How did second quarter 2021 recurring revenue compare to second quarter 2020?
We asked how recurring revenue in the second quarter of 2021 compared to the year-ago quarter. The results showed that it went up rather sharply in Q2 from Q1 of this year. About 18% of respondents said their recurring revenue increased more than 20% in the second quarter — up from 12% in the first. Additionally, 24% said recurring revenue was up between 11% and 20%, compared to just 15% of respondents in the first quarter.
This indicates that a good portion of the community is having a successful year. It also corresponds to the fact that there is more strategic and long-term decision-making happening.
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