Decimal Software Share Price Soars 16.67%

Decimal Software Limited [ASX:DSX] have been working hard to ensure its shares hit all the right places in the share market.

Todays 16.67% growth surge show the fruits of their hard work, scaling Decimals shares to a higher value.

Its Digital Advice Platform has turned over a high amount of investments valued at $25 million.

Annual revenue has increased by 28% while being driven by new licence agreements that have helped expand the scope with Decimals existing clients.

With a strong company leadership and clear market direction, Decimal holds all the right tools to create a stable financial platform for themselves.

Decimal stay true to its purpose while improving the quality of its company

Total revenue for Q3 of the 2018 financial year has grown by 42%.

While increasing its revenue across multiple fronts, Decimal have also managed to reduce its overhead expenses by 44% over the least four quarters.

These growth figures reflect the companies increased platform maturity and transition into the marketplace.

The purpose of Decimals platform is to enable modern technology to deliver a more multi-channel experience that puts fourth the best aspects in technology.

Customers then receive financial advice on the platform, which is purposed to steer their financial goals in the right direction.

By making its product available on a technological platform, their services have successfully transitioned to a more modernised focused.

Decimal have adapted well into the market, knowing what key areas to hit.

Its plan to capitalise on future market growth is primarily focused on pushing for the needs of its target market, while developing new partner channels to help increase sales.

Decimal are aware many Australians don’t receive any financial advice, and that with all the drama surrounding the big four banks, many individuals are searching for an alternative.

Decimals push for market relevance and exposure while being at the right place in the right time.


Ryan Clarkson-Ledward,
For Money Morning

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Ryan Clarkson-Ledward is an Editor at Money Morning.

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