Penneo continued its high ARR growth rate in 2020-Q3
Company Announcement No. 11-2020Copenhagen, November 25 2020Financial report for the period July 1 2020 - September 30 2020 Highlights 2020-Q3-YTD · Annual Recurring Revenue (ARR) end of 2020-Q3 was 32,7M DKK which is 38% higher than 23,7M DKK end of 2019-Q3 2020-Q3 · Penneo increased total ARR by 3,2M DKK in 2020-Q3 which is 78% higher than 1,8M DKK in 2019-Q3 · Penneo increased the ARR uplift from existing customers by 2,3M DKK ARR in 2020-Q3 which is 130% higher than 1,0M DKK in 2019-Q3 · Penneo continued to see the effects of its digital marketing activities,