RPMGlobal’s software surge


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In a sea of full year results, RPMGlobal today released a trading update.

It did so because it sold the largest single software licence in its history on the final day of the 2017 financial year. This meant the company’s auditor had to consider how the revenue should be recognised: should it be recorded in 2017, in 2018 or split between the two?

Ultimately, 55% of the revenue will be recorded in 2017, with the rest in 2018. Despite…