Exasol AG (EXL.DE), a database technology provider, Wednesday reported an 8.9 per cent increase in revenue over the nine-month period. In addition, the firm updated the financial outlook for the year 2025.
Following the revenue growth posted, the shares are trading 3.48 percent higher at 2.97 euros in the Paris Market.
For the 9-month period, Revenue increased to 31.7 million euros from 29.1 million the prior year, mainly driven by solid performance with customers in focus industries and services that were billed on a one-off basis in the first quarter of 2025.
EBITDA climbed to 3.0 million euros from 1.0 million euros the previous year.
Annual recurring Revenue or ARR decreased to 39 million euros, down 4.1 per cent from the prior year, affected by short-term business trends.
For 2025, the firm has now adjusted ARR to decline in the single-digit percentage range, lower compared to the earlier-guided mid-single-digit percentage growth.
EBITDA for 2025 is now specified at 3.5 to 4 million euros, up from the earlier guidance of 3 to 4 million euros.
The firm confirmed the projected revenue growth to remain as previously guided in the mid-single-digit percentage range.
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