Pexip adds USD 7.1 million in Annual Recurring Revenue during Q3 2021
(Oslo, Norway, October 7, 2021) In this trading update, Pexip Holding ASA (“Pexip” or “The Company” Oslo Børs Ticker: PEXIP) presents its Annual Recurring Revenue (ARR) for the third quarter (Q3) of 2021. In Q3 2021, Pexip increased its ARR with 37% year-on-year to USD 99.8 million.· Pexip’s subscription base measured in ARR reached USD 99.8 million in Q3 2021, up from USD 72.8 million in Q3 2020, representing a year-on-year increase of 37%. · Of the 37% year-on-year growth in ARR, the full 37 percentage points (pp) are from new customers. Net revenue retention rate, reflecting the