ELMO Software Ltd (ASX: ELO) was founded in 2002. It’s a cloud-based HR and payroll software provider for businesses. The idea is that it offers a single platform for organisations to unify and streamline the HR processes whilst also managing payroll, rostering and attendance. It sells its software on a recurring subscription model.
On the ASX and globally, shares in the software industry are my favourite stomping ground. Nitro Software Ltd (ASX: NTO), Whispir Ltd (ASX: WSP), Hansen Technologies Ltd (ASX: HSN) and ELMO Software Ltd (ASX:ELO). There’s a lot to choose from.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.62% at lunch.
The ELMO Software Ltd (ASX:ELO) share price has fallen over 4.4% after coming out of its capital raising trading halt.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.03% on Wednesday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.16% at lunch.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.15.% on Tuesday.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.45% at lunch.
Software business ELMO Software Limited (ASX:ELO) released its fourth quarter cash flow report to the ASX this morning revealing an 86% jump in cash receipts.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Monday morning.
