July 15, 2021
ExaGrid grows revenue 50% in second quarter
Photo | Google
ExaGrid's Marlborough headquarters building
By Sam Bonacci
Marlborough backup IT storage company ExaGrid on Tuesday announced another strong quarter in the second quarter, with 50% year-over year revenue growth.
The company announced not only did it have that year-over-year growth, but it had 10% revenue growth over a successful first quarter of the year and was cash positive in the second quarter of the fiscal year.
ExaGrid added a record 137 new customers in the second quarter, including 38 six-figure deals, and has more than 3,000 active customers, according to a release.
According to ExaGrid, it has been cash positive for the last four quarters. Exagrid is a private company and didn't disclose any further financial figures.
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