Omada Marks Fourth Consecutive Year of Sustained Momentum with Industry-leading Contract Value and Recurring Revenue Growth
COPENHAGEN, Denmark, Jan. 30, 2024 /PRNewswire/ -- Omada A/S ("Omada"), a global leader of Identity Governance and Administration (IGA) Software-as-a-Service (SaaS), closed a fourth consecutive year of strong performance leading into 2024. The company ended its fiscal year with impressive results, including 34% growth in annual recurring revenue (ARR) compared to the prior year. Additionally, last year's new customer acquisition and net revenue retention rates demonstrate the transformative value realized by customers.
- The company ended its fiscal year with impressive results, including 34% growth in annual recurring revenue (ARR) compared to the prior year.
- Additionally, last year's new customer acquisition and net revenue retention rates demonstrate the transformative value realized by customers.
- Other key financial highlights for 2023 include 32% growth in software revenue, 114% in net revenue retention (NRR), 98% in gross revenue retention (GRR) and 40% growth in new annual contract value (ACV).
- Omada has gained significant traction with its full featured IGA SaaS solution Omada Identity Cloud, that can be deployed in less than 90 days.