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Blue Yonder Announces Strong Second Quarter 2022 ResultsBlue Yonder Holding, Inc. (Blue Yonder), announced unaudited results for the fiscal second quarter ending June 30, 2022. SaaS revenue grew to $125 million in Q2 2022, up 38% compared to Q2 2021 and comprised 40% of total revenue. SaaS annualized recurring revenue (ARR) for Q2 2022 was $514 million, up 29% compared to Q2 2021. Total subscription revenue1 represented 68% of total revenue. "With strong results for the second quarter this year, Blue Yonder is well-positioned for continued success. I am so excited to be leading one of the largest supply chain software companies at such a critical time, when supply chain and e-commerce are at the center of every board room conversation. We will continue to elevate our leading platform and solution offerings to ensure our customers are successful in delivering on their consumer promises during this time of great disruption. Our goal is to fulfill their potential by leveraging a cloud-based, product-first strategy that enables customers to rapidly accelerate their digital transformations," said Duncan Angove, CEO, Blue Yonder. Further demonstrating the company's industry leadership, Blue Yonder was recently positioned by Gartner® as a Leader in its 2022 Magic Quadrant™ for Warehouse Management Systems (WMS)2. Blue Yonder is the only company recognized a Leader in three Gartner Magic Quadrant reports3 covering Supply Chain Planning, Transportation Management Systems and Warehouse Management Systems.
Second Quarter 2022 Highlights (unaudited)
SaaS net revenue retention rate (NRR)4, a key metric which demonstrates that customers are expanding their business with Blue Yonder, was 108% for Q2 2022.
Q2 2022 Customer Momentum
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About Blue Yonder
"Blue Yonder" is a trademark or registered trademark of Blue Yonder Group, Inc. Any trade, product or service name referenced in this document using the name "Blue Yonder" is a trademark and/or property of Blue Yonder Group, Inc. All other company and product names may be trademarks, registered trademarks or service marks of the companies with which they are associated.
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