IFS has announced its financial results for the first half of 2021. All software revenue line items grew double digit, driven by a steep acceleration in cloud revenue (+79% YoY) and recurring revenue (+27% YoY).
H1 also saw some key milestones, including the acquisition of Axios Systems, the launch of IFS Cloud and the global launch of the company's new branding and Moment of Service.
IFS CEO Darren Roos, said: "IFS is a technology led company with the single goal to make the latest technology advancements available to our customers in a way that creates value fast, has a low total cost of ownership, and is easy to consume and use. H1 is evidence that our strategy to focus on this and to build agility into our product operations, so customers can respond to the market fast is working."