Question: StreamlineData, a company specializing in data analytics software including tools for big data processing, visualization, and predictive analytics, began 2023 with contracts valued at $145.0

StreamlineData, a company specializing in data analytics software including tools for big data processing, visualization, and predictive analytics, began 2023 with contracts valued at $145.0 million in recurring revenue. Over the course of the year, the company experienced cancellations amounting to $21.0 million in recurring revenue and, after accounting for new customers and upsells, ended the year with recurring revenue of $154.0 million. Based on this information, what is StreamlineData's Gross Revenue Churn Rate and Gross Revenue Retention Rate for 2023? Gross Revenue Churn Rate: 10%, Gross Revenue Retention Rate: 90%, showing strong revenue retention and low churn, beneficial for stable growth. Gross Revenue Churn Rate: 14.5%, Gross Revenue Retention Rate: 85.5%, indicating a moderate level of revenue retention and churn. Gross Revenue Churn Rate: 15.0%, Gross Revenue Retention Rate: 85.0%, reflecting average industry churn and retention rates. Gross Revenue Churn Rate: 20%, Gross Revenue Retention Rate: 80%, suggesting a higher churn and lower retention which could be concerning for stability

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!