Exasol - FY21 guidance maintained
Exasol reported H121 results that reflected its focus on structuring the business for growth. Annual recurring revenue (ARR) was 27% higher year-on-year and reported revenue 29% higher, and management maintained its target for ARR growth of 45% for FY21. Headcount nearly doubled y-o-y, reflecting investment in product development and sales and marketing. The imminent release of Exasol’s cloud-native SaaS solution provides greater flexibility for customers and widens the addressable market to include those companies that prefer a consumption model.
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