12/12/2022 More industry focus, more subscription, and more cloud generated a sales growth of 71% in ARR and 82% in the insurance industry. EBT performance grows to €597K.
In a year, where software-as-a-service (SaaS) and subscription took over from traditional licensing models, Nextway continued to show a stable performance in their financial results.
The figures show an unchanged revenue performance and a slight drop in EBITDA performance compared to last year, due to changes in income recognition of the new SaaS business model.
EBT did however rise with 19% to 597K for the financial year.
“With our solid growth in ARR (Annual Recurring Revenue) performance and a stable financial result, we have proven that we are on the right path” – says Thomas Hougaard-Enevoldsen, CEO of Nextway.
Full speed ahead in key industries
Nextway has a strategic focus on four industries, where experience tells that Next® Digital Workplace brings exceptional value: Insurance, Finance, Manufacturing, and Logistics & Transport.
“Last year alone, sales grew by 82% towards the insurance industry and this trend continues today” - adds the CEO.
The customer base is expanding, not only in the Nordics, but also in Germany and Switzerland with names such as Talanx and SWICA. Integrations to partner systems, such as Sapiens, Scalepoint, Incendium, and Salesforce add to market success.
“We invest heavily in making Next® Digital Workplace the preferred eDMS solution to our focus industries. One activity to achieve that, is that we hire resources with deep industry knowledge” – says Thomas Hougaard-Enevoldsen.
“Despite global challenges, digital transformation continues to accelerate at a rapid pace. Increasing trends in hybrid working models demand a full digital workplace that is not only efficient, but also secure, and compliant. Therefore, I expect to see a growing demand for our eDMS solution” – concludes the CEO.
About Nextway Software
Nextway makes companies more efficient and people’s lives at work easier. Replacing processes that involve paper, pdfs, spreadsheets, and emails, with their easy-to-use software, Next® Digital Workplace.
Since 1986, Nextway has served customers from all over the world through a network of certified partners and own offices throughout Europe.
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Jørn M. Christensenjmc@nextway.software
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