Just 1 word, lousy.
Cut through all the bullshit about growth of 17% growth if exceptional items such as GIT sale profits is excluded, QoQ Gross profits is lower, revenue is lower. Period.
No one is really comparing it YoY.
Maintainance revenue which is recurring, is hardly recurring. The 10 percent fall more than offset all the growth from.all segments.
With all the contracts win, if topline cannot increase after a gestation period of more than 1year, it just means 1 word, bullshit.
Conclusion: Reduce. Thesis does not work out.
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