Sidetarde

20% increase in revenue for Q1 2024, with SaaS subscriptions up 20%

Robust growth in bookings

• €3.98 million in New Annual Contract Value (ACV): up 117%
• With €1.85 million in SaaS bookings (ARR): up 108%
• And €2.13 million in Services bookings: up 127%
• Surge in the United States, now representing 60% of total bookings

Strong revenue growth, up 20%, with SaaS subscriptions up 20%

• Buoyant revenue growth in the United States: up 40%

Double-digit growth in sales confirmed for 2024

Sidetrade, the global leader in AI-powered Order-to-Cash applications, today announces that it has doubled bookings with a 20% increase in revenue for the first quarter of 2024, with SaaS subscriptions up 20%.

Olivier Novasque, CEO of Sidetrade commented:

"On the back of solid performance in the 2023 fiscal year, we kick-started 2024 with triple-digit growth in our bookings, both in terms of new subscriptions (up 108%) and services (up 127%). This quarter's commercial successes, particularly in the United States with global leaders in their field, fully validate our strategy to cement our leader position in artificial intelligence by hiring the best-in-class talent to grow our priority customer base of multinationals.

Sidetrade delivered first quarter revenue in line with that of the 2023 fiscal year, posting 20% growth in revenue and subscriptions alike. These double-digit figures are driven both by the United States (+40%) and an increase in our subscription revenues with companies generating $1 billion-plus revenue (+24%). Looking at previous quarterly performance in 2023, we know that Q1 bookings have the greatest impact on revenue for the current year. Against this backdrop, now more than ever, we are confident we will achieve double-digit revenue growth for the fiscal year 2024."

Robust growth in bookings: ACV up 117%

Sidetrade (€m)	Q1 2024	Q1 2023	Change
New SaaS subscriptions (New ARR)	1.85	0.89	+108%
Services bookings	2.13	0.94	+127%
New Annual Contract Value (ACV)	3.98	1.83	+117%

2024 information is from consolidated, unaudited data.