Veeam Software has reported another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 26% year-over-year (YoY) for Q2’21.
The company delivered more than 20 new product releases including significant enterprise-grade feature updates over the last 18 months and several major releases in 1H’21 – Veeam Backup for Google Cloud Platform and Veeam Backup & Replication v11.
According to the company, it has no plans of slowing down its momentum and is preparing to release key innovations of cloud-native solutions for AWS, Microsoft Azure, Google Cloud, Microsoft Office 365 and the first integration of Kasten K10 for Kubernetes into the Veeam Platform in the second half of 2021.
“Now, more than ever, especially as ransomware attacks increase, data is the lifeblood of organisations. The need for Modern Data Protection to achieve operational objectives and business continuity is fueling the demand for Veeam’s industry-leading solutions,” said William H. Largent, Chief Executive Officer (CEO) and Chairman of the Board at Veeam.
He added that Q2’21 isn’t just another quarter of growth for Veeam as it’s the company’s fourteenth consecutive quarter of double-digit growth, it represents unrivaled results, especially during such an unstable global environment. “Veeam is continuing to thrive and grow, and our commitment to deliver simple, flexible, reliable and powerful data management and protection solutions to our 400,000+ customers is unwavering.”
“Achieving two quarters of consecutive double-digit growth in 2021 and 29% year-over-year increase in annual recurring revenue (ARR) in Q2’21 in EMEA is an achievement any company would be proud of. This is a testimony to the talent, personality and resilience of our team, as well as our industry-leading technology.” said Daniel Fried, General Manager & Senior Vice President, EMEA, and Worldwide Channels at Veeam.
“We will continue to be guided by our culture of agility, discipline, and fighting spirit in Q3 and beyond, working with our unrivalled partner ecosystem to find new ways of helping customers push ahead with digital transformations that are based on the solid foundations of Modern Data Protection.”
