Workiva, a cloud-based platform that enables connected reporting across accounting, risk, and finance, has reported total revenue for 2020 at $351.6m.
The figure represents an 18% rise from the $297.9m of revenues the company operated over in 2019.
Moreover, the group announced that gross profit for the period rose to $261.4m, with $70.2m of that coming in the final quarter of the financial year.
Marty Vanderploeg, CEO at the group, said: “We are pleased with our fourth quarter and full-year 2020 results, which beat guidance for revenue and operating income.
“We have successfully upgraded all of our customers to our new platform, which is more open and scalable.”
He added: “With the upgrade now complete, we are prioritizing three areas where we see opportunities for revenue growth: development and deployment of fit-for-purpose solutions, global expansion and our partner ecosystem.”
Workiva also revealed that Jill Klindt, the firm’s current senior vice president, treasurer, and chief accounting officer, has been named CFO effective February 27 2021.
Klindt will replace the outgoing Stuart Miller, who is set to retire.
Miller said: “Working with the extraordinarily talented people at Workiva has been a highlight of my career.
“I believe Workiva is in great hands with Jill as CFO, having worked closely with her for many years.”