Veeam Reports Explosive Gains in Cloud Revenues

growth

Veeam Software has 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.

“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, fuelled by new Veeam product releases, joint product offerings with our Alliances partners, further share gains in Enterprise, and Veeam-powered cloud solutions.”

“Globally, organisations now recognise 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.”

Veeam has reported it continues to attract partners and now has 47,000 Veeam ProPartners and 15,000 VCSPs globally.