COHERIS: turnover for the first half of 2024

COHERIS, French publisher of CRM and Data Analytics solutions, today announced its turnover for the first half of 2024. During this period, the company recorded a turnover of €6.6 million, in decrease of 3.6% compared to the first half of 2023.

However, subscription revenue increased by 17.1%, reaching €3.4 million and now representing 51% of total revenue, compared to 42% in the first half of 2023. At the same time, the share of perpetual and maintenance decreased, representing only 21% of total turnover.

Services provided generated €1.9 million, down 15% compared to the previous year, mainly due to a drop in the volume of projects signed. Finally, the stock of recurring income on an annualized basis stands at €10.3 million as of June 30, 2024, up 1% compared to December 31, 2023.

The next publication of half-year results is scheduled for September 25, 2024 after the stock market closes.