Hoylu AB: HOYLU AB: QUARTER OVER QUARTER ARR INCREASED BY 18

Hoylu AB: HOYLU AB: QUARTER OVER QUARTER ARR INCREASED BY 18% AS OF END OF MARCH 2021


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Stockholm, Sweden, April 7, 2021 - Hoylu, a leader in visual collaboration solutions for distributed teams, today announced user numbers and Annual Recurring Revenue ("ARR)" as of the end of March 2021.
The number of Total Users reached 45,000, up 10% from 41,000 at the end of February 2021.
The number of Paying Users grew to 7,900, up 6% from 7,400 at the end of February 2021.
ARR, including long term service contracts, reached MSEK 31.5 as of the end of March 2021, up 18% from MSEK 26.7 as of the end of December 2020, and up 4% from MSEK 30.2 as of the end of February 2021.
The report for March 2021 is attached to this press release and is available on Hoylu's web site:).

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