Solar Winds Inc (SWI) CEO Kevin Thompson says the company’s recurring revenue as a percentage of total is growing. In most quarters over the last two years, recurring revenue has grown at the same rate or faster than license revenue.
“Now, we’ve added the subscription revenue stream, so it has been grow[ing] very quickly — well over 100% year-over-year growth for the last six or seven quarters,” Thompson says. “And the growth rate of that subscription revenue stream will continue to be very fast, so you should expect that recurring revenue as a percentage of a total will continue to grow.”
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At the same time, Thompson says the company has accelerated the growth of license revenue over the last eight quarters.
“Because we’ve always built a model more focused on lifetime value of a customer rather than an upfront value of a customer, we expect recurring revenue will continue to grow as a percentage of total revenue over the next couple of years.”
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