“In the second quarter of 2024, we continued to deliver impressive growth in Managed Services bookings, a testament to the hard work of our team and our overarching growth strategy,” said
“Managed Services reported a robust 46% year-over-year growth in the first half of the fiscal year, achieving
“While Managed Services remains our primary key revenue driver, we are also experiencing continued growth of our SaaS customer base, particularly with FormAI,” he continued. “We concluded the quarter with a record number of active SaaS customers.”
Bookings are a measure of all sales orders minus any known or expected cancellations or refunds with respect to such sales orders or refunds. Management uses bookings to inform expectations of total sales activity. Bookings are not always an indicator of revenue for the quarter and could be subject to future adjustments. Revenues from Managed Services bookings are typically recognized over a seven to nine-month period on average.
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Attachment
- IZEA Announces Q2 2024 Managed Services Bookings of
$10.3 Million
Nicole O’HaraIZEA Worldwide, Inc. Phone: 407-674-6911 Email: ir@izea.com
IZEA Announces Q2 2024 Managed Services Bookings of $10.3 Million
Managed Services Grows 46% Year-Over-Year in the First Half of 2024 to $19.6 Million
2024 GlobeNewswire, Inc., source