Feb 17, 2021 / 10:00PM GMT
Martin J. Vanderploeg - Workiva Inc. - President, CEO & Director
Hello, and thank you for joining today's call. We are pleased with our fourth quarter and full year 2020 results, which beat guidance for revenue and operating income.
In Q4, we continued to benefit from macro business trends, which included significant increases in cloud platform deployments, digital transformations and remote workplaces. Workiva has also benefited from the growing demand for RegTech and XBRL.
Our financial results reflect the broadening adoption of our platform and fit-for-purpose solutions. We exceeded 20% growth in subscription and support revenue and generated record bookings. In 2020, 77% of new solution and new logo bookings were generated by solutions outside SEC or SEDAR.
As we recently announced, all of our customers are now on our next-generation platform, which is more open, scalable, intelligent and intuitive. This company-wide initiative was a significant undertaking, and I would like to thank our employees for their dedication and hard work in achieving this important milestone.
Q4 2020 Workiva Inc Earnings Call Transcript
Feb 11, 2024
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