Pexip Q3 2021 – Solid growth driven by sales to public sector organizations
Oslo, Norway, November 11, 2021 - The video communications provider, Pexip, today presented its quarterly results for the third quarter of 2021. Pexip's subscription base measured in Annual Recurring Revenue (ARR) reached USD 99.8 million in Q3 2021, up from USD 72.8 million in Q3 2020, representing an increase of 37%. Pexip demonstrated solid year-on-year growth due to strong sales to public sector organizations. Key highlights for the quarter include: · ARR reached USD 99.8 million, reflecting a 37% growth year-on-year · Revenues at NOK 183 million, 35% growth year-on-year ·