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Transition to SaaS model 'going very well' for Brady Plc

Ian Jenks, chief executive of Brady Plc (LON:BRY) tells Proactive they're making rapid progress in their transition to a software-as-a-service model.

The group said in its half-year results for the first six months of 2017 that it has already booked 93% of expected full-year revenue.

Revenue in the first half of the year eased to £13.18mln from £14.76mln the year before, but a decline in revenue is often seen in companies that switch from a one-off, up-front licence renewal model to a pay-as-you-go recurring revenue model.

 

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