This makes a lot of sense, for the balance sheet-whores among you:
…software companies generally have a steady stream of recurring revenue, either from subscriptions or product-support plans. Also, they don’t have manufacturing facilities, inventory, or other tangible assets that can weigh on a balance sheet. They just have staff, which many software companies have cut. The median software company had 8.4% more cash in the second quarter than a year earlier.
What's wrong with .NET, anyway?
via Software Companies Still Rake It in – Digits – WSJ.
