Planisware Reports Q3 2024 Revenue Growth

Planisware has reported Q3 2024 revenue of €47.0 million, marking an 18.2% growth in current currencies and 18.7% in constant currencies. This growth, driven by its successful SaaS platform, reflects a continuing trend with a 19.3% increase over the first nine months. However, a prolonged customer decision process has led to cautious Q4 revenue growth expectations.

Recurring revenue reached €41.4 million, accounting for 88% of total revenue, with SaaS & Hosting up by 22.3%. Despite market challenges, Planisware anticipates annual revenue growth between 17% and 18% and has raised its EBITDA margin projection to approximately 34%, maintaining a cash conversion rate of around 80%.

The company was reaffirmed as a leader in the latest Gartner report, highlighting its strengths in project management tools. Planisware remains committed to improving operational efficiency and expanding its market reach.