Operator
Welcome to the earnings call of Exasol AG regarding the financial half year figures of 2026. Their CEO Joerg Tewes and CFO, Jan-Dirk Henrich, will guide you through the presentation and the figures shortly followed by a Q&A session via audio line and chat.
And with that, I’m handing over to you, Mr. Tewes.
Joerg Tewes
CEO & Member of Executive Board
Thank you, [ Judith ]. Good afternoon, everybody. Thank you for joining our investor call. I’m — so we’re going to today talk about the figures, the unaudited figures for the first half of 2026. And as usual, I will walk you through the high-level numbers. some strategic updates and my colleague, JD, our CFO, will provide more insight to the details, financial details. And then at the end, we’re going to do a question-and-answer session.
So we’re looking forward to your questions and feedback. So as I said, we’re going to start with a business update, current trading update, an outlook and summary and then questions and answers. So this is our standard disclaimer. So let me start with the update for what’s happened in the first half of 2026 for Exasol . So overall, here are the key figures. Let me speak to this, and I’ll provide some, like I said, high-level overview, and we will dive into more details later in the presentation.
So we have — the year-over-year recurring revenue is slightly up, driven by substantial churn reduction. So we actually have a significant