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Veeam Announces 1Q19 Results

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The company reported a 16% increase in total bookings year-over-year (YoY). Veeam has been steadily adding about 4,00 new customers a month, bring the total to over 343,000 customers. Veeam’s Annual Recurring Revenue (ARR) increased 30 percent YoY, which it attributes to the success of a new unique subscription pricing model for all new Veeam products. The company also suggests that the release of Veeam Availability Suite 9.4 Update 4 was partial responsible for its rapid growth this quarter.

 

 

Veeam Announces 1Q19 Results

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