Cxense ASA: End of quarter recurring revenue update
Oslo, Norway – 17 January 2019 - Cxense ASA (OSE: CXENSE) today announced that it in Q4 2018 signed 24 new contracts with Quarterly Recurring Revenue (QRR) effect of USD 247 thousand for the company's data management platform (DMP) with intelligent personalization, up 8% from the previous quarter. Of the new QRR in the core segment, approximately USD 148 thousand came from new customers and the remaining close to USD 100 thousand from upsells to existing customers. Cxense had on average 9 effective sales quotas in Q4, unchanged from Q3 2018. Full QRR effect from contracts notified to be