Cxense ASA : End of quarter recurring revenue update
Oslo, Norway – 13 April 2018 – Cxense ASA (OSE: CXENSE) today announced that it for Q1 2018 signed 22 new contracts with full Quarterly Recurring Revenue (QRR) effect of USD 335 thousand for the company’s core offering, the Data Management Platform with Intelligent Personalization software. The new QRR level was 9% above the average for the three preceding quarters and with average 12.5 effective sales quotas this represented a good sales efficiency. Full QRR effect from contracts notified to be terminated during Q1 2018 amounted to USD -219 thousand for the core business. 54% of lost