Kinaxis Inc (TSE:KXS) has released an update.
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Kinaxis Inc. has reported a robust second quarter for 2024 with an 18% increase in SaaS revenue, an impressive 19% adjusted EBITDA margin, and 15% growth in annual recurring revenue. The company achieved a record number of new customer acquisitions for a second quarter and has a positive outlook on profitability despite a cautious buying environment. This quarter also saw the launch of Maestro, their new AI-driven supply chain orchestration platform.
For further insights into TSE:KXS stock, check out TipRanks’ Stock Analysis page.
