New TCV

Metric Name

New Total Contracted Value

Metric Family

Bookings

Metric Definition

Total revenue a company expects to earn to earn from a newly signed customer contracts over the entire duration of a contract.

Formula

New TCV = ( ACV X Contract Duration ) + One Time Fees

Application

Comprehensive view of the Financial value of newly acquired contracts. A strong New TCV is often seen as a positive indicator of business expansion and future revenue streams.