The YE trading update reveals that management has actioned its proposed switch from a perpetual licence to a SaaS business during FY 2020. We therefore adjust our forecasts as moving customers from one-off perpetual licence contracts to recurring revenue contracts takes longer to implement and revenue is recognised over a longer period. Despite COVID-19, D4t4 made good progress in Q4 since the January update (with its own raft of contract wins), and several more contracts have been secured on
08 Apr 2020
D4T4 Solutions - More Q4 contract wins reveal a switch to SaaS
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D4T4 Solutions - More Q4 contract wins reveal a switch to SaaS
Celebrus Technologies PLC (CLBS:LON) | 215 0 0.0% | Mkt Cap: 84.9m
- Published:
08 Apr 2020 -
Author:
Cavendish Research -
Pages:
7
The YE trading update reveals that management has actioned its proposed switch from a perpetual licence to a SaaS business during FY 2020. We therefore adjust our forecasts as moving customers from one-off perpetual licence contracts to recurring revenue contracts takes longer to implement and revenue is recognised over a longer period. Despite COVID-19, D4t4 made good progress in Q4 since the January update (with its own raft of contract wins), and several more contracts have been secured on