Macrobond, the leading provider of time-series technology and global macroeconomic and financial data, reported a 70 percent jump in sales in the third quarter compared with the same period in 2021.
It was the sixth consecutive quarter of record growth for the Swedish company, with annual recurring revenue (ARR) rising about 30 percent in the last twelve months.
With the world economy whipsawed by events such as rampant inflation, dramatic central bank interventions, plunging stock markets, commodity price swings and war, an increasing number of financial professionals sought access to Macrobond’s extensive data and analytical and visualisation tools. The depth and breadth of Macrobond’s data has never been so important, with developed markets, emerging markets and frontier markets all under the microscope.
To meet customers’ evolving needs, Macrobond continues to augment its offering of high-frequency, real estate and ESG data, along with more traditional macro and financial time-series data. Macrobond is providing a single source of truth for financial professionals.
Tomas Liljeborg, Chief Executive Officer, said: “Given these unsettling economic times, our customers rely on Macrobond for the speediest journey possible to better investment decisions and research. Demand is accelerating for our time-series technology, which offers unique ways for our customers to collaborate and serve their own clients. The data our customers produce themselves is often their most valuable – and we are the only provider offering technology for the full research ecosystem, so customers can combine their proprietary data with our enriched global economic and financial information.”
Howard Rees, Chief Commercial Officer, said: “Macrobond is constantly evolving. Our solutions cover the full workflow, from research production to consumption and then publication. A continuing theme is the move away from Excel, with more firms attempting to create a dynamic, collaborative, modern working model. Our customers are unlocking huge efficiency gains and dramatically shortening the time it takes to produce research. We have also seen a welcome increase in the number of `enterprise’ deals, where firms adopt our full suite of products and connect multiple departments and locations.”
Macrobond is a leading provider of global economic, aggregate financial and sector time-series data for professionals including economists, analysts, quants, strategists, portfolio managers and asset allocators. Founded in Malmo, Sweden in 2008, its flexible SaaS solution delivers timely macroeconomic data from more than 2,500 sources, supported by the most comprehensive metadata in the industry. Macrobond’s integrated analytical tools enable customers worldwide to quickly find, analyse and visualise relevant data. Automated workflows empower users to instantly share their insights, enhancing enterprise-wide collaboration and improving productivity.