SUSE reports strong Q3 results
SUSE has announced strong results for its third quarter, with the company reporting a 14 percent increase in revenue year on year and an 81 percent leap in cloud annual contract value (ACV) bookings, marking 14 consecutive quarters of year on year cloud ACV increase.
Other Q3 business highlights for SUSE include a 35 percent increase year to date in customer deals worth more than $1m, and a 50 percent jump in ACV bookings year on year for SUSE Linux Enterprise Server for SAP Applications.
Melissa Di Donato, SUSE CEO, said: “SUSE continues to deliver value as a partner, community member and provider of transformational technology solutions. Our ongoing growth reflects our dedication to customer satisfaction as well as SUSE’s strong business model and resilience as a company.”