Exasol AG trading update for the first half of 2020
Continued increase in Annual Recurring Revenues to a preliminary amount of ?20.8 million at the end of H1 2020, an increase of approx. 30% on the end of H1 2019
Nuremberg, Germany, 7 July 2020 - Exasol AG (ISIN DE000A0LR9G9; www.exasol.com), a global technology company providing a next generation software-based "data engine", provides a brief trading update on the first half 2020.
H1 2020 trading update
Exasol is pleased to report that the COVID19 pandemic only had a limited impact on its financial and operational performance during the first half of 2020. As a result, the company confirms today continued strong growth in Annual Recurring Revenue ("ARR"). At the end of the second quarter, the total ARR stood at a preliminary amount of ?20.8 million, an increase of approx. 30% when compared to the end of the first half of 2019. Despite the wider disruption seen in the first half of 2020, Exasol managed to increase the ARR by 18% compared to ?17.6 million at the end of the fiscal year 2019.
During H1 2020, Exasol continued to win new customers. The company signed 16 new customers, including two significant ones in the financial services industry, in a variety of geographies including in Germany, UK, and the US. Exasol has also continued with its plan to extend its partner network with the signing of 38 additional partners.
"During unprecedented and challenging times, the company has continued to deliver strong performance. I am proud of how our colleagues and business partners from around the
world have responded to drive our continued success. We see real opportunities in the post COVID19 environment, where our analytics database can make a real difference for customers looking for a powerful and scalable solution, to help them become truly data-driven," says Aaron Auld, CEO of Exasol.
Announcement of full H1 2020 report
Exasol will publish its consolidated half-year figures as of 30 June 2020 on 21 September 2020.
Exasol Press contact
Carla Gutierrez, Global Communications Manager
Tel: + 44 786 0151691
Exasol is the analytics database. Its high-performance in-memory analytics database gives organizations the power to transform how they work with data, on-premises, in the cloud or both - and turn it into value faster, easier and more cost effectively than ever before.
To learn more about Exasol please visit www.exasol.com
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