--- title: "2020 Second Quarter Revenue" id: "4963" type: "news" slug: "2020-second-quarter-revenue" published_at: "2020-07-22T11:38:57+00:00" modified_at: "2022-11-10T15:44:58+00:00" url: "https://www.sidetrade.com/news/2020-second-quarter-revenue/" markdown_url: "https://www.sidetrade.com/news/2020-second-quarter-revenue.md" excerpt: "PARIS, France – 21 July 2020 | Sidetrade (Euronext Growth: ALBFR.PA), the Artificial Intelligence platform" taxonomy_language: - "English" taxonomy_post_translations: - "pll_618a6192ee00e" taxonomy_news_topic: - "Financial News" - "Press Releases" --- - [O2C Intelligence](/) - [[Column]](#) - [O2C AGENTS](https://www.sidetrade.com/core-platform/aimie-agent/) - [Aimie Agents](https://www.sidetrade.com/core-platform/aimie-agent/#aimie-agents) - [Customer Agents](https://www.sidetrade.com/core-platform/aimie-agent/#customer-agents) - [Agent Builder Studio](https://www.sidetrade.com/core-platform/agent-builder-studio/) - [--separator--](#) - [O2C Apps](https://www.sidetrade.com/core-platform/o2c-apps/) - [Credit Risk Expert](https://www.sidetrade.com/core-platform/o2c-apps/credit-risk-expert/) - [Order and E-Invoicing](https://www.sidetrade.com/core-platform/o2c-apps/order-and-e-invoicing/) - [Augmented Collection](https://www.sidetrade.com/core-platform/o2c-apps/augmented-collection/) - [Digital Case](https://www.sidetrade.com/core-platform/o2c-apps/digital-case/) - [Cash App](https://www.sidetrade.com/core-platform/o2c-apps/cash-app/) - [Deductions and Claims](https://www.sidetrade.com/core-platform/o2c-apps/deductions-and-claims/) - [Customer Experience Center](https://www.sidetrade.com/core-platform/o2c-apps/customer-experience-center/) - [Analytics](https://www.sidetrade.com/core-platform/o2c-apps/analytics/) - [[Column]](#) - [Aimie IQ](https://www.sidetrade.com/core-platform/aimie-iq/) - [Conversational Engagement](https://www.sidetrade.com/core-platform/aimie-iq/) - [-- separator --](#) - [Technology](https://www.sidetrade.com/core-platform/) - [Core platform](https://www.sidetrade.com/core-platform/) - [Intelligence Foundation](https://www.sidetrade.com/core-platform/intelligence-foundation/) - [O2C Execution Layer](https://www.sidetrade.com/core-platform/o2c-execution-layer/) - [Arrange a demo](https://www.sidetrade.com/sidetrade-demos/?fid=4235) - [[Column]](#) - [O2C Data Lake](https://datalake.sidetrade.com/) - [Real-time, predictive payment intelligence](https://datalake.sidetrade.com/) [Industries](#) - [Construction & Mining](https://www.sidetrade.com/industries/construction-mining/) - [CPG](https://www.sidetrade.com/industries/cpg/) - [Financial Services](https://www.sidetrade.com/industries/financial-services/) - [ICT](https://www.sidetrade.com/industries/ict/) - [Life Sciences](https://www.sidetrade.com/industries/life-sciences/) - [Manufacturing](https://www.sidetrade.com/industries/manufacturing/) - [Retail](https://www.sidetrade.com/industries/retail/) - [Services](https://www.sidetrade.com/industries/services/) - [Transport & Logistics](https://www.sidetrade.com/industries/transport-logistics/) - [Utilities & Environment](https://www.sidetrade.com/industries/utilities-environment/) [Customers](https://www.sidetrade.com/case-studies/) - [Who we work with](https://www.sidetrade.com/customers/) - [Case studies](https://www.sidetrade.com/case-studies/) [Resources](https://www.sidetrade.com/resources/) - [Whitepapers](https://www.sidetrade.com/resources/whitepapers/) - [Brochures](https://www.sidetrade.com/resources/brochures/) - [Webinars](https://www.sidetrade.com/resources/webinars/) - [Videos](https://www.sidetrade.com/resources/videos/) - [Training and Certification](https://www.sidetrade.com/resources/certification/) [Blog](https://www.sidetrade.com/blog/) [Company](https://www.sidetrade.com/company/about-us/) - [About Us](https://www.sidetrade.com/company/about-us/) - [CSR](https://www.sidetrade.com/company/csr/) - [Leadership](https://www.sidetrade.com/company/leadership/) - [News](https://www.sidetrade.com/company/news/) - [Careers](https://www.sidetrade.com/company/careers/) - [Investors](https://www.sidetrade.com/company/investors/) - [Contact](https://www.sidetrade.com/contact-us/) [en](https://www.sidetrade.com/news/2020-second-quarter-revenue/) [fr](https://www.sidetrade.fr/news/t2-2020-record-en-ca/) [de](https://www.sidetrade.de/) - [https://www.youtube.com/user/SIDETRADE92/featured](https://www.youtube.com/user/SIDETRADE92/featured) - [https://twitter.com/Sidetrade](https://twitter.com/Sidetrade) - [https://www.linkedin.com/company/sidetrade/](https://www.linkedin.com/company/sidetrade/) - [https://sidetrade-tech-hub.medium.com/](https://sidetrade-tech-hub.medium.com/) 