No blues in SUSE Q2 news

Melissa Di Donato, CEO of SUSE | SUSE Q2

SUSE has reported its Q2 financial results, revealing year-on-year revenue growth of 18 percent, to $161.3m. 

The company also reported a significant profit increase during the three months ending April 30, while its full-year financial results are expected to be ‘broadly in line’ with its previously provided guidance. 

SUSE stated that it will explore opportunities to acquire companies in high-growth market segments adjacent to its existing focus areas.

The company’s annualized recurring revenue increased 15 percent year-on-year, to $619.1m, with deferred revenue, a measure of future sales, growing from $6.2m a year ago, to $17.3m.

SUSE reported adjusted earnings before interest, taxes, depreciation, and amortization, of $58.6m, representing a 22 percent year-on-year increase.

Melissa Di Donato, SUSE CEO, said: “Our strong Q2 performance demonstrates the momentum of our business and our ability to grow with existing customers while attracting new customers. With the new general managers and sales structure, we will continue to serve our customers and innovate with our product offerings.”