Brief: Pexip's Subscription Base Measured In ARR Reaches $72.8 Mln In Q3

Pexip Holding ASA

06/10/2020 15:38

Oct 6 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * VIDEO COMMUNICATIONS COMPANY PEXIP ANNOUNCES ANNUAL
RECURRING
REVENUE (ARR)
    * SUBSCRIPTION BASE MEASURED IN ARR REACHED USD 72.8 MILLION
IN Q3
2020, UP FROM USD 42.8 MILLION IN Q3 2019, REPRESENTING AN
INCREASE OF 70%
    * REPORTED AN INCREASE IN ARR OF USD 7.0 MILLION FOR Q3
2020,
COMPARED WITH USD 2.7 MILLION IN Q3 2019
    * IN ADDITION, CUSTOMER BASE ACQUISITION ANNOUNCED IN JULY
IS
EXPECTED TO HAVE AN OVERALL IMPACT ON ARR OF USD 2 TO 3 MILLION
    * CONTINUES TO TRACK AHEAD OF ITS PLAN TO REACH USD 300
MILLION IN
ARR BY 2025

Source text for Eikon:  ID:nObiNkr93a 
Further company coverage:  PEXIP.OL 

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