Exasol is an analytics database software developer with more than 175 customers in 30 countries. Its headquarters are in Nuremberg, Germany, and it has offices in the UK and the US.More Exasol content >
Exasol reported H121 results that reflected its focus on structuring the business for growth. Annual recurring revenue (ARR) was 27% higher year-on-year and reported revenue 29% higher, and management maintained its target for ARR growth of 45% for FY21. Headcount nearly doubled y-o-y, reflecting investment in product development and sales and marketing. The imminent release of Exasol’s cloud-native SaaS solution provides greater flexibility for customers and widens the addressable market to include those companies that prefer a consumption model.