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.
Chris is the Chief Investment Officer of Wilson Asset Management, having joined the company in 2006. He is also the Portfolio Manager responsible for WAM Capital (ASX:WAM), WAM Research (ASX:WAX), WAM Active (ASX:WAA) and WAM MicroCap (ASX:WMI).