Growens S p A : SaaS Annual Recurring Revenues up 22% CPaaS Sales down 5%
April 10, 2024 at 03:59 am EDT
Share
Milan, 10 April, 2024 - Growens S.p.A. - GROW (the "Company" or the "Issuer" or "Growens"), a company admitted to trading on the multilateral trading facility Euronext Growth Milan and operating in the cloud marketing technology field, has announced today certain data from management accounts, related to the business lines SaaS and CPaaS as of March 2024 and Q1 2024 respectively.
Unaudited data show the following results:
as per the SaaS (Software as a Service) business line, an ARR of 12.1M EUR as of March 2024, growing 20.1% vs the same data of 2023 (or 21.8% at constant USD/EUR fx);
as per the CPaaS (Communication Platform as a Service) business line, gross sales decreasing 5.1% in Q1 2024 at 14M EUR, vs 14.8M EUR in Q1 2023.
Main figures
SAAS ARR
Business Unit
ARR March 2024
ARR March 2023
Ch %
Beefree EUR/000
12,058
10,039
20.1%
Beefree USD/000
13,116
10,768
21.8%
Data from management accounts, not subject to a BoD resolution, unaudited.Annual Recurring Revenue is calculated as the sum of unterminated annual subscriptions active as ofMarch2024 and 2023. Monthly subscriptions are annualized (multiplied by 12). Subscriptions represent recurring revenues: they do not include professional services, SMS traffic, and other services sold on a one-off basis, whereas they include usage fees such as API calls, image hosting and additional users with a recurring pattern (March 2024 estimates). ARR is not comparable with historical CPaaS sales below.
CPAAS SALES
Business Unit
Q1 2024
Q1 2023
Ch %
Agile Telecom
14,045
14,796
(5.1%)
Data in EUR/000.
Data from management accounts, not subject to a BoD resolution, unaudited. Figures might differ from reported sales because of period adjustments.
Within the CPaaS business line, Agile Telecom recorded Q1 sales in excess of 14M EUR sales, down 5% over the same period of the previous year, consistent with the strategic project of improving margins even at the expense of revenue growth.
Within the SaaS business line, the business unit which recorded the highest growth rate is Beefree (beefree.io), with a 12.1M EUR ARR, up 20% over the same period of the previous year(or 22% at constant USD/EUR fx), thanks to a combined increase in both volumes and usage.
Download the press release
Attachments
Original Link
Permalink
Disclaimer
Growens S.p.A. published this content on
10 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
10 April 2024 07:58:01 UTC.
Growens SpA, formerly known as MailUp SpA, is an Italy-based company engaged in the Internet services industry. The Company is active in direct marketing, through the field of the email services. Growens SpA is a digital platform, which is used for managing and sending newsletters, short message service (sms) and faxs. It combines campaign management tools, through triggered messages, dynamic content, flexible A/B testing and social features, with a simple mail transfer protocol (SMTP) relay service and plug-in for ecommerce, customer relationship management (CRM) and content management systems (CMS). The Company operates through a number subsidiaries, including gile Telecom SpA, MailUp Inc, Network Srl, Denmark A/S, Globase International ApS and Acumbamail SL. It is active in the domestic market, as well as in Spain, the United States and Latin America Spanish-speaking countries, among others.
GROWENS S.P.A. 
