Planisware, a prominent B2B provider of SaaS in the Project Economy market, disclosed its Q3 2024 revenue of €47.0 million, indicating a +18.7% year-on-year growth in constant currencies. Despite facing challenges such as delayed customer decision-making processes and political concerns in France, the company managed to achieve a record high commercial pipeline. However, this led to delays in the signing and commencement of new contracts, prompting a more cautious outlook on revenue growth in Q4.
CEO of Planisware, Loïc Sautour, expressed satisfaction with the +18.7% revenue growth in constant currencies, attributing it to the success of their SaaS operations. Due to uncertainties in contract closures and starts, the company revised its 2024 objectives to target revenue growth between +17% and +18% in constant currencies. Additionally, operational efficiency improvements and a better activity mix enabled Planisware to raise its profitability objective to approximately 34%.
In terms of revenue streams, recurring revenue accounted for 88% of Q3 2024 revenue, with a notable increase of +21.2%. The growth was driven by the SaaS model, particularly SaaS & Hosting and Evolutive & Subscription support, which saw respective revenue increases of +22.3% and +26.1%. Non-recurring revenue also saw an uptick of +8.7%, buoyed by perpetual license extensions and upgrades.
Planisware’s leadership position in the industry was affirmed by Gartner’s 2024 “Magic Quadrant for Adaptive Project Management and Reporting” report, where the company was recognized as a Leader for its robust integrations and collaboration features.
Looking ahead, Planisware will host an international conference call to discuss its Q3 2024 performance and achievements. The company is also gearing up for its FY 2024 results publication on February 27, 2025.
In conclusion, Planisware continues to thrive in the Project Economy market, with a strong focus on innovation, operational efficiency, and customer satisfaction. The revised 2024 objectives reflect the company’s commitment to sustainable growth and profitability in a dynamic business landscape.