Workiva announced Q4 2019 financial results with a 24.6% increase in total revenue compared to Q4 2018. Subscription and support revenue grew by 23.0% year-over-year. The company's customer base reached 3,510, and revenue retention rate including add-on revenue was 113.0%.
Total revenue for the fourth quarter of 2019 reached $80.3 million, an increase of 24.6% from the fourth quarter of 2018.
Subscription and support revenue contributed $66.1 million, up 23.0% versus the fourth quarter of 2018.
Workiva had 3,510 customers as of December 31, 2019, a net increase of 170 customers from December 31, 2018.
Revenue retention rate including add-on revenue was 113.0%.
Workiva is providing guidance for its first quarter 2020 and full year 2020.
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