DGAP-News

Exasol AG: Trading update for 2020 and outlook for 2021 - Seite 2

"The year 2020 was a challenging one for everybody, but it was also a milestone year for Exasol. We are incredibly proud of the Exasol team who worked hard to take us public in late May, and despite the rapid changes within and outside the organization achieved the growth targets we set ourselves for the year. Now, we look forward to delivering on the next growth stage of our company," said Aaron Auld, CEO of Exasol.

Outlook for 2021: ARR growth of more than +45%
The management expects to reach an Annual Recurring Revenue (ARR) of more than EUR 35 million by the end of 2021, implying an ARR growth in excess of 45% on the comparable prior-year figure. Furthermore, Exasol continues to invest in growing our globally oriented marketing and sales teams with a focus on increasing brand awareness and driving the Group's international expansion.
 

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