The RPMGlobal (ASX:RUL) share price is up 8%. Here’s why

The RPMGlobal Holdings Ltd (ASX: RUL) share price is up this afternoon, after the company announced it exceeded the revenue stated in its half year investor presentation. At the time of writing, the RPMGlobal share price was up 8% to $1.31.

RPMGlobal is a developer and provisioner of software for the mining industry. It also provides advisory services and professional development to industry members.

Let’s look at what was announced this afternoon.

Revenue update

RPMGlobal updated its total contracted value (TCV) and annual recurring revenue (ARR) derived from software subscriptions sold during the 2021 financial year.

The update included an…