 20% in Q1 2023 (+4% in organic terms), driven by the dynamics of innovation.
Recurring business, which represented 67% of revenue, was up 11% in Q1 2023 (+1% in organic terms).
In line with FY 2022, international business continued to propel the Visiativ’s growth with €21.5m of revenue now achieved outside France, i.e. growth of 25% (+5% organic) which accounted for 36% of total revenue.
