Eleco – yesterday’s Trading Update indicates strength in its ARR, which is not to be ignored

Ahead of announcing its Interim Results in September, yesterday Eleco (LON:ELCO) advised the market of its progress in the first half-year to end June. 
It showed continued advancement in both its business strategy and its business model. 
And one important point to be noted is that the £145m-capitalised specialist software group delivered even further growth in its Annualised Recurring Revenues (ARR). 
The Business 
Eleco is engaged in providing software and related services.  
It is focused on building environments through its brands like Elecosoft and Veeuze, f...

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