StatPro continues to make solid progress on its transition to the cloud. StatPro Revolution annualised recurring revenues jumped 46% over the year to £7.8m, while the acquisition of Investor Analytics in January boosts cloud revenues to 34% of the proforma total. The group’s multi-tenanted cloud solutions enjoy significant advantages over traditional software and we believe there is an increasing potential for positive earnings surprises, as StatPro moves to late-stage cloud trans
15 Mar 2016
Cloud revenue rate now at 34% of total
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Cloud revenue rate now at 34% of total
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
15 Mar 2016 -
Author:
Richard Jeans -
Pages:
10
StatPro continues to make solid progress on its transition to the cloud. StatPro Revolution annualised recurring revenues jumped 46% over the year to £7.8m, while the acquisition of Investor Analytics in January boosts cloud revenues to 34% of the proforma total. The group’s multi-tenanted cloud solutions enjoy significant advantages over traditional software and we believe there is an increasing potential for positive earnings surprises, as StatPro moves to late-stage cloud trans