StatPro (LON:SOG) - Resilient H1 as SaaS book jumps
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.
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