Cxense ASA: End of quarter recurring revenue update
Oslo, Norway - 11 October 2018 - Cxense ASA (OSE: CXENSE) today announced that it in Q3 2018 signed 15 new contracts with Quarterly Recurring Revenue (QRR) effect of USD 229 thousand for the company's core offering. Of the new QRR in the core segment, USD 155 thousand came from new customers and the remaining USD 74 thousand from upsells to existing customers. Cxense had on average 9 effective sales quotas in Q3, down from 11.5 in Q2 2018. Sales efficiency was down 7% compared to the previous quarter, mainly driven by reduced sales activity during the summer holiday.Full QRR effect from