The trend towards Pelatro increasingly selling recurring revenue contracts rather than licences has been well flagged. Recent business wins suggest this trend is increasingly prevalent and it is now prudent for us to assume that most customer engagements will be sold on this basis going forward. Growth in ARR is increasing as expected and we adjust our forecasts to reflect a licence free sales model.
09 Nov 2020
Cenkos: Pelatro Plc -- Forecasting recurring revenue only


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Cenkos: Pelatro Plc -- Forecasting recurring revenue only
Pelatro Plc (PTRO:LON) | 37.5 0 0.0% | Mkt Cap: 13.9m
- Published:
09 Nov 2020 -
Author:
Simon Strong -
Pages:
6 -
The trend towards Pelatro increasingly selling recurring revenue contracts rather than licences has been well flagged. Recent business wins suggest this trend is increasingly prevalent and it is now prudent for us to assume that most customer engagements will be sold on this basis going forward. Growth in ARR is increasing as expected and we adjust our forecasts to reflect a licence free sales model.