Bandwidth reported a 29% year-over-year increase in total revenue, reaching $68.5 million for the first quarter of 2020. CPaaS revenue grew by 31% year-over-year to $59.1 million, and the company's active CPaaS customer base increased by 34% to 1,808. The dollar-based net retention rate was 126%.
Total first quarter revenue reached $68.5 million, a 29% increase year-over-year.
CPaaS revenue for the first quarter was $59.1 million, up 31% year-over-year.
The number of active CPaaS customers totaled 1,808, representing a 34% increase year-over-year.
Dollar-based net retention rate was 126% for the first quarter.
Bandwidth provided guidance for the second quarter and full year 2020.
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