Info-Tech Systems Ltd.’s strong performance stands out in a period when broader Software-as-a-Service (SaaS) sentiment has turned cautious. While many global SaaS firms face slowing growth, margin compression, and valuation resets, Info-Tech has delivered a combination of high growth, strong profitability, and resilient recurring revenues – suggesting that not all SaaS models are equally exposed to the current downturn. At its core, Info-Tech’s business model is tightly focused on small and medium enterprises (SMEs), a segment that remains structurally underpenetrated in digital software adoption across Southeast Asia and India. Unlike enterprise-focused SaaS players that are experiencing budget tightening and elongated sales cycles, Info-Tech benefits from mission-critical use cases such as payroll, compliance, accounting, and HR operations, that SMEs cannot easily defer. This gives the company a high degree of revenue defensiveness, reflected in its 90% gross customer retention and subscription-heavy revenue base built on annual prepaid contracts. It also ensures strong revenue visibility and cash flow stability, even amid macro uncertainty....