Great results for the first quarter of the year despite the traditionally slow start

The first quarter of the year is traditionally slow, especially the first month, and this year has been no exception.

However, the Q1 target for cross product bookings was exceeded by 13%.

The year-on-year performance remains strong:

52% Y/Y growth for overall bookings
24% Y/Y growth for product bookings
triple-digit Y/Y growth in new annual recurring revenue

In terms of geographical split, most revenue this quarter was from Europe and the USA, with roughly equal contributions from each.

The profitability metrics remained stable.

For Q2, we expect stable business growth while profitability will decrease slightly as management will make several growth investment decisions.

Brahim Jaouane

I am a Digital Marketing specialist specialized in SEO at eXo Platform. Passionate about new technologies and Digital Marketing. With 10 years' experience, I support companies in their digital communication strategies and implement the tools necessary for their success. My approach combines the use of different traffic acquisition levers and an optimization of the user experience to convert visitors into customers. After various digital experiences in communication agencies as well as in B2B company, I have a wide range of skills and I am able to manage the digital marketing strategy of small and medium-sized companies.