Even with all the hype that DropBox, Windows 8's remote access tool, and Google Chrome's remote control feature, might cut into LogMeIn's (LOGM) market share, the company continues its up-and-to-the right growth trend when it comes to revenues.
The stock took it on the chin back in 2012 due to serious weakness in its European-based customer care service cloud offerings. The rescue segment in Europe had very rapid growth, which was nearly 30% in 2011, but slowed to single digits in Europe in 2012. However, the company has since worked through that.
Innovation is at the heart of what is driving, and will continue to drive LogMeIn higher. The company is no longer just a company that...
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