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EXASOL AG Exasol AG trading update for the first half of 2021

Directive transparence : information réglementée

17/08/2021 07:30

DGAP-News: EXASOL AG / Key word(s): Development of Sales
Exasol AG trading update for the first half of 2021

17.08.2021 / 07:30
The issuer is solely responsible for the content of this announcement.


Exasol AG trading update for the first half of 2021

  • Continued increase in Annual Recurring Revenues (ARR) to EUR 26.5 million at the end of June 2021 (+27.4%)
  • Outlook with an ARR growth of more than 45% in FY 2021 confirmed

Nuremberg, Germany, 17 August 2021 - Exasol AG (ISIN DE000A0LR9G9), a global technology company providing a high-performance analytics database, gives a first update on its unaudited revenue performance in the first half year of 2021.

Good performance in H1 2021 with a total ARR increase to EUR 26.5 million despite some project postponements that led to temporary slowdown in Q2 2021 ARR growth rate.

Exasol reports solid growth in its key financial indicator, Annual Recurring Revenue (ARR), in the first half of 2021. At the end of the second quarter, the total ARR stood at EUR 26.5 million (preliminary and unaudited), an increase of 27.4% compared to the end of the first half of 2020. Reasons for the slowdown in ARR growth compared to Q1 are postponements of larger projects, which the company is confident will close in the course of the second half of 2021. Group revenues stood at EUR 13.1 million, reflecting an increase of 29.7% compared to the first half of 2020. The main driver is the increase in recurring revenues.

During the first six months of 2021, Exasol continued to win new customers. The company signed 11 deals in a variety of geographies including its key markets Germany, UK and the US, in the fields of financial services, retail and health care. The total customer base was at 202 by the end of H1 2021. Exasol has also extended its partner network in the reporting period, signing 13 additional partners to enhance its visibility and global reach.

"The second quarter was marked by some project delays which lead to a lower-than-expected ARR growth rate. However, we have a very strong new business pipeline, so we are confident we will reach our target of 45% growth on Annual Recurring Revenues, delivering more than EUR 35 million by the end of 2021," said Aaron Auld, CEO of Exasol.

Publication of full H1 2021 report

Exasol will publish its consolidated half-year report 2021 on 21 September 2021.

Exasol Investor Relations contact
Stefanie Winkler
Tel: +49 911 2399 114
E-Mail: ir@exasol.com

Exasol Press contact
Carla Gutierrez, Global Communications Manager
Tel: + 44 786 0151691
Email: Carla.Gutierrez@exasol.com

About Exasol

The Exasol high-performance analytics database is built to run faster than any other database, delivering next-level performance, scale and ease of use. Analyze billions of rows in seconds; run high-performance analytics securely in the cloud or on-premise; deliver frictionless analytics with self-indexing that automatically tunes performance; and scale out analytics for one transparent price.

To learn more, please visit: www.exasol.com




IMPORTANT NOTICE

Certain statements in this communication may constitute forward looking statements. Forward-looking statements can be identified by terms such as "believe", "estimate", "expect", "intend", "will", or "should" as well as their negation and similar variants or comparable terminology. Such statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in this communication. Investors should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to update or correct these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic and industry-specific developments, technological changes, technical operations and cyber attacks, as well as changes in competition levels. All stated figures and information related to them are preliminary and unaudited.



17.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: EXASOL AG
Neumeyerstraße 22-26
90411 Nuremberg
Germany
Internet: www.exasol.com
ISIN: DE000A0LR9G9
WKN: A0LR9G
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1226829

 
End of News DGAP News Service

1226829  17.08.2021 

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