Cloud services continued to grow apace in Q2, representing 23% of StatPro’s recurring revenue run rate as at the end of June, up from 20% (at actual FX rates) in March and 18% in December. Meanwhile, the legacy Seven software suite maintained resilient renewal levels. While trading is in line at constant currencies, we have conservatively eased our forecasts due to the continued strength of sterling against most currencies. Nevertheless, StatPro is at the advanced stages of transitionin
15 Jul 2015
Cloud grows to 23% of recurring revenue run rate
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Cloud grows to 23% of recurring revenue run rate
Cloud services continued to grow apace in Q2, representing 23% of StatPro’s recurring revenue run rate as at the end of June, up from 20% (at actual FX rates) in March and 18% in December. Meanwhile, the legacy Seven software suite maintained resilient renewal levels. While trading is in line at constant currencies, we have conservatively eased our forecasts due to the continued strength of sterling against most currencies. Nevertheless, StatPro is at the advanced stages of transitionin