Sectra's cloud recurring revenue surpasses SEK 1 billion
Sectra's three-month interim report reveals that the company's recurring revenue from cloud services has exceeded SEK 1 billion for the first time on a rolling 12-month basis. This achievement marks a significant milestone in the company's shift towards cloud-based solutions.
Linköping, Sweden – International medical imaging IT and cybersecurity company Sectra (STO: SECT B) has reported recurring revenue from its cloud services exceeding SEK 1 billion (approximately USD 95 million) for the first time, measured on a rolling 12-month basis. The company announced its results in its three-month interim report.
The report highlights strong growth in Sectra's cloud-based offerings, a key element of its strategic direction. The increase in recurring revenue indicates growing customer adoption and demand for its services delivered through cloud infrastructure.
"The result demonstrates our ability to succeed in the increasingly digitized market for medical imaging. Our cloud transition is progressing as planned and shows the demand for modern, scalable IT infrastructure in healthcare," said Sectra CEO Torbjörn Ek.
Sectra, specializing in Picture Archiving and Communication Systems (PACS) and other healthcare IT solutions, has focused on strengthening its position as a cloud service provider in recent years. This growth supports the company's long-term objectives and showcases its competitiveness in the sector.