INTERSHOP Communications Reveals Q1 2024 Financial Results

• Intershop Communications AG reported a 7% increase in total revenues to EUR 9.5 million in Q1 2024
• The company's cloud revenues rose by 32% to EUR 4.9 million, accounting for 52% of total revenues
• Incoming cloud orders increased by 79% to EUR 4.8 million, and Cloud ARR rose to EUR 18.0 million
• Service revenues fell by 16% to EUR 2.7 million, and license and maintenance revenues decreased by 3% to EUR 1.9 million
• Earnings before interest and taxes (EBIT) were slightly positive at EUR 6 thousand, and earnings after taxes improved to EUR -0.1 million
• For the full year 2024, the company expects a slight increase in both incoming cloud orders and net new ARR, a moderate increase in revenues, and a break-even operating result (EBIT).

The next important date, Publication of Quarterly Report (Cut-off date Q1), at INTERSHOP Communications is on 24.04.2024.

The price of INTERSHOP Communications at the time of the news was 1,8900EUR and was up +0,53 % compared with the previous day.
34 minutes after the article was published, the price was 1,9150EUR this corresponds to a plus of +1,32 % since publication.

INTERSHOP Communications

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ISIN:DE000A254211WKN:A25421

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