Aug 01st 2012 - Edison Investment Research today published a report on StatPro (SOG.L, LSE:SOG, LON:SOG) entitled "Resilient H1 As SaaS Book Jumps". In summary, the report says:
StatPro has recorded a respectable performance in H1 with organic revenue growth of 6%. StatPro Revolution – the new cloud services product – saw its annualised recurring revenues more than double over the six months to £1.02m. Revolution’s customer base grew from 60 to 111 over the period and this includes 10 fund administrators that have the potential to significantly scale the product to their customers. As we reported as the time of last month’s trading update, StatPro Seven sales have been holding up well, with new customer sign-ups and improved renewal rates, in spite of the recent strategic sales shift to cloud services.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »