RadView Software Ltd. (RDVWF)

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Cool!!! - Total Sales and revenues for the three-month period that ended December 31, 2020 are up 52% compared to the same quarter last year, and more than doubled the total sales and revenues for the previous quarter.


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Radview Software Ltd-RDVWF), a leading provider of enterprise-grade performance and load testing solutions, today reported that the unaudited financial results for the three-month period ended Dec. 31, 2020 show increased momentum and record growth.

The report released today includes the growth summary as well as detailed description of the trend and growth factors that contributed to business acceleration during the fourth quarter, as well as the trend analysis vis-à-vis the previous quarters’ results.

Total Sales and revenues for the three-month period that ended December 31, 2020 are up 52% compared to the same quarter last year, and more than doubled the total sales and revenues for the previous quarter.

Despite the globally challenging economic conditions, the company recorded major achievements: Year-over-year growth for the same quarter and for the whole year is consistent and significant as it represents an over-achievement in terms of bookings across the board – new business, renewals, and upgrades – in both subscription and annual maintenance models.

In 2020 the Company has almost concluded the transition from a perpetual license business model to a subscription based (ARR) model.

“We are very pleased with our Q4 and whole year performance.” said Eyal Shalom, RadView’s CEO. “The results reinforce our conviction in our strategy and support our plans of expanding our product offering. We are optimistic about our ability to accelerate this growth in 2021.” concluded Shalom.



https://www.globenewswire.com/news-release/2021/03/15/2192969/0/en/Load-and-Performance-Testing-Leader-Radview-Announces-Fourth-Quarter-2020-Record-Growth.html