Upsales ARR update - Q3 2024
Annual recurring revenue (ARR) amounted to 138.4 MSEK at the end of Q3 2024, corresponding to a change of -2.0% during the last 12 months. ARR grew by 0.8 MSEK during the quarter.
“As predicted, ARR continued to increase during Q3, although at a slower pace as Q3 typically is a quarter with lower sales activity given the summer months. Although we’re not at the growth rate we wish to be, I’m pleased to see that the trend with positive q/q ARR growth from Q2 continues.”
says Daniel Wikberg, CEO