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Veeam opens Q2 results season with 14th consecutive quarter of double-digit growth

Some of its main points of Q2 include the fact that the company now counts 82% of the Fortune 500 and 69% of the Global 2000 as customers.

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July 26, 2021 | 12:29 AM BST

Veeam opens Q2 results season with 14th consecutive quarter of double-digit growth

William H. Largent, CEO and chairman of the board at Veeam. Source: Veeam

Backup, recovery and data management Veeam Software has released its quarterly results with another quarter of double-digit growth with annual recurring revenue (ARR) increase of 26% year-over-year (YoY) for Q2’21.

Veeam delivered more than 20 new product releases including enterprise-grade feature updates over the last 18 months and several releases in 1H’21 – Veeam Backup for Google Cloud Platform and Veeam Backup & Replication v11.

The company said in its report it is also planning to release cloud-native solutions for AWS, Microsoft Azure, Google Cloud, Microsoft Office 365, and the first integration of Kasten K10 for Kubernetes into the Veeam Platform in the second half of 2021.

Some of its main points of Q2 include the fact that the company now counts 82% of the Fortune 500 and 69% of the Global 2000 as customers. New Q2 advocates include Staples Solutions, ABB Croatia, Baumit GmbH, City of New Orleans, Global Data Vault, Ituran, Morehouse School of Medicine, New Belgium Brewing Company, NewCytech, Ruhr University Bochum, Shamir Medical Center, and 63 Moons Technologies Ltd.

Furthermore, in June, Veeam announced the launch of its federal government-focused subsidiary, Veeam Government Solutions, Inc. (VGS), headquartered in Washington D.C. and 100% U.S.-owned and managed.

Veeam said it closed the largest AWS deal in its history in Q2’21, as the growth of cloud-native backup solutions (AWS, Microsoft Azure, Google Cloud) continues to accelerate.

It added that technology alliance resell agreements with Hewlett Packard Enterprise (HPE), Cisco, NetApp, and Lenovo reported 27% growth YoY.

William H. Largent, CEO and chairman of the board at Veeam, said: “Now, more than ever, especially as ransomware attacks increase, data is the lifeblood of organisations. The need for Modern Data Protection to achieve operational objectives and business continuity is fuelling the demand for Veeam’s industry-leading solutions.

“Q2’21 is not just another quarter of growth for Veeam; as our fourteenth consecutive quarter of double-digit growth, it represents unrivaled results, especially during such an unstable global environment.

“Veeam is continuing to thrive and grow, and our commitment to deliver simple, flexible, reliable, and powerful data management and protection solutions to our 400,000+ customers is unwavering.”

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