Link Administration (ASX:LNK) share price in focus following business update

The Link Administration Holdings Ltd (ASX: LNK) share price could be on the move today after the release of a business update.

What did Link announce?

Ahead of its business update event, the administration services company released a presentation which included a summary of how it is performing so far in FY 2021.

According to the release, Link has started FY 2021 positively, thanks largely to its resilient revenues. Management notes that 84% of its revenue is classed as recurring.

In light of this, the company is on track to deliver revenue of $594 million for the first half. This represents a 4.8% decline on the prior corresponding period’s revenue of $624 million.

Link also revealed that its top five Retirement & Superannuation…