ASG Group benefiting from a shift to cloud computing

Glennon Capital

ASG Group Limited (ASX:ASZ) is an Australian IT Services company which services predominantly blue chip and government clients. The business employs about 800 people, with a presence in every state. ASG has a market capitalisation of $213 million and long term contracts spanning several years. Pleasingly the renewal rate on contracts is very high, demonstrating the strong regard with which ASG's clients hold them. ASG is benefiting from the shift towards cloud computing as they help transition their clients to web based solutions and software-as-a-service. We believe this area will drive ASG's earnings going forward.


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