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Pandemic turns ‘six years growth into two’ for ELMO Software

Jessica Sier
Jessica SierNorth Asia correspondent

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The rush of businesses switching to remote working and moving to cloud-based systems has turbocharged ELMO Software’s recurring revenue, and the human resources and payroll technology company is set to break even on a cash flow basis within 18 months.

ELMO CEO and founder Danny Lessem. Janie Barrett

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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

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    Original URL: https://www.afr.com/technology/six-years-growth-in-two-elmo-jumps-on-recurring-revenue-growth-20220215-p59wk5