OutSystems Breaks Growth Records, Showing Further Proof of Market Leadership
63 Percent Increase in Annual Recurring Revenue, 1000+ Enterprise Customers, 140,000 Community Members, Leader in 3 Analyst Reports
London — 8th August 2018 — OutSystems, provider of the number one platform for low-code rapid application development, had another record-breaking quarter across every key business metric. With a 63 percent increase in annual recurring revenue for the second quarter and a recent valuation at well over $1 billion, the company is firmly establishing itself as the leader in the exploding low-code development market. It is also on track to beat all numbers from its record-breaking year in 2017.