IFS Reports 30% ARR Growth and €15 Billion Valuation

IFS has reported a significant financial performance for the first quarter of 2025, with its annual recurring revenue (ARR) increasing by 30% year-over-year. The company's valuation has surged to over €15 billion, driven by the growing demand for its industrial AI solutions, as announced in a press release.

The company highlighted that its cloud revenue grew by 39% year-over-year, and the share of recurring revenue reached 82%, marking a 24% increase. This growth is attributed to the widespread adoption of IFS.ai, which is being operationalized at scale by customers to enhance productivity and business resilience.

In Q1 2025, IFS gained over 50 new customers, including major global brands such as Total Energies, ArcelorMittal Projects Europe BV, Collins Aerospace, Goodyear, and Hitachi Energy. Additionally, IFS launched the IFS Nexus Black™, a strategic innovation program aimed at accelerating AI adoption in industrial organizations.

The company's CEO, Mark Moffat, emphasized the momentum created by the integration of IFS.ai into industrial operations, reaffirming IFS's leadership in enterprise asset management and field service management. CFO Matthias Heiden noted the importance of an adaptable technology stack for business resilience amid global financial instability.