Kinaxis (TSE:KXS) raised its full-year revenue and profitability outlook after reporting 19% third-quarter revenue growth, as new customers and expansions drove demand for its supply chain planning software.
The company reported revenue of $160.3 million for the quarter, while software-as-a-service revenue rose 22% to $112.3 million. It was the third consecutive quarter in which SaaS revenue grew at least 20% year over year, Chief Executive Officer Razat Gaurav said on the earnings call. All financial figures are in U.S. dollars unless otherwise noted.
Annual recurring revenue rose 19% to $483.9 million, and total remaining performance obligations, a measure of contracted future revenue, increased 21% to $1.03 billion. Gaurav said the company remains on track to exceed $500 million in annual recurring revenue by year-end.
Higher Full-Year Outlook
Kinaxis now expects 2026 revenue of $640 million to $650 million, up from its previous forecast of $625 million to $640 million. It raised its SaaS revenue growth outlook to 20% to 21% from 18% to 20%, and its adjusted EBITDA margin forecast to 26.5% to 27.5% from 25% to 26%.
Chief Financial Officer and Chief Strategy Officer Herb Yeh said...