Workiva announced strong first quarter results with a 24.4% increase in total revenue, driven by a 26.1% rise in subscription and support revenue. The company also saw growth in its customer base and a high revenue retention rate.
Total revenue for Q1 2022 reached $129.7 million, up 24.4% year-over-year.
Subscription and support revenue increased by 26.1% to $107.1 million compared to Q1 2021.
The company achieved a revenue retention rate of 97.7%.
Workiva had 1,124 customers with an ACV of more than $100,000, representing a 27% increase year-over-year.
Workiva provided guidance for the second quarter and full year 2022, excluding the financial impact of the ParsePort acquisition.
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