NFON AG’s results for the first three quarters of 2022 reflect growth as the company forges ahead with realignment as a provider of integrated business communications.
Recurring revenue increased by 8.7% compared to the previous year to €55m, spurred by a growth in customer installations.
The number of seats increased from 573,069 as of 30 September 2021 to 622,785 as of 30 September 2022, representing growth of 8.7%.
NFON AG’s Management Board has adjusted the forecast for the full year 2022 and now expects growth in seats of between 7% and 8% and growth in recurring revenue of between 8% and 9%.
CEO Dr Klaus Von Rottkay said: “The cloud communications market is on the move. Company managers are increasingly implementing holistic, enterprise-wide cloud strategies that result in high demand for integrated business communications.”
“We have expanded our development teams; the future product roadmap has been clearly defined accordingly and the rebranding clarifies the repositioning of the NFON brand externally. Our focus is now on profitable growth.”