RUL rpmglobal holdings limited

Ann: FY25 1H Half Year Investor Presentation, page-14

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    It sounds from the conference call like they're more firmly pushing the remaining $10M or so of maintenance onto subscriptions ($1 of maintenance generally converts into more than $1 of subscription revenue), there'll be some corporate overhead savings once the advisory sale completes, and development costs are flat or slightly down.

    Sets up for a clean software-only FY26 guide when they report again in August.
 
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