Business
Pivotree Achieves Record Preliminary Bookings for the Fourth Quarter of 2021
Pivotree Achieves Record Preliminary Bookings for the Fourth Quarter of 2021 Ca...
About this update from Pivotree, Inc.
[{"type":"text","content":"\n \n \n \n Pivotree Achieves Record Preliminary Bookings for the Fourth Quarter of 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Jan. 31, 2022\n \n /CNW/ - Pivotree Inc. (TSXV: PVT) (\"\n \n Pivotree\n \n \" or the \"\n \n Company\n \n \"), a leading provider of\n \n \n frictionless commerce\n \n \n solutions, today announced record total bookings for the fourth quarter of 2021, led by an increase in demand for data management services and on the heels of record breaking sales achieved by existing customers during the peak holiday shopping season.\n \n \n \n \n \n \n \n \n \n All amounts are for the three months ended\n \n December 31, 2021\n \n and expressed in Canadian dollars unless otherwise stated.\n \n \n \n Total Bookings\n \n 1,2\n \n is expected to be between\n \n $16.0\n \n to\n \n $16.5 million\n \n , an increase of more than 136% from Total Bookings of\n \n $6.8 million\n \n for the third quarter of 2021\n \n \n \n \n ARR Bookings\n \n 1,2\n \n is expected to be between\n \n $3.0\n \n to\n \n $4.0 million\n \n , an increase of more than 179% from ARR Bookings of\n \n $1.1 million\n \n for the third quarter of 2021\n \n \n \n \n Non-Recurring Bookings\n \n 1,2\n \n is expected to be between\n \n $12.0\n \n to\n \n $13.0 million\n \n , an increase of more than 110% from Non-Recurring Bookings of\n \n $5.7 million\n \n for the third quarter of 2021\n \n \n \n \n As a key foundation for frictionless commerce, data management solutions accounted for nearly half of the total bookings for the fourth quarter of 2021, led by record organic bookings for Pivotree in this category in addition to the contribution of two months of bookings from the acquisition of Cod...