Mr. John Sicard reports

KINAXIS INC. REPORTS SECOND QUARTER 2023 RESULTS

Kinaxis Inc. has released its results for its second quarter ended June 30, 2023. All amounts are in United States dollars. All figures are prepared in accordance with international financial reporting standards (IFRS) unless otherwise indicated.

"We had a record number of customer wins, an increasing win rate against competitors and the highest amount of incremental subscription business won in any second quarter in Kinaxis's history," said John Sicard, president and chief executive officer of Kinaxis. "While we need to remain appropriately cautious about the global economy, we continue to see a persistent urgency to transform supply chain management practices. Siloed approaches are giving way to a concurrent, end-to-end orchestration model and Kinaxis remains alone in its ability to deliver on that vision."

Key performance indicators

The company's annual recurring revenue (ARR), which includes subscription amounts related to both SaaS (software-as-a-service) and on-premise contracts, rose 22 per cent to $293-million at the end of the quarter.

The nature of the company's long-term contracts provides visibility into future, contracted revenue.

The attached table presents revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at June 30, 2023.

Financial guidance

Kinaxis is reiterating its fiscal 2023 financial guidance, as shown in the attached table.

Guidance in this press release is provided to enhance visibility into Kinaxis's expectations for financial targets for the periods indicated. Please refer to the section regarding forward-looking statements that forms an integral part of this release. This press release along with the financial statements and MD&A (management's discussion and analysis) for the quarter ended June 30, 2023, are available on Kinaxis's website and on SEDAR.

Conference call

Kinaxis will host a conference call tomorrow, Aug. 10, 2023, to discuss these results. John Sicard, chief executive officer, and Blaine Fitzgerald, chief financial officer, will host the call starting at 8:30 a.m. Eastern Time. A question and answer session will follow management's presentation. Investors and participants must register for the call in advance. Please call the conference telephone number 15 minutes prior to the start time.

Date:  Thursday, Aug. 10, 2023

Time:  8:30 a.m. Eastern Time

Replay:   800-770-2030 or 647-362-9199

Available through Aug. 24, 2023

Reference No.:   29488

About Kinaxis Inc.

Everyday volatility and uncertainty demand quick action. Kinaxis delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, the company combines human intelligence with artificial intelligence and concurrent planning to help companies plan for any future, monitor risks and opportunities, and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste.

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