Forterro Continues to Build Momentum in Q3 2026 with Strong Recurring Revenue Growth and Sustained Profitability
Forterro, the European software provider dedicated to businesses that make, move and craft the products the world relies on, continued to strengthen its position in the third quarter of 2026, delivering growth in cloud bookings and recurring revenue while maintaining strong profitability.
Through the first nine months of 2026, Forterro achieved:
- 18% total bookings growth
- 42% cloud bookings growth
- 14% recurring revenue growth
- 79% recurring revenue as a proportion of total revenue
- 33% EBITDA margin
The results reflect the resilience of Forterro's business model and the continued transition towards recurring revenue and cloud-based solutions. With recurring revenue accounting for 79% of total revenue, Forterro continues to benefit from a highly predictable revenue base while investing in product innovation and customer success.
Cloud bookings remained a key growth driver during the quarter, as industrial businesses continue to modernise their software environments and embrace technologies that improve operational efficiency, visibility and decision-making.
Innovation Momentum Accelerates into Q4
Alongside delivering strong financial performance, the quarter also saw Forterro continue to advance its AI strategy through launching MyForterro.ai, extending practical AI capabilities across its product portfolio. As ERP evolves from a traditional system of record into a system of execution, Forterro is helping customers embed intelligence directly into business processes and workflows, enabling faster decisions, greater automation and improved operational outcomes.
Dean Forbes, CEO of Forterro, said:
“Our Q3 performance demonstrates the strength and resilience of Forterro's business model. While market conditions remain mixed across parts of Europe, we continue to see strong demand for cloud solutions and growing adoption of recurring software services. At the same time, we are accelerating the evolution of our software from systems that record activity to platforms that help customers take action. Through MyForterro.ai, we are embedding practical AI capabilities into the workflows our customers rely on every day, helping them improve productivity, strengthen decision-making and unlock new opportunities for growth.”
Looking ahead, Forterro enters the final quarter of 2026 with strong momentum, a resilient recurring revenue base and an exciting roadmap of strategic initiatives. Building on the successful launch of MyForterro.ai, the company is preparing to share further developments in Q4 as it works to close out another outstanding financial year.