RPMGlobal Holdings Ltd
(ASX: RPM) has revealed its latest annualised recurring revenue (ARR) amount to the market.
RPMGlobal is an IT company within the mining industry that has traditionally provided advisory services and technical support in regards to mine preparation and planning. Questions of where, when and how to dig are the types of questions RPMGlobal’s technical consultants and mining software addresses when dealing with miners looking to extract their commodity in the most efficient way possible.
RPMGlobal’s Annual Recurring Revenue (ARR)
RPMGlobal’s ARR from software subscriptions has increased healthily from the last update a few months ago.
As of today, RPM’s ARR from software subscriptions has increased to just over AUD $5 million per year, which is an increase of $1 million from the last announcement.
Businesses that have regular income from software services at high profit margins can be very attractive, that’s one of the reasons why Xero Limited (ASX: XRO) has done so well.
RPMGlobal could be one to watch as Rask Media writer Luke Kennelly wrote here, and the two rapidly growing businesses in the free report below.
[ls_content_block id=”18457″ para=”paragraphs”]
[ls_content_block id=”18380″ para=”paragraphs”]
