Bandwidth Announces First Quarter 2021 Financial Results
First quarter total revenue of $113.5 million, up 66% year-over-year
First quarter CPaaS revenue of $100.1 million, up 69% year-over-year
First quarter dollar-based net retention rate of 125%
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RALEIGH, N.C., May 5, 2021 /PRNewswire/
Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced financial results for the first quarter ended March 31, 2021. The first quarter marked a strong start to the year for Bandwidth, with CPaaS revenue growth of 69% year-over-year and dollar-based net retention rate of 125%. We are energized by our role enabling the innovation, creativity, and incredible scale unfolding in global enterprise communications, which we believe will drive Bandwidth s growth for years to come, stated David Morken, Chief Executive Officer of Bandwidth. Bandwidth is uniquely positioned to leverage our software-driven platfo
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