Associated tags: Exasol
Locations: USA, IRELAND, BI, DEUTSCHLAND, EUROPA, DEUTSCHLAND, ML, SWITZERLAND, UNITED KINGDOM, AUSTRIA, EUROPE, GERMANY
- Preliminary result for Q1 2024 also confirmed: ARR +16% compared to March 31, 2023
Key Points:
- - Preliminary result for Q1 2024 also confirmed: ARR +16% compared to March 31, 2023
- Cash and cash equivalents of EUR 20.7 million as of March 31, 2024
Nuremberg, May 7, 2024: Exasol AG, a global technology company and provider of a high-performance analytics database, today published its audited consolidated financial statements for 2023, confirming the preliminary results from February 2024.
- In the same period, revenue increased by 5.7% to EUR 35.1 million (2022: EUR 33.2 million).
- Preliminary Group revenue in the first quarter of 2024 was also confirmed, rising by 12.5% to EUR 9.9 million (Q1 2023: EUR 8.8 million).
- Exasol expects consolidated revenue to increase by 10 - 15%, with a positive operating result (EBITDA) that will be significantly higher than in the previous year.
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Exasol announces preliminary figures for the first quarter 2024: Positive operating result for the first time since IPO - net cash flow more than doubled
Key Points:
- Exasol announces preliminary figures for the first quarter 2024: Positive operating result for the first time since IPO - net cash flow more than doubled
The issuer is solely responsible for the content of this announcement.
- This means that Exasol's operating performance has already improved significantly at the start of the year, which will lead to a positive operating result overall in 2024.
- Cash and cash equivalents amounted to EUR 20.7 million at the end of the first quarter (December 31, 2023: EUR 13.3 million).
- The full figures for the first quarter of 2024 will be published on May 7, 2024.
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Retrieved on:
Wednesday, April 10, 2024
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Retrieved on:
Wednesday, April 10, 2024
The company has now extended existing contracts or concluded new contracts with a total of four additional customers from Europe and the USA.
Key Points:
- The company has now extended existing contracts or concluded new contracts with a total of four additional customers from Europe and the USA.
- The annual recurring revenues (ARR) from this amounts to almost one million euros and shows the growing importance of the financial sector for Exasol.
- "We are pleased that the momentum from the financial sector, as we saw at the end of last year, is continuing in the first quarter.
- "In addition, many companies in the financial sector are facing more and more regulation regarding their data security.
Retrieved on:
Wednesday, March 20, 2024
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Espresso Released today, Exasol’s 2024 AI and Analytics Report investigates the current state of AI implementation, top data analytics challenges, and the future of the C-suite given the explosive growth of data and adoption of emerging technologies.
Key Points:
- Released today, Exasol’s 2024 AI and Analytics Report investigates the current state of AI implementation, top data analytics challenges, and the future of the C-suite given the explosive growth of data and adoption of emerging technologies.
- Stakeholder pressure is also a factor in greater AI adoption, with 45% claiming they are experiencing increased pressure from stakeholders to embrace the technology.
- Additionally, lack of implementation strategy (44%); poor data quality and insufficient data volume (43%); and integration with existing systems (38%) are hindering widespread AI adoption.
- Exasol commissioned independent market research agency Vanson Bourne to conduct research into data, analytics, and AI.
Retrieved on:
Wednesday, March 13, 2024
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Retrieved on:
Wednesday, March 13, 2024
For the 2024 financial year, Exasol expects ARR to increase by up to 10% compared to the previous year*.
Key Points:
- For the 2024 financial year, Exasol expects ARR to increase by up to 10% compared to the previous year*.
- In the second half of 2024, pipeline from market initiatives launched in Q4 2023 will again lead to a positive ARR trend.
- Exasol will report additional preliminary figures for the 2023 financial year in the conference call scheduled for February 21, 2024.
- The publication of the complete and audited consolidated financial statements for the 2023 financial year is scheduled for May 7, 2024.
Retrieved on:
Wednesday, March 13, 2024
Engineering,
TensorFlow,
Artificial intelligence,
AI,
ROI,
Data management,
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Ibis,
Database,
Data science,
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Amazon SageMaker,
PyTorch,
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Medical device With these new features, Espresso AI provides organizations with the tools needed to harness the power of their data for advanced AI-driven insights and decision-making.
Key Points:
- With these new features, Espresso AI provides organizations with the tools needed to harness the power of their data for advanced AI-driven insights and decision-making.
- By leveraging Espresso AI, data teams are equipped to address business-critical needs such as demand forecasting, fraud detection, and churn prediction.
- Exasol has enhanced its versatile query engine, Exasol Espresso , with Espresso AI, bringing AI and business intelligence (BI) together to enable better BI reports with predictive machine learning (ML) models.
- Exasol AI Lab: A new container-based solution that allows data scientists to integrate Exasol’s in-memory analytics database into their preferred data science ecosystem to create optimized AI models faster and deploy them at scale.
