Highly-accelerated revenue growth: +21%
| REVENUE* (IN € MILLIONS) SIDETRADE GROUP |
2017 | 2016 | VARIATION |
|---|---|---|---|
| Q1 REVENUE | 5.2 | 4.3 | +21% |
For the first time in its history, Sidetrade has surpassed the €5 million mark in quarterly revenue.
During the first quarter of 2017, Sidetrade Group’s consolidated revenue showed a 21% growth compared to the first quarter of 2016, which had already grown by 14%.
This accelerated growth was made possible by continued investment in sales and marketing coupled with the launch of the predictive software Sidetrade Payment Intelligence (SPi).
This momentum is all the more encouraging, as it currently receives marginal contributions from the BrightTarget and Iko System solutions, which are in the business integration phase at Sidetrade Group.
Prestigious new accounts in this quarter include KPMG UK, STEF for the entire group, House of HR (Germany, Belgium, France, The Netherlands, Poland, Portugal, Romania, Switzerland), Gefco across 15 new countries, and Cegos in France…
Olivier Novasque, SIDETRADE Founder and CEO, states:
“2017 has begun on an excellent footing. This first quarter’s performance is, first and foremost, a result of very good strategy execution. The work in strengthening our salesforce, accelerating global development and innovating with predictive solutions over the last three years has proven effective. Our priority now is to create the first Artificial Intelligence platform that covers the entire customer cycle. This is a unique offering that allows companies to develop sales and speed up their cash flow.”