SUSE®, the world’s largest independent open source software company, today announced financial results* and highlights from the second quarter of its fiscal year 2020 ended April 30.
SUSE’s Q2 ACV (annual contract value) bookings increased 30% year over year, with significant 29% regional ACV bookings growth in Asia Pacific and Japan despite COVID-19 impact throughout the entire quarter. Additional Q2 highlights include:
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a 63% increase in customer deals worth more than $1 million.
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a 31% increase in renewals ACV bookings.
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a 70% increase in cloud revenue as SUSE continues to expand its cloud service provider network, adding and growing relationships with partners including Britehouse, Exoscale, Magic Cloud, Nordicmind and Pedab.