Bagger in the Making, page-283

I think what Paul's saying is that a record quarter on a pcp basis is a given, purely due to track contributions for the full quarter. Technically we could get a record quarter in revenue and ebitda, but have company performance on a like for like basis deteriorate when compared to the last monthly revenue and ebitda update (December numbers).

Hopefully Dom breaks down the update between QA & Subscription businesses so we can start getting visibility of how both business are progressing. I think validation that subscription revenue & ebitda is being sustained and/or improved from FY15 proforma levels is what people on the side line are waiting for (unlike with debt reduction).

Fingers crossed we get some news flow this week

GLAH