licence fee revenue question, page-2

Gralynchett.

Hope this helps:

Overall IRI revenue should be viewed by Industry Category (i.e. Communications, Payments and Infrastructure) and also financial type (i.e. License fees, Maintenance and Consulting).

'New business' sees the licensing of software product in return for a once-off fee. Because of the growth of IRI's business activities in recent years license fee growth has been good. In addition there is 'annual maintenance' revenue. Due to the business critical nature of our software, the annual maintenance option will normally be taken up by all our customers - this will entitle them to any new releases and code fixes.

Additionally, a small but potentially high growth 'consulting' business has recently been created and seems to be flourishing.