Construction, architectural and visualisation software supplier Eleco (LON: ELCO) has almost completed the transition from licence to SaaS-based revenues. During this period growth in earnings has been held back as immediate licence income is replaced by longer-term regular payments.
Eleco supplies a range of architectural and construction project software in the UK and Europe. This covers visualisation, computer-aided design, estimating, project management, site management, architecture and building data modelling.
There has been organic growth combined with growth through acquisitions...
