Growens, sales up in the first quarter

Growens sales up in the first quarter

(Tiper Stock Exchange) – Grownsa company listed on Euronext Growth Milan and active in the cloud marketing technologies sector, has registered for the SaaS line of business (Software as a Service) of the Annual Recurring Revenues (ARR) equal to 29.4 million euros in March 2023, including the recurring component of Contactlab, up by 23.3% compared to the figure for the same period of 2022 (i.e. 12. 8% organic).

For the CPaaS business line (Communication Platform as a Service), a 3.8% growth was recorded in the first quarter of 2023 (to 14.8 million euros) compared to Q1 2022 (14.3 million euros).

As for the CPaaS business line, Agile Telecom recorded Q1 sales of around 14.8 million euro, up 3.8% on the same period of the previous year. The figure does not include some invoices not yet issued for sales made during the quarter.

As regards the SaaS business line, the Business Unit that expresses the greatest growth is BEE (beefree.io), with an ARR of 10 million euro, up by over 29.4% (+23.3% at constant exchange rates) compared to the same period of the previous year, thanks to the increase in volumes of sale and usage.

Followed by the good performances of Acumbamail (up by over 14.8%), while the Business Unit MailUp+Contactlab records a +29%, which would be equal to 5.5% without the inclusion of Contactlab and does not include the sale of SMS or the sales of the Agency component of Contactlab. The Business Unit Datatricsactive in the Predictive Marketing area with a proprietary Customer Data Platform, generated an ARR of 2.1 million euro, down by 8.4% compared to the same period of the previous year.

tlb-finance