Brief: Pexip Holding Q4 ARR Up At USD 106.4 Mln

Pexip Holding ASA

10/01/2022 06:12

Jan 10 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * IN Q4 2021, PEXIP INCREASED ITS ARR WITH 30% YEAR-ON-YEAR
TO USD
106.4 MILLION
    * OF 30% YEAR-ON-YEAR GROWTH IN ARR, 29 PERCENTAGE POINTS
(PP) ARE
FROM NEW CUSTOMERS
    * WE EXPERIENCED GROWTH ACROSS ALL OUR CORE BUSINESS PILLARS
    * HOWEVER, VIDEO INFRASTRUCTURE AREA IS NEGATIVELY IMPACTED
BY
LIMITED USE OF OFFICES AND DELAYS IN ROLL-OUT OF NEW VIDEO ROOMS
    * VIDEO INFRASTRUCTURE AFFECTED BY RENEWED COVID-19
RESTRICTIONS
AND AS WELL AS DELAYS IN CUSTOMERS' VIDEO HARDWARE DELIVERIES
DUE TO CHIP SHORTAGES
    * Q4 NET REVENUE RETENTION RATE, REFLECTING PERCENT OF
RETAINED
REVENUE FROM EXISTING CUSTOMERS, WAS 101% YEAR-ON-YEAR,
INCLUDING CHURN OF 9.7% YEAR-ON-YEAR
    * PEXIP ADDS USD 6.6 MILLION IN ANNUAL RECURRING REVENUE
DURING Q4
2021

Source text for Eikon:  ID:nWkr6JfWF5 
Further company coverage:  PEXIP.OL 

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