Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Peter Appert - Goldman Sachs.
Peter Appert - Goldman Sachs
I was hoping you could maybe give us a little more color on the drivers of organic growth within both the Energy and Engineering segments, in particular a better understanding of the product mix or new product offerings, geography, pricing, just something to help us better understand what drives the organic growth rates, and in particular, the acceleration in growth in Engineering and the deceleration in growth in Energy, if there’s anything beyond on what you mentioned in the call.
Jerre L. Stead
We have said consistently that we expect to operate with double-digit organic growth through 2008. Feel that way and it’s based in our guidance that Mike just provided you on revenue.
Secondly, we’ve been consistent with saying that 35%-40% of our organic growth was coming through enhanced price realization. 30%-35% is through gaining a larger wallet-size share of our customers, existing customers. And the balance of organic growth would be coming from new products and/or new customers.
I would say just two or three things and, as I said, we’ll start out with a little more detail of the two soon to be historical reporting segments.
We’ve worked very hard and are tremendously very proud of Ron and his Energy team and Jeff and his Engineering team in going through and pruning out businesses that were not profitable. As an example, we’ve covered that in some detail in the past with things, everything from non-profitable service businesses and other things that didn’t provide really critical help for our customers. And Engineering has really wrapped that up.
We’ve also said consistently that we would not grow consulting business in any of our domains or in our historical Engineering and Energy businesses unless they created pull-through. To just put that in perspective, on a year-to-date basis, we are now under 7% of our revenue in total for consulting. So that gives you a pretty good feel, down from previous numbers. And we will continue to do that when we gain our ability to pull through subscription based.
Perhaps most importantly, the good guide for everybody and one of the blessings of our company is the deferred revenue. And there we had deferred revenue 12% organic growth that you could pick out of the deferred revenue number, despite and of course it being much higher than that because of the acquisitions included. So, feel very good about all of that, too.
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