RPMGlobal Holdings Ltd (ASX: RUL) shares are having a strong finish to the week.

In morning trade, the ASX 300 tech stock is up 11% to $3.17.

Why is this ASX 300 tech stock jumping?

Investors have been buying the mining software solutions provider's shares this morning following the release of an update on its sales performance in FY 2025.

According to the release, RPMGlobal achieved total contracted value (TCV) of $64.5 million in the second half of FY 2025. This brought its full year TCV to $100.8 million, which represents a 30.9% increase on the $77 million it recorded in the prior year.

The bulk of this is from subscription licenses, with sales up 33.6% to $100.7 million for the 12 months. The ASX 300 tech stock's perpetual licenses contributed $100,000 to its TCV, which is down from $1.3 million a year ago.

But the decline in revenue from perpetual licenses isn't a bad thing. It is something the company has been working on. It explains:

Given the Company's strategy and preference to sign subscription license sales (which deliver stable and predictable recurring revenue reported over multiple financial years) over one off perpetual license sales (which are fully reported as revenue in the financial year they are sold), the Company was pleased to see perpetual license revenue reduce by $1.2 million year on year.

The ASX 300 stock also provided the market with an update on its annualised recurring revenue (ARR).

As of 1 July 2025, the total value of ARR was $69.1 million. This comprises $62.8 million in subscription fees and $6.3 million in maintenance fees. Though, the company highlights that the majority of subscriptions are transacted in US dollar. So, with the USD dropping sharply against the AUD in June, this has had a negative point in time impact on the ARR value.

The company also revealed that it has $200 million in pre-contracted, non-cancellable software revenue, which will be recognised in future years. This is up $38.7 million or 24.2% from the same time last year.

What about earnings?

No earnings update was provided with today's release. This is because of the complexities arising from the divestment of its Advisory business. It explains:

As a result of the successful divestment of its Advisory business to SLR, which was completed on 2 April 2025, and the ongoing Transition Services Agreement (TSA) with SLR, the Company will not provide an update at this time on its expected Group Revenue, Operating EBITDA, and Profit Before Tax (PBT), which will include a part year contribution from the Advisory division on a statutory basis.

Following today's gain, this ASX 300 stock is now up 20% since this time last year.