Sidetrade, the Artificial Intelligence platform dedicated to accelerating company revenue and cashflow, releases their annual results for fiscal 2019, and forecasts growth and profits in 2020, despite the crisis.
Olivier Novasque, CEO of Sidetrade, had this to say:
Over the last twenty years, we have ceaselessly built our company on solid foundations. Despite the impact and uncertainty of this crisis, our robust SaaS model is expected to continue delivering high growth and profitability in 2020, which, under the circumstances, would be a victory indeed. The period we are going through is a unique opportunity to demonstrate the resilience of our business model.
What’s more, the crisis is acting as a catalyst for a change that has been underway for nearly a decade: all digital has become the new normal. In this new paradigm, finance teams are the front line in ensuring cashflow, the lifeblood of their companies. More than ever, they are realizing that the latest AI technologies are essential tools to develop digital interactions with their customers and speed up payment. Sidetrade is actively preparing the business community to bounce back, since order-to-cash management is going to be a matter of survival in coming weeks and months.”
A new year of double-digit growth, like for like: revenue up 17% and Operating Profit up 44%.
|Like-for-like Revenue||25.7||22.1||+ 17%|
|Annual Revenue||25.7||24.1||+ 7%|
|Like-for-like Operating Profit||2.3||1.6||+44%|