The CEO of mining software takeover target RPMGlobal sees good growth prospects for the company in the Americas and other regions, and for mature enterprise products he describes as “more technically advanced” than competitors, after it increased FY24 first-half revenue and net profit by 21% and 467%, respectively, year-on-year.
Richard Mathews says the company is seeing strong validation of its long-term mining software product build and switch from perpetual to subscription licences in the form of steadily climbing, higher-margin technology business sales to large miners. The software business is complemented by RPMGlobal’s 50-year-old, legacy mining consulting arm.
“We’ve always been talking about an inflection point in the [mining] software business,” Mathews said on the company’s H1 results call.
“I’m not saying the inflection point is now, but it feels like it is pretty close.”
