TOKYO, May 14 (Pulse News Wire) – Plaid,inc. (4165.T) reported strong Q2 revenue growth, with subscription sales up ¥4.070 billion compared to the same period last year.
Service recurring revenues also saw significant growth, contributing to a total revenue increase of ¥4.070 billion. Additionally, the company's net revenue retention rate improved to 109%, reflecting steady customer engagement and satisfaction. In the quarter, PLAID continued its focus on strategic investments aimed at long-term growth.
Adjusted operating profit reached ¥394 million despite increased spending on personnel recruitment and AI integration efforts. The company’s workforce expanded by 26 employees, bringing the total headcount to 593 as of the end of Q2. Looking ahead, PLAID expects continued investment in talent acquisition and product development to drive future revenue growth.
The company anticipates Q3 revenue to grow by 26.0% compared to the previous year, with adjusted operating profits reaching ¥345 million.
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