Disc: I own SCL, but this is something to be aware of.
The fastest growing business in SCL is their ETAS. This is their training services, which is not tech, or software. It is training.
It represents 30% of revenue, and is growing at around 80%, driven by what appears to be high demand from the cyclical mining sector. Taking this side of the business out of the equation, overall growth is running at a more "pedestrian" rate below 30%.
IF the ETAS business growth tanks due to a mining dowturn, or ohter impact on the business, SCL overall growth will be seriously affected.
This is not a 100% SAAS story - yet.