Pexip Holding ASA: Results for first quarter 2020
(Oslo, Norway – May 27, 2020) Pexip Holding ASA reported NOK 150.1 million in revenue for Q1 2020, an increase of 67% compared to the Q1 2019 revenue of NOK 89.9 million. Revenue from Infinity, Pexip’s self-hosted software offering, amounted to NOK 111.8 million, up from NOK 66.8 million in Q1 2019. Revenue from cloud services amounted to NOK 38.3 million in Q1 2020, up from NOK 23.1 million in Q1 2019. EBITDA was NOK 35.8 million in Q1 2020 (24% of revenue) compared to NOK 19.8 million in Q1 2019 (22% of Revenue). The subscription base, measured in Annual Recurring Revenue (ARR), grew