Sam Hupert, the billionaire co-founder of $20 billion health software giant Pro Medicus, says his company has survived the worst of the “SaaSpocalypse”, with two major contract wins showing demand for its product remains robust and helping to underpin a recovery in its share price.
Pro Medicus, which sells medical imaging tools, was caught up in a global sell-off of software companies earlier this year from fears they would be disrupted by artificial intelligence tools such as Anthropic’s Claude. The company’s shares plunged more than 60 per cent between September last year and February.
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