Solid financial results
The year 2024 marks a major turning point for IFS, a company featured in the Vintage Altaroc Odyssey 2022, with annual recurring revenue exceeding the billion euro mark for the first time, reaching 1.228 billion euros. This impressive performance was driven by 38% growth in revenues generated by cloud services. Against a backdrop of accelerating digital transformation, IFS solutions have responded to companies' growing need for tools integrating Artificial Intelligence to modernize their industrial operations and improve efficiency.
An increasingly prestigious clientele
In 2024, IFS strengthened its position as world leader by attracting over 350 new customers, including major companies such as Comcast, Miele, Rolls-Royce Power Systems and the Saudi Electricity Company. These new relationships contributed to a 64% increase in the average size of contracts signed. This growth momentum is also attributable to acquisitions made by the company, notably that of Copperleaf, an asset management specialist, and EmpowerMX, a provider of AI-based aeronautical maintenance solutions.
Specializing in providing technology solutions to automate and optimize processes within companies, IFS offers a cloud platform that centralizes a multitude of data to simplify decision-making across various departments (finance, purchasing, production, human resources management, etc.). Present in industrial sectors essential to the global economy, the company has distinguished itself by its rapid and sustained growth, propelled by the strong demand for AI in the industrial sector.
A customer-focused approach to innovation
IFS's focus on a customer-centric approach to continuous innovation and customer satisfaction is reflected in its satisfaction score, which exceeded 80% in 2024, well above the industry norm. This score was measured regularly throughout the year, providing a clear picture of customer satisfaction at every stage of the customer journey.
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