Master of its Class

On Wednesday, superannuation software company Class Limited (ASX: CL1) reported its half year results, with net profit after tax of $3.6 million, up 28% on the prior corresponding period. The company said the increase in profit was driven by continued growth in the Class Super product and a record increase in the Class Portfolio product. We believe Class is well positioned to take advantage of the long-term growth prospects of the SMSF space as well as the move to cloud software. Shares in Class closed up 19.2% for the week. We own CL1 as a research-driven investment in WAM Capital and WAM Research.