From their headquarters in Munich, NFON offers customers the very first pan-European PBX solution. They currently support more than 15,000 companies across 13 countries in Europe, and according to their results from the first quarter of 2018, that number is growing rapidly. Both NFON AG, and its subsidiaries have continued to see exceptional growth during the first quarter of 2018. Following a successful IPO in May this year, the business released its first quarter results, which highlighted a quarterly revenue of 10 million euros.
In the first quarter of this year, the company has experienced a steady increase in their share of recurring, long-term revenue, with a rise to around 80.6% total revenue. The increasing number of seats acquired by the firm is a significant driving factor in their growth. During the latest reporting period alone, the number of seats the company achieved increased by a whopping 31.1% to approximately 269,392 by the end of Q1.
Significant Wins for NFON This Year
The continued positive development of the NFON brand underlines the sustainability of their business model, as well as the desire for the products that they have to bring to the market. For instance, the cloud telephone system provided by NFON comes with more than 150 functions, alongside a state-of-the-art selection of premium upgrades too. The company is a market leader in Germany’s cloud telephony space, with more than 25% market share. However, they’ve also achieved some further big wins this year.
For instance, the lower capital of Austria recently signed up as a new customer, and NFON has also renewed their partnership with the Spanish group “Vector ITC”. This collaboration forms an important component of NFON’s strategy for internationalisation.
According to the CEO and CFO for the NFON AG business, Hans Szymanski, the increasing growth that the business has seen during the first quarter is an incredible example of how NFON are sticking to their plan of international penetration and development. The rising popularity of cloud has helped to push some of the growth for the brand, along with their innovative products and their experience in the marketplace.
Future Plans for NFON
As they look ahead towards a bright future, the NFON team hopes to eventually become the number one source of cloud solutions in Europe. In revenue terms, the business has announced that they expect their growth rate to exceed the 17% increase they saw in 2017. Additionally, they believe that the recurring revenue share should be somewhere between 75% and 80% for the whole of 2018. NFON AG hopes that the growth in number of seats will also be around 30% for the year.
To learn more about NFON’s recent achievements, you can download the full quarterly report on the company’s website.
