Blockchain Press Releases
IFS delivers 38% YoY revenue growth with sharp rise in demand for its AI capabilities
- Mix of Cloud revenue up 55% YoY and ARR up 55% YoY signal robust forward performance.
- Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.
LONDON, July 25, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced its financial results for the first half of 2023 ending June 30th, with annual recurring revenue up a significant 55 percent year on year, cloud revenue up 55 percent and software revenue up 44 percent representing a 79 percent share of total revenue.
Despite the continued challenges posed by high inflation and monetary policy tightening, companies are further investing in technology. That said, with cloud, VR, RPA and IoT technology capabilities now seen as staple, the AI capability which IFS brings, embedded, natively to our customers is becoming a significant differentiator. This was confirmed in a recent IDC Info Brief* that indicated that capabilities that improve employee and asset productivity, build business resilience, and deliver faster time to value are more likely to secure the CFO’s share of wallet.
IFS’s roadmap remains firmly aligned to these trends with technology that accelerates intelligent insights and automation and optimizes people and assets. With AI well established throughout its automation, prediction, and optimization capabilities the company has seen a sharp increase in demand in H1 by both existing and new customers. As the new generation of AI matures, the company is set to accelerate innovation in this area and continue to deliver these capabilities in every new release.
Adding to the company’s H1 success, in June, IFS acquired Poka, extending its capabilities with connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency. Poka’s customer base includes global brands such as Nestlé, Tetra Pak, Mars, Bosch and RioTinto. The acquisition positions IFS as the only vendor with leading ERP, EAM and FSM capabilities now able to digitally connect workers across the end-to-end value chain.
During his 5 years tenure at IFS, CEO Darren Roos’ north star has been to deliver what customers asked for. From exponentially growing the ecosystem to provide choice, to successfully integrating multiple acquisitions to add new capabilities. In that time, the company’s also completed its own transformation and shifted its products and services business model to now being fully subscription-based. The company’s H1 results show the dividends of this focus, with consistently high renewal rates across its products and services, combined with a notable increase in new customers.
IFS CEO Darren Roos commented: “These results are the culmination of 5 years of hard work in establishing our business as a thought leader and as a partner that has the agility to respond to the needs of its customers. Roos added: “We have consistently been able to adapt faster to market dynamics than much larger competitors. Our 37 percent, 5-year ARR CAGR, is a validation of our customer intimacy and focus,”. He concluded: “I am proud of the ongoing commitment from our employees and partners and of the trust customers have shown us. The success of our organic and inorganic growth strategies is evidenced by our results and by our rankings as leaders year after year by customers and analysts.”
IFS Chief Financial Officer, Matthias Heiden, commented: “The ongoing macro-economic challenges mean companies are thinking carefully about their technology investments and focus on what will help build business resilience. We see this reflected in the number of customers moving to IFS Cloud and in how customers are prioritizing when and where they extend their IFS footprint”. Heiden continued: “With annual recurring revenue up 55 percent year on year, software revenue up 44 percent Year on Year and our success services up 68 percent year on year, our H1 results are signals of a robust outlook.” Heiden concluded: “The traction we have seen in the US in the first half of the year points to solid market penetration and that the value IFS is delivering is resonating”.
Through its software and success services, IFS is making it possible for customers to buy and consume technology in the way that creates the most value for them, so they can deliver amazing Moments of Service™.
* Shaping the future of Manufacturing, see the IDC info brief here.
Financial* and Operational Highlights for H1 FY2023:
H1 FY2023 software revenue was EUR 392m, an increase of 44 percent versus H1 2022
H1 FY2023 recurring revenue was EUR 373m, an increase of 49 percent versus H1 2022
H1 FY2023 cloud revenue increased 55 percent versus H1 2022
H1 FY2023 total revenue was EUR 493m, an increase of 38 percent versus H1 2022
*Note: all figures based in Euros and reported in constant currency.
In line with WorkWave establishing itself as a standalone business at the end of Q2 2021, the performance reported above excludes WorkWave’s contribution to the IFS Group.
Additional highlights:
- IFS has added multiple new logos across all its core industries, with wins such as Havfram, Bang & Bonsomer, Felker Brothers, Behlen Mfg, and Apex Clean Energy.
- IFS was named a Leader in the Nucleus Research Enterprise ERP Technology Value Matrix, 2023
- IFS ranked #1 in a Gartner report for 2022 Global EAM Market Share by Revenue for the second consecutive year.
