Healthy growth potential from subscription businesses
Accounting software providers Sage and Intuit are experiencing difficult operating conditions caused by Covid-19. However, their financial strength, sound business models and innovative strategies could produce stock price growth over the long run.
Subscription-based business models are not a new idea. But software companies – which historically made their money via licensing – have shifted their operations at different rates. The emergence of cloud computing has provided the opportunity for Sage (LON: SGE) and Intuit (LON: INTU) to pursue a Software as a Service (SaaS) subscription business model via a range of products that can be used by their customers from any location where an internet connection is…
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