NFON AG notches 8.7% growth

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.”

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