IFS net revenue soars beyond $600m in 2018 View(s):Global software firm IFS has closed the 2018 fiscal year with record-making growth that has seen it outpace its peers by a factor of three. The company announced that net revenue was up 23 per cent YoY. Cloud and SaaS revenue increased +300 per cent YoY. licence revenue +22 per cent YoY, maintenance revenue +13 per cent YoY, and consulting revenue +10 per cent YoY. 2018 also saw the launch of key products, including IFS Applications 10, IFS Field Service Management 6, and SaaS-based solutions in the IFS Aerospace and Defence product line.

Source: Sunday Times April 12, 2019 14:37 UTC