Canonical's revenue increased by $46 million, driven by gains in sales, marketing, and research and development, while operating profit was $45 million. The company, based in London, U.K., saw its revenue increase by $46 million to $251 million from the previous year, up slightly from $44 million in 2022.
Sales and marketing rose to 21 percent of total revenue, while research and development expenses remained at 26 percent. As for revenue sources, nearly 80 percent comes from subscription services, such as Ubuntu Pro. To support this growth, Canonical increased the average workforce from 858 to 1,034 employees, focusing mainly on expanding the sales, marketing, research and development departments.
Most of Ubuntu's market is in the United States and generates about 80 percent of the company's total revenue. Europe, on the other hand, contributes only about 8 percent.
Canonical's Board of Directors expressed satisfaction with the company's performance and strategic direction, noting that the investments made during the year should pave the way for sustained future growth.
Sales and marketing rose to 21 percent of total revenue, while research and development expenses remained at 26 percent. As for revenue sources, nearly 80 percent comes from subscription services, such as Ubuntu Pro. To support this growth, Canonical increased the average workforce from 858 to 1,034 employees, focusing mainly on expanding the sales, marketing, research and development departments.
Most of Ubuntu's market is in the United States and generates about 80 percent of the company's total revenue. Europe, on the other hand, contributes only about 8 percent.
Canonical's Board of Directors expressed satisfaction with the company's performance and strategic direction, noting that the investments made during the year should pave the way for sustained future growth.
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