The Built Environment software specialist delivered a strong FY21, beating our expectations. It was led by double-digit growth in its core Building Lifecycle Management (BLM) portfolio, most notably in ShireSystem facilities management solutions. This is a return to growth after a hiatus in FY20 due to the pandemic, and is a credit to the refreshed management team which restructured group operations and introduced a popular new SaaS/subscription sales model. Margins held up well despite sales in ....
31 Mar 2022
Eleco - FY21 growth in all areas builds a platform for SaaS transition
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Eleco - FY21 growth in all areas builds a platform for SaaS transition
Eleco Plc (ELCO:LON) | 96.0 0 0.0% | Mkt Cap: 79.9m
- Published:
31 Mar 2022 -
Author:
Cavendish Research -
Pages:
18
The Built Environment software specialist delivered a strong FY21, beating our expectations. It was led by double-digit growth in its core Building Lifecycle Management (BLM) portfolio, most notably in ShireSystem facilities management solutions. This is a return to growth after a hiatus in FY20 due to the pandemic, and is a credit to the refreshed management team which restructured group operations and introduced a popular new SaaS/subscription sales model. Margins held up well despite sales in ....