Annual recurring revenue (ARR) topped the 2.843 billion euro mark, up 12% year-on-year, driven by the loyalty of over 2 million customers and the continued expansion of the SaaS and cloud offerings, which now account for 90% of Visma's revenues. The Norwegian company's technological ambitions are not limited to organic growth. Thanks to more than 6,000 dedicated developers, artificial intelligence has been integrated into the heart of the company's products, and is already improving the efficiency of both users and in-house teams.
At the same time, the company stepped up its external growth strategy with 15 targeted acquisitions over the half-year, including Talana in Chile, Conta Azul in Brazil, Finmatics in Austria, Evoliz in France, and Penneo in Denmark. Each operation reinforces the depth and complementarity of the Group's portfolio of solutions, both for SMEs and for major groups such as Auchan, Migros and Tesco.
Visma generated 524 million euros in free cash flow from operations, up 13.4% on the previous year. In practical terms, this represents the capital actually available once everything required to run the company on a day-to-day basis has been paid for. It's an excellent indicator of financial health. Thanks to its entrepreneurial and inclusive culture, recently hailed by the Financial Times as one of Europe's best employers, the company continues to establish itself as a leader in cloud software.
