2 quality SaaS ASX shares to buy in February 2021

There are quite a few quality software as a service (SaaS) ASX shares that could be worth looking at in February 2021.

Businesses that make their money through a SaaS model usually have attractive levels of recurring business and the software nature of the company means it can have high operating profit margins.

Here are two examples:

ELMO describes itself as a cloud-based human resources (HR) and payroll software provider. The company offers customers a unified platform to streamline processes for HR and also manage payroll and rostering, time and attendance. It operates on a SaaS business model based on recurring subscription revenue.

The SaaS ASX share recently released its FY21 second quarter update to the market. It said that…