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Odoo 2016 - Retrospective

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What happens when you raise 7.4m€. Odoo 2016 in numbers.

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Odoo 2016 - Retrospective

  1. 1. Whole Company Meeting Odoo -- Dec 8, 2016 Fabien Pinckaers • Founder
  2. 2. An Amazing Year! Like all the years at Odoo :)
  3. 3. 82%Odoo Enterprise MRR Growth (78% in Billing)
  4. 4. 81%Of our billing is recurring. What a switch in the business model!
  5. 5. 885 People enrolled in Odoo eLearning (launched 2 months ago: training.odoo.com)
  6. 6. 1m+ Visits on website per month
  7. 7. 1m Downloads on Docker
  8. 8. In 2014, we raised 7.4m€. The Excel business plan looked like that: burn money the first 2 years, to boost revenues in the mid-term, and become break-even again. The challenge: if you don’t invest fast enough, you get late; if you don’t grow revenues fast enough, you get bankrupt. Here is what we did:
  9. 9. $2mLast Month (Nov) Billing! Includes 81% recurring. Operating Expenses: $1.3m → net cash: +$700k / month → our salespeople are killing it!
  10. 10. Break-Even we are since 12 months
  11. 11. 50% Increase in billings While lowering expenses! → What kind of company does that? (Odoo is a monster)
  12. 12. Proud of Our People We can be and their achievements
  13. 13. Thank you!
  14. 14. Cfr Tweets and we help a lot of people:
  15. 15. R&D A small team doing a huge impact Guess How Many?
  16. 16. R&D A small team doing a huge impact 90
  17. 17. Each Version Has Tons of New Stuff But the code size does not increase... Odoo 8 100000 Odoo 9 Odoo 10 110000 120000 130000 140000 150000 160000 → we beat competition because of the code quality! Python Lines of Code
  18. 18. Cfr Tweets and we help a lot of people:
  19. 19. Odoo Roadshows
  20. 20. Odoo 10 Roadshow Started 5 weeks ago. Stats of firsts events:
  21. 21. Bangkok 280 att. Jakarta 274 att. Sydney 151 att. Panama 173 att. Coimbatore 105 att. Montreal 173 att. Shangai 329 att. Singapore 180 att. Gent 118 att.
  22. 22. What’s new in India?
  23. 23. Last month, I was in India 1000+ Full Time Odoo Devs Just in Gujarat!
  24. 24. Imagine how many jobs created world wide... Gujarat
  25. 25. What’s new in India? Launching Offshore development services Launching Odoo Online for Indian market 34 recruitments last month, 20 more todo Great teams & managers New offices & HR policies
  26. 26. New Indian Homepage
  27. 27. What’s new in U.S.?
  28. 28. 59%Growth! ($1.5m → $2.4m YTD) Both SF & NY teams are amazing. Next year growth will be huge, since we recruited a lot lately.
  29. 29. + All electronic billboards in downtown San Francisco (40) In San Francisco
  30. 30. What’s coming in the Jan 2nd release? (saas-14)
  31. 31. January 2: release Studio: new version + automated actions Usability improvements: settings, on boarding... Lots of MRP improvements Coupons, Website Less/CSS Editor New Dashboards: Sale Next Activities Improvement Services companies: improvements 3-way Matching (vendor payments) Clean l10n_mx (thanks Vauxoo!)
  32. 32. Conclusion?
  33. 33. Conclusion? As we started to massively invest/recruit again, 2017 is gonna be huge, in terms of challenges, product & company evolution. Get ready to crush all numbers. Again.
  34. 34. Thank you. #odoo

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