Video Communications Company, Pexip, Announces Continued Strong Sales Growth for Q2 2020
Delivers 64% year-on-year growth in Annual Recurring Revenue - the best Q2 in Pexip’s historyOslo, Norway, 2 July 2020 The video communications provider, Pexip, today reported an increase in ARR of USD 9.1 million during the quarter, which is 3.8X the corresponding figure in Q2 2019, of USD 2.4 million, and the best Q2 in the company’s history. This resulted in a contract base measured in Annual Recurring Revenue (ARR) of USD 65.8 million, giving a year-on-year growth in ARR of 64%. The company is tracking ahead of its plan to reach USD 300 million in ARR by 2025. The company