TraceLink Achieves 69% Overall Revenue Growth in Q1 2018, Including 270% Revenue Growth in EMEA
NORTH READING, Mass. — TraceLink Inc., the World’s Largest Track and Trace Network for connecting the life sciences supply chain and providing real-time information sharing for better patient outcomes, today announced financial and company results for the first quarter of 2018.
Financial growth highlights for Q1 2018 include:
•A 69 percent year-over-year increase in Q1 revenue, including revenue growth in the following regions:
◦386 percent revenue growth in APAC;
◦270 percent revenue growth in EMEA; and,
◦159 percent revenue growth in India.
•A 43 percent year-over-year increase in all bookings for Q1, including a 177 percent increase in EMEA bookings for the quarter;
•A two-year revenue compound annual growth rate (CAGR) of 70 percent; and,
•A 38 percent annual increase in customers for a total of 821 customers across 35 countries, demonstrating the largest customer base for pharmaceutical track and trace and serialization, spanning all segments within the global life sciences supply chain, including: