Jena, Germany, January 11, 2019 – Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omnichannel commerce, today announced further successes in its cloud business in the fourth quarter of 2018. Compared to the third quarter, incoming orders increased by EUR 3.0 million to EUR 4.0 million. For the full year 2018, incoming orders in the cloud business rose from EUR 2.1 million in the previous year to EUR 7.2 million, an increase of 238%.
Dr. Jochen Wiechen, CEO of Intershop Communications AG: "As already indicated in November 2018, the transformation of the business model from a license provider to a provider of commerce-as-a-service via the cloud is taking place faster than expected. Our "Cloud first" strategy announced at the beginning of last year is taking effect. As of September 30, we still recorded incoming orders in the cloud of EUR 3.2 million. At the end of the year, EUR 7.2 million had already been booked. We also achieved our target for 2018 with 13 new cloud customers."
The sales and earnings forecast for 2018 remains unchanged. For 2019, Intershop plans to accelerate transformation in favor of the cloud business and significantly increase the number of cloud customers. The basis for this is increased global visibility and an outstanding technological market position. The analysts at Forrester Research certified in the fall of 2018 that the company is positioned for B2B solutions with the best offering in the market. The intensified partnership with the global cloud market leader Microsoft is also important for increasing the acquisition of new customers.
Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With 30 years experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.
Intershop is built to boost your business. Learn more at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.