Cxense ASA : End of quarter recurring revenue update
Oslo, Norway - 13 July 2018 - Cxense ASA (OSE: CXENSE) today announced that it in Q2 2018 signed 25 new contracts with Quarterly Recurring Revenue (QRR) effect of USD 316 thousand for the company's core software offering, the Data Management Platform with Intelligent Personalization. 60% of the new QRR came from new customers and the remaining from upsells to existing customers. With on average 11.5 effective sales quotas during Q2, sales efficiency was up 2% compared to Q1 2018. Full QRR effect from contracts notified to be terminated (churn) in Q2 2018 was USD -199 thousand for the