UK Delivers 65% Growth
The revenue growth in Q1 2024 is primarily driven by strong development in Cloud ERP; The Business Line Dynamics showed continued revenue growth, delivering 17% across most Market Units. The Business Line M3 delivered a growth of 15% which is a strong result after a challenging period. Cloud ERP accounted for 75% of the revenue in Q1 2024.The Business Line Customer Experience & Engagement delivered a growth of 25%
Strong development in the Danish and UK Market Units
The Market Units in the UK and Denmark continued delivering strong progress in Q1 2024. The UK delivered an impressive 65% growth, including the newly acquired company Endless Gain. Organically, the UK Market Unit delivered a significant growth of 50%, primarily driven by Dynamics and Digital Commerce. Denmark delivered a growth of 35%, primarily driven by Dynamics and M3. Excluding the acquisition of ICY Security in April 2023, Denmark grew by 26%.
