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2018-10-23 17:37 CEST
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Sidetrade: Revenue growth in first 9 months of 2018 (+13%)

Olivier Novasque, Founder and CEO of Sidetrade, had this to say:

"This amazing 13% growth in the first nine months of the year results from our success in harnessing the convergence of three new Artificial Intelligence technologies to offer our clients exciting new possibilities. This is a stimulating time for us, with the development of our new AI Sales & Marketing business, which has given us tremendous momentum and is creating undeniable value for the group."

Revenue up 13% in the first nine months of 2018

Sidetrade group

(million euros)
First 9 months

2018
First 9 months

2017
Variation
Revenue 18.2 16.1 +13%
of which

AI Sales & Marketing
2.7 1.8 +48%
AI Financials 15.4 14.3 +8%

        2018 data is consolidated and unaudited.

At the end of the third quarter of fiscal year 2018, the Sidetrade group continues to show double-digit growth (+13% against last year) with revenue of €18.2m. As with the first six months of the year, growth has been upheld by all of our business lines and especially driven by the takeoff of our new AI Sales & Marketing business (up 48%). Our Financials business, historically a strong contributor, continues with solid 8% growth. Our AI Sales & Marketing solutions have been performing excellently and are expected to remain a growth driver in the future.

Double-digit growth is expected for the entire 2018 financial year.

HUG#2221667