eXo achieves another great quarter despite the fact that the summer months are traditionally slower:
- Cross-product bookings 30% above target
- Fourth consecutive double-digit Q/Q growth since the new product launch
New annual contract value continues its growth trend with triple-digit growth Y/Y.
Interesting trends this quarter include:
- Strong growth in the Americas business, bypassing Europe this quarter
- eXo demonstrates negative churn of existing clients – the tendency is strong among the cohort of clients of the previous product version as well as among new clients
Sales profitability metrics remain stable, with a slight decrease in customer acquisition costs because of decreased marketing program budgets over the summer.
Revenue from subscriptions continue growing, with 17% growth Q/Q. Operating expenses decreased slightly, improving EBITDA.
Management expects the business growth trend to continue in Q4.
Join the eXo tribe by registering for the community and get updates, tutorials, support, and access to the Platform and add-on downloads!