IFS CEO Darren Roos said in a prepared statement said results “massively” outpaced the market. IFS translated overall revenue to dollars but did not translate the components in its official announcement. The announcement said that there was a 67-percent increase in license revenue. There must be a difference in terminology here as IFS also said, “more net-new IFS customers chose to deploy their IFS solutions in the cloud than ever before.” In any event, License revenue was approximately $31.3 million. Maintenance revenue was about $47.5 million, up 17 percent over last year’s corresponding period while consulting revenue of roughly $54.3 million increased 25 percent over a year earlier. The company also said it had a 67-percent increase in EBITDA.
