Great point at the end, but the counter argument is that we have seen a full half year from the new re-focused business and they increased gross margins from 48% to 63%. I suppose there is a risk that it was only one half (similar to your point about one quarter and I agree), but I don't see any reasons those margins wouldn't be sustainable given you are 100% correct about the new business being software based without large costs of sales.
I guess we wait and see, but I appreciate the analysis.
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