Business
2 quality SaaS ASX shares to buy in March 2021
There are some quality software as a service (SaaS) ASX shares available for Aussie investors to look at.
SaaS businesses have the potential to generate high levels recurring revenue and recurring profit because of their business models. Software businesses can also be very profitable thanks to the nature of software and its limited distribution cost, leading to high gross profit margins.
These are two businesses that could be worth looking at:
Class is a cloud accounting software provider, predominately for the self-managed superannuation fund (SMSF) industry. It works with thousands of clients that are spread across its different software suites including Class, NowInfinity, Smartcorp and Reckon Docs. The last three names are…
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