O frabjous day! Callooh! Callay! He chortled in his joy.
The financial result is as good as we could have hoped for
"Importantly, neither of these deals contributed any revenue to FY19, it is all ahead of us. Eventhough we’ve done the bulk of the implementation for Phase 1 of the Partners deal, under thenew accounting standards, the professional services revenue will only start in FY20 and will bespread over the next 7 years. Transaction revenues from Partners started in July of this year andwill be a significant contributor for about eleven months of FY20. We expect revenue from Duke to start early in the third quarter FY20 and build transaction revenues on top of what we get fromPartners."
I especially like the bit in bold in the quote below.. The Microsoft of medical image handling, here we come.
Dr. Hupert said Pro Medicus’ pipeline was growing, and it would continue to actively pursueopportunities in the large enterprise, academic, corporate and private imaging centre markets. “OurNorth American pipeline continues to be strong both in terms of quantity and quality of prospects,” hesaid. “It is a dynamic market and we feel we are in a good position with our technology and provenability to implement. We are also seeing a greater impact from the network effect of our growing base ofTier 1 academic clients which we believe will provide us with a strategic advantage in the emergingfields of Enterprise Imaging and Artificial Intelligence”.
Cheers
PME Price at posting:
$28.65 Sentiment: None Disclosure: Held
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(20min delay)