As of 30 September 2022, the number of customer installed extensions (seats) increased 8.7 per cent to 622,785, up from 573,069 during the same period in the previous year.
Recurring revenue increased by the same rate (8.7 per cent) compared to the previous year to EUR 55.0 million, with total revenues of EUR 60.4 million. Average revenue per user (blended ARPU) amounted to EUR 9.76 in the first nine months of 2022.
Considering these results, the Management Board has adjusted the forecast for the full year 2022 and now expects growth in seats of between 7 per cent and 8 per cent and growth in recurring revenue of between 8 per cent and 9 per cent.
Dr Klaus von Rottkay, CEO of NFON (pictured), explained, “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 were quick to recognise these changing market requirements and have pushed ahead with corresponding measures in the past quarters.
“We have successfully 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.”
The company noted the operating development over the last few months reflects the generally prevailing economic uncertainty. In this macroeconomic environment, the company said there is “a clear reluctance to invest on the part of companies in the markets relevant to NFON and the resulting prolonged sales cycles can be seen”.