{"id":7706,"date":"2014-10-22T05:55:23","date_gmt":"2014-10-22T12:55:23","guid":{"rendered":"http:\/\/localhost\/exoblog\/?p=7706"},"modified":"2023-06-05T16:49:37","modified_gmt":"2023-06-05T14:49:37","slug":"exo-financial-results-for-q3-strong-growth-despite-summer-months","status":"publish","type":"post","link":"https:\/\/www.exoplatform.com\/blog\/exo-financial-results-for-q3-strong-growth-despite-summer-months\/","title":{"rendered":"eXo financial results for Q3 \u2013 strong growth despite summer months"},"content":{"rendered":"<p><a href=\"\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results.jpg\"><img decoding=\"async\" loading=\"lazy\" src=\"\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results.jpg\" alt=\"eXo-Q3-results\" width=\"650\" height=\"220\" class=\"aligncenter size-full wp-image-7712\" srcset=\"https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results.jpg 650w, https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results-300x102.jpg 300w, https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results-500x169.jpg 500w, https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results-360x122.jpg 360w, https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results-200x68.jpg 200w, https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results-100x34.jpg 100w, https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/10\/eXo-Q3-results-70x24.jpg 70w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n<p>eXo achieves another great quarter despite the fact that the summer months are traditionally slower:<\/p>\n<ul>\n<li>Cross-product <strong>bookings 30% above target<\/strong><\/li>\n<li>Fourth consecutive <strong>double-digit Q\/Q growth<\/strong> since the new product launch<\/li>\n<\/ul>\n<p><!--more--><br \/>\n<strong>New annual contract value continues its growth trend with triple-digit growth Y\/Y.<\/strong><\/p>\n<p>Interesting trends this quarter include:<\/p>\n<ul>\n<li><strong>Strong growth in the Americas business<\/strong>, bypassing Europe this quarter<\/li>\n<li>eXo demonstrates <strong>negative churn of existing clients<\/strong> \u2013 the tendency is strong among the cohort of clients of the previous product version as well as among new clients<\/li>\n<\/ul>\n<p>Sales profitability metrics remain stable, with a slight <strong>decrease in customer acquisition costs<\/strong> because of decreased marketing program budgets over the summer.<\/p>\n<p><strong>Revenue from subscriptions continue growing, with 17% growth Q\/Q<\/strong>. Operating expenses decreased slightly, improving EBITDA.<\/p>\n<p>Management expects the business growth trend to continue in Q4.<\/p>\n<p><b><a href=\"https:\/\/community.exoplatform.com\/portal\/dw\/\" target=\"_blank\" rel=\"noopener\">Join the eXo tribe<\/a> by registering for the community and get updates, tutorials, support, and access to the Platform and add-on downloads!<\/b><\/p>\n<p><!--begin adv-events--><\/p>\n<div class=\"adv-events\" style=\"background: #476fad; padding: 30px 20px; color: white; border-radius: 3px;\">\n<div class=\"media\">\n<div class=\"pull-right\"><a href=\"#\"><br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-6587 alignright\" alt=\"make-the-most-out-of-eXo-platform4\" src=\"https:\/\/www.exoplatform.com\/blog\/wp-content\/uploads\/2014\/02\/how-to-make-the-most-of-eXo-platform41.png\" width=\"161\" height=\"85\" \/><br \/>\n<\/a><\/div>\n<div class=\"media-body\">\n<h4 class=\"media-heading\">Make the most out of eXo Platform 4<\/h4>\n<p>Register to the next webinar and get a complete overview of what you can do with eXo Platform 4. <strong><a href=\"https:\/\/www.exoplatform.com\/contact-us\/\">Reserve your seat now!<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><!--end adv-events--><\/p>\n","protected":false},"excerpt":{"rendered":"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","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[699],"tags":[],"lang":"en","translations":{"en":7706},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/posts\/7706"}],"collection":[{"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/comments?post=7706"}],"version-history":[{"count":0,"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/posts\/7706\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/media?parent=7706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/categories?post=7706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exoplatform.com\/blog\/wp-json\/wp\/v2\/tags?post=7706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}