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IAR Systems Group AB ( ($SE:IAR.B) ) just unveiled an update.
IAR Systems Group AB has corrected its reported Annual Recurring Revenue (ARR) for Q1 2025 from 53% to 59% due to an understatement in revenues from Support and Update services during its transition from a Perpetual to a Subscription business model. This adjustment ensures accurate financial disclosures without affecting the total net sales, reflecting the company’s commitment to transparency and precision in its financial reporting.
More about IAR Systems Group AB
IAR Systems Group AB is a global leader in providing software and services for embedded development, enabling companies worldwide to create secure and innovative products. Established in 1983, the company has played a crucial role in developing over one million embedded applications across various sectors, including Automotive, Industrial Automation, IoT, MedTech, Military, and Public Safety. Headquartered in Uppsala, Sweden, IAR Systems has a global presence with sales and support offices worldwide and is listed on NASDAQ OMX Stockholm.
Average Trading Volume: 17,720
Current Market Cap: SEK1.44B
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