PLANVIEW ANNUAL RECURRING REVENUE EXCEEDED US$380 MLN IN 2022

KUALA LUMPUR, Jan 31 (Bernama) -- Planview, the platform for connected work from portfolio planning to delivery, saw its total annual recurring revenue (ARR) for fiscal year 2022 exceeded US$380 million, representing 17 per cent growth year-over-year (yoy). (US$1=RM4.245)

“It was another record year for Planview, underpinned by our commitment to build the digital future of connected work through product innovation and customer success.

“Our global customer base relies on our solutions to help them achieve productivity, efficiency and positive business outcomes from transformation initiatives across the enterprise,” said its Chief Executive Officer, Razat Gaurav in a statement.

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For the full fiscal year ending 2022, the company’s total revenue surpassed US$410 million, while monthly active users for leading products increased by 25 per cent yoy and customer retention rates were up to six per cent yoy.

In 2022, Planview added 482 net new customers with new and notable customers who selected or expanded their footprint with Planview including Builders FirstSource Inc, Delta Dental of California, DS Smith, Fonterra, General Motors, and Maximus Inc.

This growth was accelerated by the success of Planview’s connected platform of solutions, which helps organisations improve time-to-value, do more with the teams and resources allocated, and de-risk strategic investment decisions.

Planview’s innovation over the past year continued to drive desired business outcomes for customers with enhancements that include expanding Objective and Key Results capabilities and introducing Time-to-Market dependency and outlier analytics.

Additionally, the strategic acquisitions of Tasktop and Enrich in the first half of 2022 fuelled Planview’s data science, planning, connectivity and transformation offering.

Offering additional support for a more global customer base, Planview made strategic hires across its product development, customer success, sales and marketing functions as well as scaling up its global operations.

-- BERNAMA