DIVIO TECHNOLOGIES QUARTERLY UPDATE - GROWTH, TRANSITION TO SALES FOCUS AND EFFICIENCY.
Divio Technologies continues to grow recurring revenues throughout 2019, with 2019-Q4 totaling USD 261 thousand in subscription revenue, up 33 per cent from 2018-Q4 which yielded USD 196 thousand. Progressing in building out sales capabilities as well as increase operational efficiency with 4-6% decreased operating costs coming into 2020.
Recurring revenue, total per quarter 2018-2019 in thousand USD, recurring revenue defined as subscriptions within the time period, likely to continue in the future.
|$ 111k||$ 124k||$ 156k||$ 196k||$ 219k||$ 243k||$ 260k||$ 261k|
The Company continues building out a sales organisation, which is foreseen to add leverage for future growth. Thereto, An extensive operating cost review was completed in Q4, increasing operating efficiency by lowering operating cost by 4-6%, coming into effect throughout 2020.
Jon Levin, Divio’s CEO, comments:
“Empowered with secured reference cases and clients such as Fidelity International, we are progressing with Divio’s transition to a commercialisation phase after successful development of the core platform. Following the successful listing in December and the internal review in Q4, we are looking forward to cater to the market’s need for efficient cloud solutions in 2020 and beyond”.
To learn more about the Divio team’s highlights of 2019, please see our blogpost A look back at 2019.
Divio Technologies AB (publ) is obligated to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 2020-01-14 at 16:25.
About Divio Technologies
Divio Technologies AB (Publ) is the Cloud Management Software development group behind the Divio platform that simplifies cloud hosting, deployment and development via a proprietary PaaS solution. The Platform allows enterprises to significantly reduce cost, time to market and decreases dependencies on employees as well as cloud vendors.
Divio Technologies AB (Publ)’s Certified Adviser is FNCA Sweden AB, +46(0)8-528 00 399, email@example.com