half year results, page-7

If I were a holder of ITE (which I am not) then I would be wanting to know more about their income side of the statement.

The (only increase in income has come from sales - a feature that with a now limited forward pipeline will not likely be repeated. The income stream a ITE needs to lift is that from ongoing maintenance - this income stream is virtually unchanged yoy.

A couple of years ago management set a short term goal of shifting the bulk of their income from sales to maintenance, clearly they have been unable to do this.