Kinaxis reports Q2 revenue of US$158.8 million, up 16%, as SaaS growth hits 20%
AI Market Summary
Kinaxis reported strong Q2 results with 16% revenue growth, accelerating SaaS (+20%) and annual recurring revenue (+19%), rising scenario-planning usage, larger deal sizes, and improved profitability (EBITDA margin 26%). Management raised full-year revenue and SaaS guidance and continued share repurchases, signaling durable enterprise AI adoption and cash-flow conversion. The news is company-specific and not a broad macro catalyst.
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Kinaxis reported second-quarter results with total revenue of US$158.8 million, up 16% year over year, while SaaS revenue rose 20% to US$106.5 million. Usage of scenario-planning activity on its platform continued to climb, with July up 30% from a year earlier. Average deal size nearly doubled from a year ago, annual recurring revenue increased 19% to US$465.6 million, and the company said it is winning large contracts more frequently.
