Plus that’s all Revenue coming in at a virtually 100% incremental Gross Margin, as it doesn’t require any additional investment into people or software.
Correction to the above: I should have said "at a virtually 100% incremental Net Profit Margin", as any such incremental Revenue will flow all the way down to the bottom line (in absence of interest and tax expense, beside no additional overheads/D&A).
Ann: Eteach Partnership, page-4
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