Coheris (FR:COH) has released an update.
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COHERIS, a French CRM solutions provider, reported a slight revenue dip to €7.4 million in H1 2024, yet saw a substantial increase in net income by 32.2% to €1.6 million, alongside a 22.0% rise in current operating income. The company’s transition to a subscription-based model is evident with subscription revenue up 17.1%, now accounting for 51% of total revenue. Financial stability is highlighted by an equity increase to €18.9 million and a significant boost in net cash to €16.54 million.
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