0
Broadband

Pexip says Q4 recurring revenue rises 73% with 59 pp from new customers

Thursday 7 January 2021 | 15:08 CET | News
Norwegian videoconferencing company Pexip said in a trading update that its Annual Recurring Revenue (ARR) for the fourth quarter of 2020 rose by 73 percent year on year to USD 91.9 million from USD 47.2 million. It said 59 percentage points (pp) of that 73 percent growth was from new customers, and the other 14 pp from existing ones. The company said it is on track to reach USD 300 million in ARR by 2024. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Pexip
Countries: Norway / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Pexip launches Pexip Private Cloud

Published 11 Dec 2020 09:24 CET | World
Video-conferencing platform Pexip launched the Pexip Private Cloud, a new deployment option for its video conferencing platform. ...

Brits reluctant to use Zoom for personal contacts after pandemic - research

Published 03 Dec 2020 11:15 CET | United Kingdom
New research by UK cloud and managed services provider Maintel shows that Brits would still prefer to use mobile phones and ...

BlueJeans video-conferencing platform picked by RightsTrade

Published 13 Nov 2020 11:09 CET | United States
BlueJeans by Verizon entered a collaboration with RightsTrade whereby BlueJeans' video conferencing functionalities will be ...

Pexip doubles revenues in Q2, new customers account for 75% of growth

Published 12 Aug 2020 12:37 CET | World
Pexip, the Norwegian videoconferencing provider whose business has been boosted by companies switching to remote working during ...

Pexip takes over enterprise customers from Telenor associate Videonor

Published 07 Jul 2020 09:19 CET | Norway
Video communications company Pexip has announced that it will take over video service provider Videonor's portfolio of enterprise ...

Pexip plans listing on Oslo bourse at reported value of NOK 6.2 billion

Published 27 Apr 2020 13:01 CET | Norway | Update: 27 Apr 2020 13:17 CET
Norwegian videoconferencing provider Pexip Holding has announced that it will seek a listing on the Oslo Stock Exchange, ...





Calendar   /   Industry Events

07 Jan Micron Technology Q1
07 Jan Altice Europe EGM
08 Jan Sequans analyst meeting
11 Jan CES 2021
11 Jan Samsung 'A Better Normal for All' event
13 Jan Shaw Communications fiscal Q1
13 Jan FCC meeting
14 Jan Cogeco fiscal Q1
14 Jan Samsung Galaxy Unpacked event
::: More Calendar Items