Subscription delights
Companies covered here have durable subscription models with the attraction of lots of delightful recurring revenue, offering excellent visibility. Despite the evident appeal, valuations of several remain attractive, as you can discover here. (Premium)
Gone are the days of software companies generating large upfront fees from software sales, normally followed by smaller ongoing charges for updates. We now live in a world of Software as a Service (‘SaaS’) and smaller annual ongoing subscriptions, with software delivered over the cloud. This has the benefit of smoothing out returns and locking-in customers for the long term, both of which appeals to investors. AIM companies covered here who have just reported results, have appealing subscription offerings. The valuation of one looks particularly compelling, although it has had to contend with some issues over recent months! Client portfolios…