Beyond the 2018 Financial Milestones Wall

Bruno Duréault

Chief Financial Officer

Above and Beyond Financial Milestones in 2018

To all: rejoice! we’ve closed another big financial year at Sievo! Let’s take a quick look in the rear-view mirror and review our financial performance in 2018.

If you follow our company closely, you may remember that 2017 was a record year for Sievo with 47% revenue growth. This was always going to be a tough record to beat, and we didn’t quite make it in 2018. We grew our top-line revenue by 24% in 2018.

There is no need to be down-hearted about it though: we are gaining market share in a growing and highly competitive market. We’ve sustained our growth organically while keeping Sievo profitable. I say this is a strong result.

Looking beyond growth, we also passed a symbolic and important milestone in 2018. Our turnover passed 10M€, landing at 11,5M€ for the year. An influential analyst claimed some time ago that no self-financed procurement analytics vendor could make it above 10M€ in a sustainable manner. We’ve gone above and beyond that level, handling increasing customer complexity, demanding technical challenges and huge competitors.

We’ve made it beyond the 10M€ wall … and we intend to keep growing. To maintain the pace, we will be revealing in the next few weeks and months exciting news about our products.

Thanks to our customers for your trust and for the challenges you bring to the table.

Thanks to every Sievo employee for your dedication, creativity, and professionalism.

Together, we made it beyond the wall. Now, let’s take in 2019!

All articles

Related articles

Bruno Duréault

Chief Financial Officer


Sievo Achieves Record 47% Revenue Growth in 2017

As we have closed 2017, here are 3 numbers we would like to share with you. 47. 47% revenue growth, year on…



Sievo a Deloitte Technology Fast 5o Company in Finland for the 5th Year in a Row

Deloitte Technology Fast 50 praised Sievo’s accomplishments for the 5th year in a row ranking the Firm #43 in the industry’s most…

Never miss news from Sievo