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Pexip says new users help boost Q1 annual recurring revenue by 54%

Thursday 8 April 2021 | 12:16 CET | News
Norwegian videoconferencing platform Pexip said in a trading update that its annual recurring revenue (ARR) in the first quarter of 2021 increased by with 54 percent year-on-year to USD 87.2 million from USD 56.7 million, driven by strong sales to new customers. The company is on track to reach USD 300 million in ARR by 2024, it said. 

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Categories: Fixed
Companies: Pexip
Countries: Norway
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