Very strong Q1 2018: Revenue up 14%
| REVENUE* (IN € MILLIONS) SIDETRADE GROUP |
2018 | 2017 | VARIATION |
|---|---|---|---|
| Q1 REVENUE | 5.9 | 5.2 | +14% |
In the first quarter of 2018, Sidetrade Group generated consolidated revenue of €5.9 million, an increase of 14% compared to the first quarter of 2017, which already saw a 21% increase.
The Board of Directors is confident of its ability to continue this upward growth trend across business activity in 2018.
Olivier Novasque, SIDETRADE Founder and CEO, states:
“As we anticipated, Sidetrade has delivered a successive thirteenth quarter of double-digit revenue growth, confirming its accelerated growth. The results speak for themselves and our excellent start of the year underlines both the relevance and the strong early execution of our new strategic plan Aim2020. Much remains to be done but we have already maximized this first quarter by streamlining the sales and marketing teams from our recent company takeovers to establish a single unified organization ready to deliver our offering across all of the countries in which we are present.
This exercise in rationalization, integration, and synergy gives us unique sales and marketing clout that we are now in a position to leverage for our entire offering and fulfill our aim of democratizing Artificial Intelligence and putting it the benefit of our business customer market. Our convergence efforts now have us ideally aligned to achieve our goal: be the Artificial Intelligence customer engagement platform of choice for today’s leading companies.”