Pexip Q2 and First Half 2021 – solid growth driven by sales to new customers
Oslo, Norway, August 12, 2021 - The video communications provider, Pexip, today presented its quarterly results for the second quarter of 2021.Pexip's subscription base measured in Annual Recurring Revenue (ARR) reached USD 92.7 million in Q2 2021, up from USD 65.8 million in Q2 2020, representing an increase of 41%. Pexip demonstrated solid year-on-year growth despite delays in sales as a result of continued uncertainty around office openings. The growth was driven by several key contracts including: · NVIDIA, a Fortune 500 company and the largest Graphics Processing Unit (GPU)