(AOF) – Coheris, a leading French publisher of CRM (customer relationship and intelligence management) and Data Analytics (analytics and artificial intelligence, performance management and predictive applications), recorded an increase in its net income in first half of 2022, which stood at 2.6 million euros compared to 0.2 million in the first half of 2021. Its turnover is also up: it rose from 5.6 to 6.2 million and its profit current operating income increased from 0.2 to 1 million.
Revenue growth is driven by the increase in recurring revenue of +85.8%, from subscription sales in annual mode and representing 36% of revenue as of June 30, 2022. This growth results from the change in the business model initiated in 2019.
From now on, revenues related to perpetual licenses and associated maintenance will only represent 30% of sales as of June 30, 2022.
Revenue relating to the provision of services amounted to €2.1 million, almost stable compared to the first half of 2021 and represented 29% of revenue at June 30, 2022.
Finally, the stock of recurring revenue on an annual basis amounted to 9 million euros, up +7.3% compared to December 31, 2021.
As of June 30, 2022, Coheris posted shareholders’ equity of 12.8 million euros and net cash of 7.8 million euros (3.6 million euros as of December 31, 2021), restated for both flows related to the cash pooling set up with ChapsVision and deferrals of social security contributions as part of support measures for companies during the Covid period for 2.9 million euros.
The company will publish its 2022 annual revenue on February 1, 2023, after market close.
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