Exasol increases recurring sales in the first half of 2020

Exasol today presented the first key data for the first half of 2020. In the first six months of this year, the newcomer to the stock market saw annual recurring sales grow by around 30 percent to EUR 20.8 million compared to the first half of 2019. Compared to the value at the end of 2019, the sum is 18 percent higher, according to the IT company. “Exasol had little impact from the COVID-19 pandemic on financial and operational performance in the first six months of 2020,” reports the database provider on Tuesday.

In addition, 16 new customers could be won by the half of the year, according to the Nuremberg IT company. The partner network was also expanded with 38 additional partner contracts. The Francs do not give any other figures, the half-yearly balance is to be presented on September 21.

“Overall, especially in the period after COVID-19, we see great opportunities for using our analysis database with potential customers who are looking for a powerful and scalable solution to act in a really data-controlled manner,” said Aaron Auld, CEO of Exasol AG.

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