Sidetrade SA (FR:ALBFR) has released an update.
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Sidetrade SA has reported a 25% increase in new Annual Contract Value (ACV) and a 19% rise in revenue for the first half of 2024, with significant growth in the United States by 40%. The company’s SaaS bookings increased by 20%, and services bookings by 32%, indicating strong performance and customer confidence in their AI-powered Order-to-Cash applications. Sidetrade’s robust development strategy is underscored by a balanced contribution from the United States and Europe, and an ongoing acquisition in Germany, positioning them for continued leadership in the market.
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