Upsales ARR growth Q4 2022
Annual recurring revenue (ARR) amounted to 145.8 MSEK at the end of Q4 2022, corresponding to a growth of 30.4 % during the last 12 months. ARR grew by 9.5 MSEK during the quarter - an intra-quarter growth of 7.0 %.
”During the fourth quarter of 2022, we added 9.5 MSEK in ARR, yet another all-time-high quarter in ARR growth. The increase in ARR is driven by new customers signing up for Upsales and existing customers adding more services. We’re seeing a clear trend that companies are looking for more ways to use technology to run their sales and marketing more effectively with a lower cost of sales. Sales effectiveness continues to be a top priority for new and existing customers and will be even more so in challenging economic times. Upsales’ scalable product and resilient business model position us perfectly for continued rapid growth.”
says Daniel Wikberg, CEO