StockNews.AI
THRY
StockNews.AI
173 days

Thryv Accelerates SaaS Revenue in Fourth Quarter 2024, Exceeds Fourth Quarter SaaS Guidance

1. Thryv Holdings reported a 41% year-over-year increase in SaaS revenue. 2. SaaS now drives the majority of Thryv's revenue, indicating a strong transformation.

2m saved
Insight
Article

FAQ

Why Bullish?

The significant SaaS revenue growth signals strong demand and market position, similar to past tech firms benefiting from SaaS transitions.

How important is it?

The article highlights a pivotal revenue growth area for Thryv, affecting investor sentiment and future earnings potential.

Why Long Term?

Sustained SaaS growth may enhance THRY’s market position, comparable to others like Square, which saw long-term gains through software services.

Related Companies

SQADBENOW
DALLAS--(BUSINESS WIRE)--Thryv Holdings, Inc. (NASDAQ:THRY) (“Thryv” or the “Company”), the provider of Thryv®, the leading small business marketing and sales software platform, reported an increase in Total SaaS revenue of 41% year-over-year in the fourth quarter of 2024. “We delivered a strong fourth quarter with a robust increase in revenue and record SaaS margins, reaching a pivotal inflection point as SaaS now drives the majority of our revenue, reinforcing our transformation into a leadin.

Related News