Learn more at https://www.ifs.com/about/financial-information
About IFS:
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers-at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
CONTACT:
IFS Press Contacts:
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: [email protected]
Phone: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: [email protected]
Phone: +1 520 396 2155
The following files are available for download:
|
IFS H1 Results |
|
|
https://mb.cision.com/Public/855/3809234/a9b9f160ecbc1b63.pdf |
H1 Results Final |
View original content:https://www.prnewswire.co.uk/news-releases/ifs-delivers-38-yoy-revenue-growth-with-sharp-rise-in-demand-for-its-ai-capabilities-301884858.html
SINGAPORE, March 19, 2025 /PRNewswire/ — AB DAO has officially announced a strategic partnership with Alpha Technology Group Limited (Nasdaq: ATGL). The two companies will integrate their respective strengths to drive the innovative application and adoption of artificial intelligence (AI) and blockchain technology across supply chain management, enterprise operations, and the Internet of Things (IoT).
Alpha Technology Group Limited (ATGL), listed on the Nasdaq in 2023, specializes in AI technology development. Its AI-powered enterprise resource planning (ERP) systems provide intelligent automation solutions, significantly enhancing corporate management efficiency.
AB DAO, a leading AI-driven blockchain infrastructure provider, has designed the AB IoT network specifically to integrate blockchain and IoT technologies. It has already developed mature prototype products, including blockchain-powered smart energy meters, self-service payment kiosks, access control systems, and secure storage solutions, demonstrating strong market potential across various industries.
With complementary strengths in both technology and market positioning, this partnership will focus on advancing AI and blockchain integration in logistics, supply chain, and enterprise management. By delivering more efficient and secure industry solutions, AB DAO and ATGL aim to accelerate innovation and achieve mutual success.
(Alpha Technology Group Limited Official Website: www.atgl.io)
AB DAO Ecosystem Continues to Expand
With the Hotcoin listing, users can now trade $AB on the following exchanges:
Bitget (bitget.com)
HTX (htx.com)
MEXC (mexc.com)
BingX (bingx.com)
BitMart (bitmart.com)
Lbank (lbank.com)
Hotcoin (hotcoin.com)
UEEx(ueex.com)
4E (eeee.com)
Coming Soon
Biconomy (biconomy.com)
AB will continue listing on more exchanges, expanding its ecosystem use cases and accelerating worldwide adoption.
AB DAO’s Goal: 100 Million $AB Holders
Stay Updated with AB DAO
Official Website: https://ab.org
Telegram Global Community: https://t.me/Newtonproject
Telegram Chinese Community: http://t.me/ABgonglian
Telegram English Channel: https://t.me/AB202528
X (Twitter): https://x.com/ABDAO_Global
Discord: https://discord.gg/BSbgK6J
View original content:https://www.prnewswire.co.uk/news-releases/ab-dao-partners-with-alpha-technology-to-pioneer-the-aiblockchain-era-302405710.html
Blockchain Press Releases
MEXC Dominates Token Listings with Highest Success Rate and Speed – TokenInsight Report
VICTORIA, Seychelles, March 19, 2025 /PRNewswire/ — MEXC, a global cryptocurrency exchange, has reaffirmed its leadership in token listings, surpassing competitors in speed, volume, and market positioning, according to the latest TokenInsight Crypto Exchange report. Covering the period from November 1, 2024, to February 15, 2025, the report provides key insights into how centralized exchanges (CEXs) adapt to shifting market narratives during the latest bull run and how these changes influence their listing strategies.
Key Takeaways
- MEXC ranked first in spot listings, with 461 new tokens added.
- The report recognized MEXC as a “Trend Capturer,” citing the strong performance of its early-listed tokens.
- MEXC led in the conversion success rate (82.46%) for memecoin listings.
- The exchange listed TRUMP just 2 hours and 20 minutes after its initial on-chain liquidity injection—far ahead of competitors.
- MEXC was among the first exchanges to list major trend-driven tokens, including PNUT, CHILLGUY, AIXBT, BIO, RIFSOL, TRUMP, and VINE.
MEXC Leads in Token Listings and Market Agility
Over the past three months, MEXC has listed 461 new spot trading pairs—1.5 times more than Gate.io and 4.5 times more than Bitget—demonstrating its superior ability to capture market momentum. The exchange has maintained a consistent two-week listing cycle, ensuring that traders gain early access to promising assets before they reach mainstream markets.
