IFS industrial AI bookings triple as ARR tops €1.3 billion
Software firm IFS reported ARR up 24% year on year to over €1.3 billion, with new industrial AI bookings in 2026 already more than triple the full-year 2025 total.
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what happened
According to IFS, published via PRNewswire, annual recurring revenue (ARR) passed €1.3 billion at the end of the third quarter, rising 24% year on year. Recurring revenue made up 85% of total revenue.
New industrial AI bookings for the first nine months of 2026 already exceed three times the whole of 2025. The company says customers are moving from pilot projects into daily operations, naming Tesco, LATAM Airlines, Yeo Valley and Mitsubishi Electric among them. IFS also said more than 100 customers signed up in the third quarter to pilot its IFS Intelligence product.
why it matters
For investors, this points to a growing share of recurring revenue at IFS and to demand for AI in industrial settings. The company is small next to the largest software players, so its effect on the broader market is limited.
market impact
Software sector: strong IFS bookings point to demand for industrial AI
tags
instruments
sources
- IFS industrial AI bookings triple as ARR passes €1.3 billion — TradingView, 22 October 2026 at 14:26 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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