Alarm.com SAAS Revenue Jumps 9 Per Cent

Alarm.com SAAS Revenue Jumps 9 Per Cent To $US145 Million.

Alarm.com SAAS Revenue Jumps 9 Per Cent – Alarm.com 2023 Q3 SaaS and license revenue has jumped 8.9 per cent to $US145 million, with annual revenues for 2023 projected to reach $881 million, a modest 2.6 per cent increase.

Alarm.com’s SaaS and license revenue was up from $133.1 million in 2022 to $145 million this year, while its total revenue grew from $221.9 million last year to $216.1 million in 2023.

“We are pleased to report solid results in the quarter and continued contributions from our various growth initiatives,” said Steve Trundle, CEO of Alarm.com.

“Our continued innovation in cloud-based safety and security solutions will help drive growth for our service providers and our business in global markets in the years ahead.”

Alarm.com SAAS Revenue Jumps 9 Per Cent To $US145 Million

Alarm.com credited some of the strong SAAS and performance to its recently upgraded mobile app, which it said offered a more immersive and intuitive user experience, while streamlining access to high-use capabilities, such as live video feeds and video clips.

You can learn more about Alarm.com in Australia here or read more SEN news here.

“Alarm.com SAAS Revenue Jumps 9 Per Cent To $US145 Million.”