OneStream Starts off 2023 With Strong Momentum in Q1
CPM software provider reports Annual Recurring Revenue increased 45% year-over-year
April 11, 2023 09:00 AM Eastern Daylight Time
BIRMINGHAM, Mich.--(BUSINESS WIRE)-- OneStream, a leader in corporate performance management (CPM) solutions for the world's leading enterprises, today announced that its Annual Recurring Revenue increased 45% year-over-year in the first quarter ending March 31, 2023.
The company grew its customer base by 25% year-over-year, with nearly 1,200 customers globally. New customers signed in Q1 2023 include: 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 also received several industry recognitions as a leading provider of CPM solutions, including:
- Recognized as a Top Workplaces USA winner
- Named a Leader in the Nucleus Research CPM Technology Value Matrix
- Recognized as a Market Leader in the BARC Score Financial Performance Management 2023 report
- Recognized as a Software Reviews EPM Champion
"OneStream entered 2023 with strong momentum, growing our customer base to over 1,200 globally and expanding our footprint with a number of existing customers," said Craig Colby, President at OneStream. "We look forward to welcoming over 2,000 attendees at our upcoming Splash DC User Conference where we will highlight the many new platform innovations we have delivered, especially in the area of AI and Machine Learning, and the expansion of our solutions MarketPlace."
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.
About OneStream Software
OneStream Software provides an intelligent finance platform built to enable confident decision-making and maximize business impact. OneStream empowers Finance and Operations teams with insights to make faster and more informed decisions every single day. We unleash organizational value by unifying data management, planning, reporting, analytics, financial close and consolidation. All through a single, modern corporate performance management (CPM) platform designed to continually evolve and scale with your organization.
OneStream is an independent software company with over 1,200 customers, 230 implementation partners and nearly 1,300 employees. Our primary mission is to deliver 100% customer success. To learn more, visit www.onestream.com.
