Instructure Inc Continues to Add to Its Sticky Revenue

Increasingly, we are seeing different software-as-a-service (SaaS) companies come to dominate their respective niches. Salesforce.com has conquered much of the sales world by giving companies a tool to track customer management. Veeva Systems -- an outgrowth of Salesforce -- is quickly capturing the cloud needs of big pharma.

And a tiny company started in Utah -- Instructure (NYSE: INST) -- has been winning over huge swaths of the education market. I make these comparisons because Instructure's most recent quarter reveals patterns that we've seen from the two aforementioned behemoths: winning over market share with high retention rates and evermore product offerings to raise switching costs.

Instructure reported third-quarter earnings on Monday. Let's take a look at what investors learned.

Source: Fool.com