Thank you . . .
Last week we proudly announced another excellent quarter of execution. We reported record revenue of $23.5 million, 39% product revenue growth, and simple dollar-based renewal rate exceeding 90% for the fourth consecutive quarter.
Best of all, an amazing array of new customers, partners, and developers have begun using Apigee.
We're deeply grateful to the over 300 customers who use Apigee to help make their businesses digital and are honored that these marquee brands partner with us to help us deliver better solutions for their developers and for their broader digital initiatives. Our continued growth wouldn't be possible without them.
We're privileged to work with a stellar group of partners and added 20 new partners in Q3. As part of our ongoing global alliance, Apigee and Accenture are working together on developing customized client solutions for open banking spurred by the EU Directive on Payment Services (PSD2).
Pivotal Cloud Foundry users can now select Apigee Edge from the Pivotal Network marketplace to integrate Apigee’s comprehensive API management capabilities into the web applications they build with Pivotal’s Cloud Native Platform.
Apigee and Amazon Web Services (AWS) share dozens of new customers who signed on to use Apigee Edge on AWS in the first few months of 2016. They include AccuWeather, Allstate Corp., OpenGov Inc., and Sage Payment Solutions. And we're excited that Apigee Edge is now available in the Microsoft Azure Marketplace.
We'll continue to integrate with some of the leading cloud platforms, ensuring that Apigee always provides the best way for APIs to be managed in a complex multi- and hybrid cloud landscape.
While we continue to see momentum in every industry, this last quarter was a particularly productive (and busy) one for our team around financial services. We are thrilled that so many of our customers, partners, and financial institutions participated in our London Open Banking/PSD2 summit and that many are adopting our new software solution designed to help EU banks quickly and easily embrace open banking and comply with PSD2.
Our well-attended FinTech API Summit in New York provided financial services executives with information on how to leverage digital technologies to foster digital engagements with their customers, partners, and employees. Again, our customers were key to the success of the summits, with speakers from Nationwide, First Data, Tradier, Vantiv, and Forrester.
We have much to be excited about and are grateful to all of our customers and partners. As always, we welcome all feedback and ideas as we head into what will be a very exciting next quarter. One great way to keep in touch is on community.apigee.com.