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Continuous growth: 97 quarters in a row and still accelerating

DB
David Boulder
· May 8, 2025 · 12 min read

Over the past 24 years, the company's revenue has grown from $6 million to more than three-quarters of a billion, and is expected to grow by nearly 20% in 2025 alone. More than 120,000 companies in over 80 countries use the service, with recurring revenue at the core of the business model, which currently accounts for over 90% of total revenue. The company has had 97 consecutive quarters of growth and has increased profits by more than 20% to $22.2 million in the first three months of this year alone. To maintain such a pace in the highly competitive technology sector is in itself exceptional.

Growth is not only internal, but also through acquisitions - last year alone, the company invested over $230 million to buy two specialist technology companies, expanding its know-how and service offerings. Its network connects manufacturers, retailers and logistics companies regardless of size, and currently provides communication across one of the largest data ecosystems in retail. With a…

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