3 Software-as-a-Service Companies That Could Double
When it comes to great businesses, one attribute investors look for is recurring revenue from customers who keep coming back. A company's strong and predictable source of revenue gives investors comfort and peace of mind that the revenue has been locked in far in advance. This is in contrast to order-book-based businesses that need to continually bid for and capture new business, using up vast amounts of manpower, time, and resources in the process.
With the rise of the internet and cloud computing, new businesses have sprung up that make use of cloud architecture to deliver their services. Great software-as-a-service (SaaS) companies are able to create strong customer loyalty and high switching costs.
Here's a look at three promising SaaS businesses that could potentially double over the next few years.
Source Fool.com
