Y Soft Corporation has announced that its sales volume for fiscal year 2018 (July 2017 to June 2018) grew by 45% over fiscal year 2017 to (USD) 45 million, nearly 1 Billion in Czech Crowns, attributed in part to its multi-product platform strategy and SaaS pricing model.
Y Soft announced the general availability of YSoft SafeQ 6 as a platform in fiscal year 2017. The platform extended the YSoft SafeQ core product, print management, and included new product capabilities including automated scan workflows and 3D print management, the latter bundled with a 3D printer. Now, in fiscal year 2018, document capture capabilities accounted for 5% of the company’s total fiscal year sales volume representing 15% of the total sales volume growth.. Fiscal year 2018 saw an increase of closed subscription sales contract volume of 400% over fiscal year 2017.
Sales of YSoft SafeQ 6 overall had an impact as current customers upgraded to the new version and the total number of customers increased to 16,000 from 15,000.
The company’s sales volumes are comprised of software (31%); support/professional services (40%); and hardware, including companion products for YSoft SafeQ – external terminals, card readers and 3D printers (21%). Subscription contracts, which include software and support, were 8% of total sales volume.
“The growth we have seen this fiscal year is testament to the hard work of all YSofters, our partner community and the customer feedback we receive,” said Václav Muchna, CEO and co-founder, Y Soft. While we are encouraged from the validation of our strategy we are also excited about the future capabilities we have planned for the platform and the innovation growth engine we have put in place to ensure we continue to deliver new solutions and opportunities for our partners and customers.”
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