A glance at eight ASX-listed SaaS stocks

 


Summary

  • SaaS is a cloud-based service in which, instead of downloading software, one can gain access to an application through an internet browser.
  • COVID-19 pandemic has made SaaS an in-demand service, with several SaaS providers gaining popularity as many businesses have moved their operations online.
  • SaaS offers considerable benefits, including accessibility, compatibility, as well as operational management.
  • Xero Limited, WiseTech Global, Infomedia, Whispir and Dubber are some of the key SaaS companies.

Software as a Service, or SaaS, is a cloud-based service that has grown in popularity as subscription media. As a result, ASX SaaS shares have become a hot area in the past few years. Expanding business through a SaaS revenue model can certainly be a very lucrative option. Companies can opt for such a model via collaboration with a well-known ASX-listed SaaS player.

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In the case of SaaS, instead of downloading software, one can access an application through an internet browser. Some of the key benefits of SaaS include accessibility, compatibility, as well as operational management. Additionally, SaaS models offer lower upfront costs than traditional software download and installation processes, increasing the availability of SaaS models to a comprehensive range of businesses.


The Buzzing Trends || What are the hot ASX-listed SaaS stocks?

Moreover, the COVID-19 pandemic has made some SaaS providers popular among the market participants, as many businesses have moved their operations online, perhaps permanently, for some time.

ALSO READ: Five exciting ASX technology players of 2021

With this backdrop, let us look at eight ASX-listed SaaS stocks -

Xero Limited (ASX:XRO)

New Zealand-based Xero Limited is one of the fastest-growing SaaS companies across the globe. The cloud-based accounting software of Xero connects individuals with the correct numbers anywhere, on any device, at any time. In FY2021, XRO shares delivered an outstanding return of 50%. 

Read More: https://kalkinemedia.com/au/stocks/technology/a-glance-at-eight-asx-listed-saas-stocks

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