Visma had another strong quarter with solid top-line revenue and profit growth. Revenue from SaaS Software Solutions grew by 83 percent. Acquisition activity strengthened Visma’s position as school software provider in northern Europe.
In the second quarter, Visma delivered revenue of NOK 2,514 million, compared with NOK 1,985 million in the same period last year, an increase of 26.7 percent. EBITDA improved with 39.9 percent over Q2 2015 to reach NOK 524 million, yielding an EBITDA margin of 20.9 percent.
Revenue growth in all divisions
Visma continues its strongest growth in the two software divisions. Revenues in Software GLA grew by 32.4 percent, and revenues in Software SMB grew by 30.3 percent, compared to the second quarter a year ago. BPO division continued the trend in increasing revenue growth rate, growing at 13.0 percent for the quarter.
The demand for SaaS services is steadily increasing. Revenue from SaaS Software Solutions grew by 83 percent, year-on-year, driven by strong organic growth and strategic SaaS acquisitions.
School software acquisitions
The acquisition activity was very active in the second quarter with seven completed transactions in total. Two of the acquisitions were within the school admin software area; StarSoft, the leading Finnish school software system and VSware, the leading Irish school software.
-The school sector is a key area for Visma. The acquisitions of StarSoft and VSware strengthens Visma’s position as school software provider in northern Europe. Our main driver is to reduce the administrative overhead and contribute to increase the productivity in everyday operations for educational institutions, says Øystein Moan.
For more information, please contact:
Øystein Moan, CEO, Visma AS, +47 920 80 000