Veeam's cloud segment has helped the Switzerland-based storage and data management vendor log $963m in bookings for its FY2018, up 16 per cent year on year.
Cloud has been the fastest growing segment of Veeam's business for the past eight quarters.
In isolation, the segment grew by 46 per cent.
Within that, the Veeam Cloud and Service Provider (VCSP) segment grew 23 per cent.
Veeam said it now partners with 21,700 cloud service providers and 3,800 licensed to provide cloud backup & DRaaS using Veeam Cloud Connect.
The privately owned giant added that this marks its twelfth consecutive year of organic double-digit growth.
It also claims it recruited an additional 48,000 firms to its customer roster in its FY 2018.
Co-founder and EVP of sales & marketing Ratmir Timashev said that the vendor was attracting customers by meeting their demand for avoiding vendor exclusivity.
"What we have seen in 2018 is that no data is entirely secure. Customers are looking for an approach to manage data that unlocks its use and potential to drive business transformation but doesn't lock their data into one vendor or increase their risk exposure," he said.
"By strengthening our offering via our most powerful partnerships with Hewlett-Packard Enterprise (HPE), NetApp, Cisco, and now Lenovo, Veeam has done just that."
Timashev singled out HPE, as the most profitable Veeam alliance in 2018, "achieving the highest magnitude of revenue growth year on year for joint closed deals".
Veeam's FY2018 financials are its first since the vendor re-structured its executive team in October last year.
After a two-year run, co-CEO Peter McKay was out "to pursue new endeavours", and co-CEO and co-founder Andrei Baronov took the reins alone.
However, Veeam's rejigged team has still been able to maintain investor confidence.
Last month, Veeam secured half a billion dollars from Insight Venture Partners and Canada Pension Plan Investment Board.
The firm said that the blockbuster investment will be spent on accelerating its growth via upcoming M&A deals.
Veeam has not historically been very acquisitive.
Its last buy was in February 2018, of 2WS, a specialist in IaaS data protection specifically designed for AWS workloads.
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