on COHERIS (EPA:COH)
COHERIS: Results for the first half of 2024
COHERIS, a French publisher of CRM and customer intelligence solutions, has announced its results for the first half of 2024. Total revenue decreased slightly by 1.7% to €7.4 million, compared to with the €7.5 million of the previous year. Business turnover is down by 3.6%, from €6.9 million to €6.6 million.
A notable increase of 17.1% was observed in subscription revenue, reaching €3.4 million. These subscriptions now represent 51% of total revenue compared to 42% the previous year. Revenue from Perpetual licenses and associated maintenance decreased to 21% of revenue.
Services generated €1.9 million, down 15%. On the other hand, current operating income increased by 22.0%, reaching €1.4 million. Net income showed growth of 32. 2%, amounting to €1.6 million.
COHERIS shows a solid financial situation with equity of €18.9 million and net cash of €16.54 million, up compared to December 2023.
R. P.
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