ARR from SaaS subscriptions up +45% to €43.4m at end-March 2024
Visiativ recorded consolidated revenue of €62.5m in Q1 2024, up +5% overall, with +10% growth in the CONSULTING division and +2% in the SOFTWARE division, including an increase of +31% in SaaS subscriptions. At constant scope and exchange rates, Visiativ’s organic growth came in at -1% for the period.
The CONSULTING business posted sustained growth of +10% in Q1 2024 (+2% in organic terms) driven by innovation, digital transformation and cybersecurity.
The SOFTWARE business, up +5% (-2% in organic terms), continues to transform its sales model, in line with the SHIFT5 strategic plan, with SaaS subscription sales up +31% (+18% in organic terms) in Q1 2024. SaaS subscriptions now account for 27% of the SOFTWARE division’s revenue, compared with 21% for the full year 2023.
ARR (Annual Recurring Revenue) from SaaS subscriptions amounted to €43.4m at the end of March 2024, up +45% year-on-year (+34% in organic terms), compared with €40.1m at the end of 2023.
Recurring business, which accounts for 68% of revenue, was up 8% in Q1 2024 (+2% in organic terms).
Lastly, still buoyed by the buoyancy of the CONSULTING division, international business grew by +9%, accounting for 38% of total Group activity.
