The Latest Veeam News
Product and Solution Information, Press Releases, Announcements
|Enterprise Customers and Cloud Service Providers Fuel First Quarter Results for Veeam|
|Posted: Tue Apr 18, 2017 11:43:06 AM|
Growth Accelerates as Enterprise and Hybrid-Cloud Demand Continue to Increase in Parallel with the Shift to Digital Transformation
Baar, Switzerland – April 18, 2017: Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, today announced another record quarter, fueled by explosive gains in Enterprise and Cloud revenues. During Q1’17, Veeam recorded a 33 percent YoY increase in total bookings revenue while Enterprise new license bookings grew 17 percent annually. Cloud revenue enabled by Veeam Cloud and Service Providers (VCSPs) grew 59 percent YoY, helping enterprises transform their operations to deliver 24.7.365 Availability that users demand in today’s digital world.
“It’s no small feat for a company with more than $600 million in annual bookings to deliver 33% growth YoY, and I’m enormously proud of our entire team,” said Peter McKay, President and COO at Veeam. “Looking ahead, we expect continued growth for the remainder of this year, fueled by new Veeam product releases, joint product offerings with our Alliances partners, further share gains in Enterprise, and Veeam-powered cloud solutions.”
“Globally, organizations now recognize they need the 24.7.365 Availability that only Veeam provides. We continue to expand our worldwide Enterprise sales teams to meet that demand, especially in North America and EMEA,” said McKay. “These additions will support our customers’ and partners’ strategic digital transformation initiatives.”
Additional highlights from Q1 2017 include:
Registration is now open for VeeamON 2017, the world’s Premier Hybrid Cloud Availability Event, which will take place May 16 – 18, 2017 in New Orleans, LA. Keynote speakers will include Mark Russinovich, Chief Technology Officer for Microsoft Azure, and Sanjay Poonen, COO, Customer Operations, VMware.