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Sep 30, 2021
Enfusion Q3 2021 Earnings Report
Enfusion's Q3 2021 results were announced, with revenue up 46.8% year-over-year.
Key Takeaways
Enfusion reported strong Q3 2021 results, with total revenue reaching $29.0 million, a 46.8% increase year-over-year. The growth was driven by new client signings and expansion from existing clients. Net income was $3.3 million.
Total revenue grew to $29.0 million, up 46.8% year over year.
Platform Subscriptions revenue grew to $27.1 million, up 48.4% year over year.
Managed Services revenue grew to $1.9 million, up 61.5% year over year.
Net income was $3.3 million compared to net income of $5.6 million during the same period in the prior year.
Enfusion
Enfusion
Enfusion Revenue by Segment
Forward Guidance
Enfusion provided guidance for Q4 2021, expecting revenue between $30.0 million and $30.5 million, and income from operations between ($293) million and ($294) million.