eXo Financial Results for Q1 Exceed Expectations

eXo Platform Blog

I am pleased to report a great first 2014 quarter.

Thanks to a high number of inbound leads, stable conversion rates throughout our funnel, and shorter sales cycles:

  • Our subscription bookings went up 136% Y/Y
  • Our new Annual Recurring Revenue (ARR) went up by 238% Y/Y

During the same period, our total cost of sales worldwide went down by 73% Y/Y, which resulted in an 89% decrease of our Customer Acquisition Cost (CAC).

This high growth did not affect our Annual Customer Value (ACV) and our Life Time Value (LTV), which both remained unchanged.

Even though revenue recognition impact of new bookings is delayed, our 2014 Q1 EBITDA improved by 27% Y/Y.

For Q2, we expect this trend to continue with a three-figure growth rate for new annual recurring revenue.

Join the eXo tribe by registering for the community and get updates, access tutorials, support, and downloads!

Make the most out of eXo Platform 4

Register to the next webinar and get a complete overview of what you can do with eXo Platform 4. Reserve your seat now!

Related Posts

I am the Chief Executive Officer of eXo Platform (the open source digital workplace platform), a company that I co-founded while in college and that I came back to after several years in the banking and consulting industry. I blog about modern work, about open-source and sovereignty issues. Occasionally, I also blog about my personal areas of interest, such as personal development, work–life balance, sustainability and gender equality.

Comments
Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>