In the Q3, Instructure Holdings Inc 's corporate clients experienced a decline by -13.75 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -18.58 %. During the corresponding time, Instructure Holdings Inc recorded a revenue increase by 28.17 % year on year, sequentially revenue grew by 1.4 %. While revenue at the Instructure Holdings Inc 's corporate clients recorded rose by 5.58 % year on year, sequentially revenue fell by -0.88 %.
Customers of Instructure Holdings Inc saw their costs of revenue decline by -13.75 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -18.58 %, for the same period Instructure Holdings Inc recorded revenue increase by 28.17 % year on year, sequentially revenue grew by 1.4 %.
Instructure Holdings Inc's Comment on Sales, Marketing and Customers
we had over 3,000 customers representing colleges, universities, school districts
and companies in more than 60 countries. Canvas is used by seven Ivy League schools
and we have K–12 customers in all 50 states. The majority of our academic
customers implement Canvas widely within their institutions and across school
districts. We define a customer as an entity with an active subscription contract.
In situations where there is a single contract that applies to entities with multiple
subsidiaries or divisions, universities or schools, only the entity that has contracted
for our platform is counted as a customer. For example, a contracting school district
is counted as a single customer even though the school district encompasses multiple
schools.
Instructure Holdings Inc’s Comment on Sales, Marketing and Customers
we had over 3,000 customers representing colleges, universities, school districts
and companies in more than 60 countries. Canvas is used by seven Ivy League schools
and we have K–12 customers in all 50 states. The majority of our academic
customers implement Canvas widely within their institutions and across school
districts. We define a customer as an entity with an active subscription contract.
In situations where there is a single contract that applies to entities with multiple
subsidiaries or divisions, universities or schools, only the entity that has contracted
for our platform is counted as a customer. For example, a contracting school district
is counted as a single customer even though the school district encompasses multiple
schools.
Sources:
Instructure Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Instructure Holdings Inc’s corporate clients.
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