CGL has been moving it’s business to SaaS for a lot longer than that!! Several years now. Initially this was detrimental to annual revenue as the went from up front payment to annual - but that’s now in balance and will accelerate revenue growth over the next couple of years.
The Fool has been pumping CGL recently - so maybe that’s part of today’s action? But a big single day rise of 13% without news is massive, so still looking for other factors.
CGL Price at posting:
$4.47 Sentiment: None Disclosure: Held
