CB London is wrong. vlscout and Nice One's posts are correct. I don't know how such a point could even be up for debate, it's the most basic of accounting concepts - Cash Flow vs P&L!
Agree with vlscout's assessment of the enterprise side, although it's unclear what impact the "group sales" plans may have had on that. Also historically IPR/NEA never broke out recurring enterprise revenue vs one-offs (well they did all the way back in June 2011 but not since).
mrdin: no questions or comment on the conf call about international expansion.
The cash flow, cash in hand, and zero debt, suggest they have financial capacity for expansion but IMHO they don't really need the distraction of intl expansion right now. There is still a lot to do within Aus.
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