Tux Machines

German Linux superpower SUSE delivers a great quarter

Posted by Roy Schestowitz on Jan 21, 2023

SUSE, a leading Linux and open-source company's Q4 2022 results for the quarter ending October 31, 2022, are out and look pretty darn good. According to its financial statement, SUSE's adjusted revenue was up 11% year-on-year to $170.3 million, and adjusted Earnings before interest, taxes, depreciation (EBITDA) was up 37% year-on-year to $65.9 million.

SUSE's strong close to the financial year also delivered FY22 adjusted revenue of $658 million, up 14%, and an adjusted EBITDA margin of 37%. The company also expects to see adjusted EBITDA margin expansion from FY22 and, in the medium-term, expects adjusted revenue growth around the mid-to-high teens' percentage., and an adjusted EBITDA margin in excess of 40%. Not bad! Not bad at all!

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