Macrobond, the leading provider of time-series technology and global macroeconomic and financial data, reported that first-quarter sales rose almost 60 percent year-on-year.
It was the company’s best first quarter, by a comfortable margin, in Macrobond’s 15-year history. Annual recurring revenue growth (ARR) on a last twelve months (LTM) basis surpassed 32 percent.
As demand for macroeconomic analysis keeps growing – even as firms face unrelenting pressure on costs – Macrobond's commitment to innovation has enabled the Swedish company to increase its market share. More and more firms are seeking to improve the efficiency of their research processes by joining our community.
Howard Rees, Chief Commercial Officer, said: “The first quarter is typically not the strongest, so to smash our previous Q1 record by such a huge margin bodes well for the year ahead. Our solution continues to help customers break down silos, eliminate manual processes and improve workflow, allowing them to produce more and better content, more quickly and accurately than ever before. Our pipeline is also at record levels. We are looking for talented salespeople to join us and capitalise on this unprecedented demand; please check out the careers section on our website if you want to join the fastest-growing company in this space."
Tomas Liljeborg, Chief Executive Officer, said: "We are thrilled to announce such strong first-quarter results, which reflect the hard work and dedication of all our teams across the business. Our solutions cover the entire research value chain, from idea generation to publication and investment decisions. I am particularly excited to see strong demand for our extended offering of Data+ and Web API solutions for quantitative analysis and users with extended data needs. We have also seen increased interest from our customers in using our desktop solutions to analyse, visualise, and share their own internal data via Macrobond, building a unique ecosystem for economic and financial analysis and collaboration."
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 and financial 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 insights, enhancing enterprise-wide collaboration and improving productivity.