Overall revenue was more or less in line.
The professional/consulting workload volatility is not unusual and it has now picked up strongly.
Recurring revenues at 80% or $38m is substantial quality earnings and should be highlighted.
IMHO - it is not difficult for the company to generate much bigger bottom line numbers in 2016/17.
There shouldn't be any need to invest in substantial professional staff numbers.
The investment made in applications to improve efficiency/profit from recurring managed services is
now mostly written off. The revenue growth and costs savings should now follow.
Hiring PR to help write the company releases is a good start - techies and accountants are not good at it.
BPF Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
