Question-and-Answer Session
Operator
(Operator Instructions) And your first question comes from the line of Tim Willi with Avondale Partners. Please proceed.
Timothy Willi - Avondale Partners
I was wondering when you talk about FSG and the spending outlook and appreciating maybe you are trying to be a little bit conservative or careful about your revenue expectations there, but could you maybe just break it down and sort of talk about where you do see still pretty vibrant areas for growth whether that be -- maybe by a size of institution or particular sort of product and service sets versus areas that you talked about like software and professional services that might slower; just trying to get a little bit more the detail around that business?
Michael Hayford
Tim this is Mike. Yes, as you know our FSG is primarily dominated by processing for us, so allow that business that we’re booking revenues in ’08 is based on sales that we had in ’07 and ’06. I think we said in the past that we had very strong sales years both of ’06 and ’07. So to your point I’m ongoing forward; where we think some opportunities -- we talked about our investment that we are making in the global platform of kind of next gen core and we have actually -- we have seen the interest in that pick-up over the last 4 to 6 months and again that’s the very strategic investment that institutions are going to make. We believe those institutions will need to do that over the next three to five years and we are going to be seeing a lot of interest, so while we haven’t announced any deals yet. We are excited about the future for our global investment in the renewal of core space. We’ve also seen a fairly amount of renewed interest in just getting to the customers, so the whole customer side of the relationship distribution out of the branches, e-banking and then a lot of analytics and probably the most focus has been on integrating that so you can build marketing campaigns, you can build products based on your customer segments and then you can custom and tailor different products to your markets so you can deliver via different channels, whether it’s the branch, whether it’s a e-banking and then as been fair amount of a interest in mobile banking.
Timothy Willi - Avondale Partners
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