This agility is particularly evident in key industry trends, as MEXC has emerged as the first major exchange to list tokens tied to the four dominant narratives of the current market: Meme, DeSci, AI Agent, and Celebrity Tokens.
A Leader in Early Listings
The TokenInsight report recognizes MEXC as a “Trend Capturer” for positioning its traders ahead of major market moves. By listing tokens early in their lifecycle, the exchange enables traders to capitalize on rapid growth opportunities.
For example, CHILLGUY was listed when its market cap was below $150 million and surged to $600 million within just ten days. MEXC’s reputation for early-market foresight has been reinforced by its rapid listing of high-performing tokens, including PNUT, CHILLGUY, AIXBT, BIO, RIFSOL, TRUMP, and VINE. Many of these tokens experienced significant price surges post-listing.
A standout case is TRUMP, which MEXC listed on January 18 at 03:20 UTC, just 2 hours and 20 minutes after its initial on-chain liquidity injection—well ahead of other exchanges, which didn’t follow until after 10:00 UTC. This ultra-fast turnaround underscores MEXC’s sharp market responsiveness, allowing traders to access high-momentum tokens before broader adoption.
Quality in On-Chain Listings
Unlike platforms that focus solely on token volume, MEXC takes a selective approach, prioritizing high-potential on-chain assets. TokenInsight’s data reveals that MEXC’s 82.46% conversion rate from on-chain listings to its primary spot market far surpasses Gate.io’s 11.76%, highlighting its ability to identify sustainable projects.
Largest Market Share and Top 5 CEX Ranking
With its ability to identify and list emerging trends faster than competitors, MEXC continues to solidify its position among top-tier exchanges. Beyond leading in new listings, CoinDesk data confirms that MEXC captured the largest market share among centralized exchanges in February 2025 and secured a top-five ranking based on overall market share.
The full report is available on TokenInsight’s official website.
About MEXC
Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 34 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.
For more information, visit: MEXC Website | X | Telegram | How to Sign Up on MEXC
About TokenInsight
TokenInsight is a leading research and data analytics firm focused on the cryptocurrency and blockchain industry. Through detailed market reports and data-driven insights, TokenInsight provides actionable intelligence to investors, exchanges, and industry participants.
Photo – https://mma.prnewswire.com/media/2645125/1920×1080.jpg
Logo – https://mma.prnewswire.com/media/2645195/MEXC_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/mexc-dominates-token-listings-with-highest-success-rate-and-speed–tokeninsight-report-302405695.html
Blockchain Press Releases
HTX Research Analysis: Bittensor’s dTAO Upgrade Redefines Decentralized AI Infrastructure
SINGAPORE, March 19, 2025 /PRNewswire/ — HTX Research, the research arm of HTX Group, has released an in-depth report titled, “dTAO and the Evolution of Bittensor: Reshaping Decentralized AI with Market-Driven Incentives.”. The evolution of artificial intelligence has transitioned from foundational model development to the refinement and optimization of existing systems, a trend exemplified by industry leaders such as DeepSeek and OpenAI. This analysis examines how Bittensor’s Dynamic TAO (dTAO) upgrade addresses inherent challenges within decentralized AI, positioning the network as a pioneering force in this emerging sector.
Bittensor’s Architecture: Foundation for a Decentralized AI Ecosystem
Bittensor’s architecture is structured around three core components: the Subtensor blockchain, a Polkadot parachain with EVM compatibility; 64 specialized subnets; and a governance-focused Root Subnet. The network employs a dual-key security system, Coldkey-Hotkey, and a subnet UID framework to facilitate secure and open participation for miners and validators. At the core of its operational model is the Yuma Consensus (YC), a dynamic incentive mechanism that diverges from traditional static reward systems. YC assesses validators’ weight vectors, derived from historical performance and stake, to distribute TAO rewards every 12 seconds, establishing a self-regulating “stake → weight → reward” loop. This mechanism aligns contributions with incentives while mitigating malicious activities through continuous adjustments.
The dTAO Upgrade: Market-Driven Resource Allocation
The dTAO upgrade, implemented on February 13, 2025, introduces liquidity pools for subnet tokens, fundamentally altering Bittensor’s economic framework. Key innovations include:
- Subnet Token Liquidity Pools: Each subnet’s dTAO tokens are paired with TAO in automated market-maker pools, enabling price discovery driven by supply-demand dynamics.
