Cloud ERP software provider Intacct announced an increase of new bookings in the company’s second fiscal quarter (ending December 31) of 47 percent over the same period the year prior. The overall increase in new bookings for the first half of the company’s fiscal year was 45 percent.
Intacct’s second quarter saw strong growth in new customer bookings and add-on sales to existing customers, with the company and its channel partners closing a record number of customer deals in one quarter and reporting the largest number of multiple deals in one quarter.
Specifically, Intacct has seen continued strong demand from growing companies in the vertical markets of software/SaaS, services, healthcare, hospitality and nonprofit organizations.
"While there may be volatility in the stock market, Intacct continues to execute at a high level across the business and delivered a growth rate of nearly 50 percent this quarter because we empower companies with insights to grow their business," stated Intacct CEO Robert Reid. “We remain focused on providing midsized companies with a cloud ERP system that offers unmatched functionality for streamlining financial processes and gaining deep business insights. This enables our customers to be more agile than their competitors and win in the marketplace. Layer on top of that our high levels of customer service and you have a formula for happy customers and sustained success."
In the past year, Intacct increased headcount by more than 40 percent and doubled the size of its headquarters in downtown San Jose.
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