22 July 2020# 2020 Second Quarter Revenue [https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2F2020-second-quarter-revenue%2F&linkname=2020%20Second%20Quarter%20Revenue](https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2F2020-second-quarter-revenue%2F&linkname=2020%20Second%20Quarter%20Revenue) [https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2F2020-second-quarter-revenue%2F&linkname=2020%20Second%20Quarter%20Revenue](https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2F2020-second-quarter-revenue%2F&linkname=2020%20Second%20Quarter%20Revenue) [https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2F2020-second-quarter-revenue%2F&linkname=2020%20Second%20Quarter%20Revenue](https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2F2020-second-quarter-revenue%2F&linkname=2020%20Second%20Quarter%20Revenue) 2020 Second Quarter Revenue Record €7.5m quarterly revenue despite the financial crisis Strong 15% revenue growth Record €6.1m bookings in Q2 2020 **PARIS, France – 21 July 2020 | Sidetrade (Euronext Growth: ALBFR.PA), the** **Artificial Intelligence platform dedicated to accelerating company revenue and** **cashflow, reports a record-breaking second quarter, with remarkable growth in** **revenue and orders despite the severity of the Covid crisis.** Olivier Novasque, CEO of Sidetrade, had this to say about Q2 2020 achievements: > *Income and bookings achieved an unparalleled level this second quarter despite the overall state of* > > *the economy. Even with all of our staff teleworking, we still achieved the best quarter of our history in* > > *terms of sales, with €6.1m in new contracts signed*. *This performance is the fruit of years of work on* > > *innovation, especially AI. Additionally, Sidetrade’s position perfectly meets the needs of today’s* > > *businesses striving to boost and secure cashflow in an increasingly digital world. Current market* > > *dynamics are actually strengthening our leadership position at home and abroad. I would once again* > > *like to thank our teams for meeting the present challenges with creativity and dedication. I also want* > > *to thank our customers for their continuing trust during difficult times.* ##### **Record €7.5m revenue growth demonstrates the resilience of the SaaS model** Sidetrade (million euros) **Revenue** 2020 Q2 **7.5** 2019 Q2 **6.6** Variation **+15%** Following up on an excellent first quarter (+14%), Sidetrade kept-up the momentum, achieving 15% organic growth compared to Q2 2019 (€6.6m). Sidetrade’s Q2 2020 revenue was €7.5m, the highest in their history. Thanks to their SaaS business model, Sidetrade is weathering the crisis well. More than ever, the resilience of the company’s recurrent SaaS model allows them to stand strong. In fact, 89% of Sidetrade’s quarterly revenues are recurrent, one of the highest ratios in the software industry. ##### **Record €6.1m bookings in Q2 2020** The Covid crisis has brought to light just how crucial it is to secure cashflow, which has been good for Sidetrade’s sales. In Q2 2020, Sidetrade demonstrated their capacity for adaptation and innovation by tracking the impact of the Covid pandemic on unpaid invoices. The freely accessible tracker showed changes in the payment behaviour of 3.7m businesses since the start of the year in the United Kingdom, France, Spain, Italy, Belgium and the Netherlands. Latest News [21 April 2026 Sidetrade Names Two Leaders to Accelerate its AI-native Transformation](https://www.sidetrade.com/news/o2c-intelligence-2030-appointments/) [14 April 2026 First Quarter Revenue for 2026](https://www.sidetrade.com/news/first-quarter-revenue-for-2026/) [10 April 2026 Sidetrade launches AI-native plan with three new products](https://itbrief.co.uk/story/sidetrade-launches-ai-native-plan-with-three-new-products) [Load more news](https://www.sidetrade.com/company/news/) [↑](#)