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.
We hope you enjoyed this article.
Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.
Also, consider following us on social media:
Subscribe to Industrial AI Weekly
The latest advancements in smart manufacturing, predictive maintenance, AI-driven quality control, supply chain & more.
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read more