Kinaxis (TSE:KXS) has released an update.
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Kinaxis Inc. has reported a robust first quarter in 2024, with a significant 16% growth in SaaS revenue and a 15% increase in annual recurring revenue, highlighting the company’s continued addition of new brands to its customer base. The company also raised its full-year 2024 adjusted EBITDA guidance, reflecting a strategic focus on profitability. These results reaffirm Kinaxis’s leadership in the supply chain planning solutions market, as recognized by the 2024 Gartner Magic Quadrant.
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