Business
IKE: ARR up 48% YoY, gross margin at 69%, and major U.S. utility wins fuel strong outlook
IKE: ARR up 48% YoY, gross margin at 69%, and major U.S. utility wins fuel strong outlook
About this update from Ikegps Group Ltd
Subscription revenue grew 34% and gross margin rose to 69% as ARR exit run rate increased 48% year-over-year, driven by strong North American utility demand and new product adoption. A non-binding acquisition offer was declined due to insufficient shareholder support.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.