- Emission Rebalancing: 50% of new subnet emissions are injected into liquidity pools, incentivizing long-term participation.
- Validator-as-VC Dynamics: Validators now act as venture capitalists, strategically staking TAO into high-potential subnets to maximize returns.
This upgrade addresses previous systemic limitations, such as validator centralization, resource redundancy, and misaligned incentives. By linking subnet rewards to market performance, dTAO fosters competition, encouraging the development of specialized AI solutions, ranging from multimodal content detection to decentralized search engines.
Ecosystem Impact: Emergence of High-Performance Subnets
The implementation of dTAO has led to the emergence of high-performing subnets, operating within a self-reinforcing feedback loop where increasing token prices attract greater TAO emissions, subsequently drawing more users and validators. Examples include:
- Chutes: A CLI toolkit for deploying decentralized apps, Chutes’ subnet token surged rapidly, driven by its integration with Bittensor’s Subnets 19 and 56.
- Multi Modality (Subnet 4): Focused on AI-generated content detection, this subnet leverages balanced validator-miner challenges to ensure model accuracy.
However, projects like Kaito highlight potential pitfalls, demonstrating that technical proficiency alone does not guarantee success without robust integration with core product utility.
Despite the advancements introduced by dTAO, HTX Research also identifies ongoing challenges, including the lack of real-world demand drivers for TAO rewards, the potential for resource redundancy among overlapping subnets, and persistent validator centralization. To ensure sustained growth, HTX Research emphasizes the necessity for on-chain verifiability, standardized subnet performance benchmarking systems, and the integration of subnet token utility, such as governance or service access, to reduce speculative trading.
Bittensor’s dTAO upgrade signifies a transition from centralized governance to market-driven incentives. While challenges remain, the network’s architecture and economic model provide a solid foundation for decentralized AI innovation. As subnet tokens evolve into tools with tangible utility, Bittensor is positioned to redefine collaborative and competitive dynamics within AI ecosystems.
HTX Research remains committed to providing comprehensive analyses of these developments, offering actionable insights into the intersection of AI and blockchain technology. For the complete report, please visit Here.
About HTX Research:
HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends. Committed to providing data-driven insights and strategic foresight, HTX Research plays a pivotal role in shaping industry perspectives and supporting informed decision-making within the digital asset space. Through rigorous research methodologies and cutting-edge analytics, HTX Research remains at the forefront of innovation, driving thought leadership and fostering a deeper understanding of evolving market dynamics.
Contact: [email protected]
Photo – https://mma.prnewswire.com/media/2645188/HTX.jpg
Logo – https://mma.prnewswire.com/media/2391903/image_ID__Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/htx-research-analysis-bittensors-dtao-upgrade-redefines-decentralized-ai-infrastructure-302405636.html
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain – March 13, 2025: Featuring XRPTurbo, Ripple, DFSA, 75th USARIC, Allianz
-
Blockchain Press Releases5 days agoMEXC Lists AO (AO), Expanding Support for Decentralized Computing and AI Innovation with a 140,000 USDT Prize Pool
-
Blockchain7 days ago
Blocks & Headlines: Today in Blockchain – March 12, 2025 | Blockchain Week Rome, Sony Integration, DC Blockchain Summit, Base, BingX
-
Blockchain5 days ago
Concerned Stockholders Prevail in Delaware Court; Obtain Stockholder List Necessary for Robust Proxy Solicitation
-
Blockchain Press Releases6 days ago
HTX Ventures: DeepSeek Triggers AI’s “iPhone Moment”, Accelerating AI Agents into Real Crypto Use
-
Blockchain Press Releases2 days ago
MEXC Launches DeepLink Protocol (DLC) with Spot and Futures Trading, Offering 16,000,000 DLC & 149,000 USDT to Fuel Decentralized Cloud Gaming
-
Blockchain Press Releases6 days agoDeriW Testnet Launch Sets New Standards in Decentralized Derivatives Trading
-
Blockchain2 days ago
Blocks & Headlines: Today in Blockchain – March 17, 2025 – Featuring NFT Bonds, Tron, US-China Blockchain Race, Hong Kong Fintech, Project Yafa
