Pexip Holding ASA: Results for second quarter 2020
Video Communications Company Announces Another Record QuarterDelivers 64% year-on-year Growth in Annual Recurring Revenue The video communications provider, Pexip, today presented its Q2 earnings, reporting an increase in Annual Recurring Revenue (ARR) of USD 9.1 million during the quarter, which is 3.8X the corresponding figure in Q2 2019 and the best Q2 in the company’s history. This resulted in a contract base measured in ARR of USD 65.8 million, giving a year-on-year growth in ARR of 64%. As a consequence of strong sales, Pexip delivered revenues of NOK 163 million in Q2 2020, up 98%