BIRMINGHAM–OneStream Software, a developer corporate performance management software, announced that its annual recurring revenue rose 45% in the first quarter ended March 31 compared to the first quarter of 2022.
The company grew its customer base by 25% year-over-year, with nearly 1,200 customers globally. New customers signed in quarter included AIT Worldwide Logistics Inc.; Mitsubishi Electric Power Products Inc.; Phillips 66; Pomerleau; RaceTrac; Target Australia; Vander-Bend Manufacturing; and Voestalpine. Additionally, OneStream grew its global headcount to nearly 1,300 over the course of the quarter.
“With the economic headwinds organizations are facing in 2023, it’s imperative for them to have efficient financial processes and clear visibility into financial and operational metrics to remain agile,” said Tom Shea, CEO at OneStream. “OneStream is helping our customers streamline their planning and reporting processes, while providing near real-time insights into financial and operational trends and signals that support confident decision-making at the speed of business. Our Sensible ML solution is now reducing the barriers to leveraging advanced analytics and helping customers generate faster and more accurate forecasts that support more impactful decision-making.”
OneStream is planning to hold its 2023 Splash User Conference and Partner Summit in Washington, D.C. from April 17-20. For more information and to register for the event, visit the Splash event page at splash.onestream.com.