IFS Reports 30% ARR Growth and Advances in Industrial AI
IFS has announced a 30% increase in Annual Recurring Revenue (ARR) for the first half of 2025, announced in a press release. The company attributes this growth to its innovative Industrial AI solutions and strategic acquisitions, including the purchase of TheLoops.
IFS's cloud revenue also saw a significant rise of 37% year-over-year, with recurring revenue now making up 82% of the total revenue. The company has successfully attracted 130 leading industrial brands, such as Arcelor Mittal and Japan Airlines, to its platform.
In addition to organic growth, IFS has launched Nexus Black, an AI innovation accelerator, which is delivering scalable solutions for complex industries. This initiative, along with the acquisition of TheLoops, marks a new era for enterprise software, enabling self-learning AI agents to operate in real-time environments.
The company's CEO, Mark Moffat, emphasized the connection between IFS's performance and its AI innovations, highlighting the demand for AI solutions that solve real-world problems at scale.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Industrial AI Weekly or Daily AI Brief.
Also, consider following us on social media:
Industrial AI Weekly
The latest advancements in smart manufacturing, predictive maintenance, AI-driven quality control, supply chain & more.
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
IFS survey finds frontline teams lead industrial AI adoption
IFS Softeon Launches Fulfillment Flow for Warehouse Operations
Flynn selects IFS Cloud for North American operations
HCLTech Advanced AI Revenue Reaches $219 Million in Second Quarter
Infor Expands Industry AI Platform and Agent Governance
Daily AI Brief: the AI news that matters, in your inbox.