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Kinaxis Inc. Reports Second Quarter 2021 Results • SaaS revenue grows 18 % to $ 42.3 million • Adjusted EBITDA ( ¹ ) margin of 12 % KINAXIS - OTTAWA , CANADA , AUGUST 5 , 2021 – Kinaxis® ( TSX : KXS ) , the authority in driving agility for fast , confident decision - making in an unpredictable world , today reported results for its second quarter . All amounts are in U.S. dollars . All figures are prepared in accordance with International Financial Reporting Standards ( IFRS ) unless otherwise indicated . " After three consecutive quarters of strong business momentum , I'm confident that the market has returned to a very healthy growth environment . With all the well - known disruptions that supply chains have endured over the past year , we are seeing a heightened level of interest in the hyper - agility that only Kinaxis can bring to the planning process , " said John Sicard , President and CEO of Kinaxis . " Compared to the first half of last year , we have won over twice the number of new customers , and our annual recurring revenue² is 24 % higher than a year ago . We believe that these are excellent indicators of the positive trends in our business and give us even greater confidence in our expectation of a return to higher SaaS revenue growth next year . " Q2 2021 Highlights $ USD thousands , except as otherwise indicated Q2 2021 Q2 2020 Change Total Revenue 60,056 61,373 -2 % SaaS 42,301 35,741 18 % Subscription term license 620 10,003 ( 94 % ) Professional services 14,001 12,400 13 % Maintenance and support 3,134 3,229 ( 3 % ) Gross profit 40,273 45,739 ( 12 ) % 67 % 75 % Profit 3,088 9,004 ( 66 % ) $ 0.11 / diluted share $ 0.32 / diluted share Adjusted EBITDA ( 1 ) 7,149 12 % 22,471 37 % ( 68 % ) Cash from operating activities 15,002 30,813 ( 51 % ) ( 1 ) " Adjusted EBITDA " is a non - IFRS measure and is not a recognized , defined or a standardized measure under IFRS . This measure as well as other non - IFRS financial measures reported by Kinaxis are defined in the " Non - IFRS Measures " section of this news release . Key Performance Indicators The nature of the company's long - term contracts provides visibility into future , contracted revenue . The following table presents revenue expected to be recognized in the future related to performance obligations that are unsatisfied ( or partially unsatisfied ) at June 30 , 2021 .