RPMGlobal Holdings Ltd (AU:RUL) has released an update.
RPMGlobal Holdings Ltd reports a robust performance in FY2024 with total software sales reaching $77 million, a notable increase from the previous year’s $70.5 million. The company has seen a significant shift towards longer-term subscription licenses, which now constitute a large portion of its $161 million pre-contracted, recurring revenue. Despite a drop in perpetual license sales, RPMGlobal’s strategy focuses on stable, predictable income from subscriptions, leading to an expected growth in annual revenue and profitability.
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