CXENSE ASA ANNOUNCES THIRD QUARTER RESULTS
OSLO, NORWAY – NOVEMBER 17, 2016 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE THIRD QUARTER, WHICH ENDED SEPTEMBER 30, 2016. Highlights: · Cxense’s personalization offering drives growth on new and existing customers · Q3 2016 revenue from Data Management & Personalization Software was USD 4.3 million, up 90% year-over-year · Closed 26 new contracts representing new Annualized Recurring Revenue (ARR) of USD 1.0 million in a seasonally weak quarter · Lost ARR (churn) in the quarter down to USD -0.5 million, whereof only USD -0.15 million from Data Management &