IN BRIEF: Sopheon ups recurring revenue and new customer wins
9th Jun 2022 15:47
Sopheon PLC - Minnesota, US-based enterprise software provider - Since the start of 2022, company has sealed six new customer wins, compared to 10 in the whole of 2022. Annual recurring revenue in the five months to the end of May rises to USD21.7 million from USD19 million a year ago. Gross retention holds above 98% on a year-to-date basis. Sopheon explains that a lower share of one-off revenue contributions from perpetual and consulting sales in the year-to-date means that full year visibility for 2022 revenue is currently at USD28 million, a similar level to this time last year. Read More