A Solution Provider's 'Silver Lining' In Shift To Cloud
Submitted by Gina Narcisi on
How have you seen that recurring revenue percentage grow in recent years, and as customers show more interest in cloud services?
We have grown that recurring revenue number 5 percent in the past 12 months -- from 40 percent last year to 45 percent (in 2015). And in addition, topline revenue has grown 13 percent.
Some IT companies have made that transformation into services; others have not, and yet another segment doesn't know they are dead yet. The world is changing, and we are still in transformation, too. I think 2016 will be the last leg of that transformation that’s been happening for many years. We feel we are making good progress.