tiprankstipranks
Trending News
More News >

COHERIS Reports Shift to Subscription Model in H1 2024

COHERIS Reports Shift to Subscription Model in H1 2024

Coheris (FR:COH) has released an update.

Don’t Miss TipRanks’ Half-Year Sale

COHERIS, a leading French CRM solutions publisher, reported a slight decrease in its first half 2024 business revenue, with a 3.6% drop from the previous year, down to 6.6 M€. However, the company saw a significant shift towards subscription-based revenue, which increased by 17.1% and now represents over half of the total revenue. Despite the overall decline in service revenue by 15%, COHERIS’s annual recurring revenue saw a marginal increase, indicating a steady flow of income.

For further insights into FR:COH stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1