Brief: Pexip Announces Annual Recurring Revenue Growth Of 73 %

Pexip Holding ASA

07/01/2021 06:15

Jan 7 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * PEXIP ANNOUNCES ANNUAL RECURRING REVENUE GROWTH OF 73 %
    * PEXIP HOLDING ASA - IN Q4 2020, PEXIP INCREASED ITS ARR WITH 73% YEAR-ON-YEAR TO USD 81.9
MILLION.
    * PEXIP HOLDING ASA - PEXIP'S SUBSCRIPTION BASE MEASURED IN ARR REACHED USD 81.9 MILLION IN
Q4
2020, UP FROM USD 47.2 MILLION IN Q4 2019, REPRESENTING A YEAR-ON-YEAR INCREASE OF 73%.
    * PEXIP HOLDING ASA - OF 73% YEAR-ON-YEAR GROWTH IN ARR, 59 PERCENTAGE POINTS (PP) ARE FROM
NEW
CUSTOMERS AND 14 PP ARE FROM EXISTING CUSTOMERS
    * PEXIP HOLDING ASA - PEXIP GENERATED NEW ARR (DELTA ARR) OF USD 9.1 MILLION IN Q4 2020,
COMPARED
TO USD 4.4 MILLION IN Q4 2019, REPRESENTING AN INCREASE IN DELTA ARR OF 108% YEAR-ON-YEAR.
    * PEXIP HOLDING ASA - COMPANY IS ON TRACK TO REACH USD 300 MILLION IN ARR BY 2024
    * PEXIP HOLDING ASA - WE ARE EXPERIENCING A HIGH DEMAND FROM LARGE ENTERPRISE CUSTOMERS AND
PUBLIC
SECTOR ORGANIZATIONS

Source text for Eikon:  ID:nWkr8l7Bj0 
Further company coverage:  PEXIP.OL 

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