Strong Revenue Growth:
Reported a 12% increase in annual recurring revenue in 2023 alongside a 43% rise in higher‑margin recurring services. Disclosed growth momentum is framed around expanding recurring mix.
Innovation-Driven Growth:
Introduced new AI-enabled offerings (e.g., Vendavo AI and Action Adviser) and increased product investment, signaling ongoing portfolio expansion. A multi‑year AI engineering initiative is intended to accelerate capability delivery.
Strategic Partnerships:
Expanded collaboration with Oracle and stated that partner‑originated pipeline doubled year over year. Added an external engineering partnership to speed AI-enabled product development.
