Glassbox Reports Record Growth in Cloud Subscription Revenue, Bolsters AI Advancements
Cloud subscription ARR surged by 54% YoY to $50.5 million.
- Cloud subscription ARR surged by 54% YoY to $50.5 million.
- Notably, Glassbox secured a three-year, $42.3 million agreement with a prominent bank, which bolstered its cloud subscription revenue.
- In the fourth quarter, revenue hit $14 million, a notable 22% growth YoY, with cloud subscription revenue seeing a 69% surge over the same period of 2022.
- Glassbox also continued its upward trajectory in non-GAAP operating profit to 68.9% compared to 65.7% in the previous year.