"With COVID-19, the unemployment rate spiked from 3% to 15% overnight," he said. "As we kind of come off this bottom, you have a cyclical tailwind of more people coming back to work and you also have the secular tailwind of more people working from home."
"Small-and-medium-sized businesses don't really have like a dedicated HR person, it's usually somebody that wears a lot of hats," he said. "So Paylocity and Paycom bring a cloud-based platform that overlays on your system. It's very intuitive and it can be up and running very quickly, so they've been taking a lot of share from ADP."
In the healthcare sector, Lambert has looked beyond the chase for a company to develop a one-time vaccine for the COVID-19 pandemic. "If you don't control your blood sugar correctly, you can have a lot of knock-on health problems so Dexcom provides the sensors that can monitor and they have to be changed out every two to three months," he said. "So you have this combination of a lot of people getting on the system and a recurring revenue feature.
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CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL
Motley fool article on OpenLearning=ASX$OLL🚀🚀
OpenLearning=ASX$OLL Half year results🚀🚀🚀
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