Today, the credit management software specialist Sidetrade released its financial results for H1 2015.
The Sidetrade Group has recorded a consolidated revenue of €7.9m in this period, showing 13% organic growth compared with H1 2014.
Aside from this, in H1 2015 the company also achieved a new milestone with €4m revenue in a single quarter. In Q2 2015 the Group confirmed a pick-up in growth (+14%).
The company has shown double-figure growth across key areas such as revenue, profitability and its cloud offering. In light of significant investment made by Sidetrade over this last year, the company is extremely pleased with the results.
Notable growth includes:
- 13% increase in first-half revenue
- 30% rise in volumes of cloud payments processed
- 10% increase in profitability against a backdrop of high investment