Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Ajit Pai - Thomas Weisel Partners.
Ajit Pai - Thomas Weisel Partners
The first question is just to quantify the EBITDA that he talked about in the new KPI and the doubling of that. Could you actually give us a number, from what to what you expect it to go over three years? And whether it's going to double from fiscal year 2010 to fiscal year 2012 or from fiscal year 2009 to fiscal 2012?
Germain Lamonde
In fact, in 2009 EBITDA ended at $14.5 million and we plan on reaching for $29.0 million by the end of fiscal 2012. It's about 28% CAGR on EBITDA.
Ajit Pai - Thomas Weisel Partners
And when you're looking at the top-line growth of 20% of the KPI, are you looking at that organically or it doesn't matter whether it's organic or inorganic?
Germain Lamonde
Well, it's organic, or maybe including some small acquisitions. If it were to be a decent size or bigger size, [inaudible] actually, of course, a greater metric.
Ajit Pai - Thomas Weisel Partners
And from a broad sort of structural perspective, when you're looking at the focus markets, I think North America has always been a very significant percentage of your revenue. Is there any kind of material shift you see happening over the next two to three years in terms of where your growth is going to be in terms of geography?
Germain Lamonde
Well, this year has remained rather flat. Some of our businesses tend to be more like North America, others seem to be more global. But we think over time, as all the type of products and services, including this assurance gets become more accepted globally, we think that the shift towards more in APAC overall will eventually take place. But it won't ever be a radical shift. But we used to be at 65% in the Americas, now, in fact, it's a bit less now. And I think that's where we should be ending in the longer term.
Ajit Pai - Thomas Weisel Partners
What about share in Europe? Do you think it could go up from where it is right now?
Germain Lamonde
Well, EMEA accounted in fiscal 2009 to about 27%. I think that's pretty good. It's not going to shift radically from there. Like it should remain within a few percentage points of that.
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