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Thryv Holdings ( (THRY) ) has provided an update.
Thryv Holdings, Inc. achieved impressive growth in the third quarter of 2024, with a 29% year-over-year increase in SaaS revenue, reaching $87.1 million. The company also reported a 45% rise in SaaS clients and surpassed its revenue and EBITDA guidance, raising its full-year forecast. This growth is attributed to Thryv’s strategic shift towards SaaS solutions and the acquisition of Infusion Software, Inc., enhancing its offerings for over 100,000 clients. Despite a 20% drop in Marketing Services revenue, Thryv’s commitment to its transformation strategy is evident in its improved financial metrics and expanded client base.
For an in-depth examination of THRY stock, go to TipRanks’ Stock Analysis page.
