We innovate, develop and sell software aimed at analyzing, monitoring and modeling operations in organizations. Furthermore, we offer customers a variety of solutions and consulting services.
We focus our product development to meet the increasing challenges organizations face in leading their operations in digitalizing world. Our focus areas are process mining, process analytics and operational performance monitoring. We believe that the relevant market for these focus areas will grow significantly, as organizations collect more and more transaction and other event data from their operations.
In the next few years, we seek to grow especially our international software sales and are increasing our resources in marketing and sales. We accelerate our product development by increasing our resources in a controlled manner. Our target is to gain a significant share of the rapidly growing process mining market.
1. We have strongly renewed our software product portfolio in recent years and target international sales growth for our new products.
2. Our business model is highly scalable.
3. We have consistently maintained a strong cash flow from operating activities.
4. Approximately half of our revenue is recurring.
5. Our customer churn is low. Software rental and maintenance contracts have an average lifecycle of approximately 10 years.
In recent years, QPR Software has made significant investments in developing the Company´s new process mining software, as well as renewing the user interfaces of its software products. The Company estimates that the demand for process mining software and related services will continue to grow rapidly over the course of 2019.
In developed markets, we expect the competition for process and enterprise architecture modeling, and performance management software to remain tight. The Company still sees growth potential for these products in emerging markets.
QPR expects net sales to grow in 2019 (2018: EUR 10,047 thousand). The most significant sources of growth are the international process mining software sales of QPR ProcessAnalyzer, and the consulting services supporting QPR´s software business in Finland.
During financial year 2019, QPR will increase investments in its growing business segments. Due to these investments, the Company estimates that its operating result will be lower than in the previous year, while still remaining positive (2018: 5.2% of net sales).
QPR Q4 2018 Interview with CEO Jari Jaakkola
Chief Executive Officer
Chief Financial Officer