StatPro has reported interim results which highlight healthy underlying growth (+16% organic, constant currency) in StatPro Revolution revenue and the increased scale and functionality that recent acquisitions have delivered. While a re-rating is clearly underway, we see scope for further significant upside given the size (£53m) and quality (82% of software ARR is SaaS) of the recurring revenue base. We will review our forecasts and target price following the analysts' meeting but expect no sign ....
02 Aug 2017
N+1 Singer - StatPro Group - Size and quality of recurring revenues support further significant upside
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N+1 Singer - StatPro Group - Size and quality of recurring revenues support further significant upside
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
02 Aug 2017 -
Author:
N+1 Singer Team -
Pages:
4
StatPro has reported interim results which highlight healthy underlying growth (+16% organic, constant currency) in StatPro Revolution revenue and the increased scale and functionality that recent acquisitions have delivered. While a re-rating is clearly underway, we see scope for further significant upside given the size (£53m) and quality (82% of software ARR is SaaS) of the recurring revenue base. We will review our forecasts and target price following the analysts' meeting but expect no sign ....