Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Bryan Keane – Credit Suisse.
Bryan Keane – Credit Suisse
George in the second quarter release, it looked like FIS expected to record Certegy Australia as a discontinued op in third quarter results so I guess I was under the impression that Certegy Australia was already excluded from guidance for the rest of 2008. Was that not the case?
George Scanlon
Well we thought at the time in the second quarter there was a possibility to close the transaction by the end of the quarter, Bryan, and as it turned out the transaction didn’t close until mid-October. And because of the timing and the uncertainty at the end of the quarter with regard to absolutely closing the transaction, we decided to appropriately push the discontinuance into the fourth quarter.
Bryan Keane – Credit Suisse
But it wasn’t included, I guess, it didn’t already excluded from [inaudible] –
George Scanlon
No it’s been consistently a continuing operation.
Bryan Keane – Credit Suisse
And then looking on Slide 8, the bank fillers and consolidation business, the revenue at risk can you just describe how you guys came to that number? How did you figure that number?
George Scanlon
Well we actually broke it down by product line and then ranked the probability of retaining that line of business with the acquiring institution. And in all cases where we posted it as a save, we had an existing relationship in place for a certain product with the acquire, therefore highly likely that we would continue to benefit from the additional volume from the acquired institution. So that’s how we broke it apart and that’s how we detailed but it was on a product line by product line basis.
Bryan Keane – Credit Suisse
On EBS it was nice to see that bounce back in the quarter. Is that sustainable at that kind of level going forward, or should we see that number bounce around a little?
Lee A. Kennedy
You know I think it’s going to bounce around a little bit but I think you’d be safe in looking toward more of a flat revenue base when you move into the fourth quarter and look a little bit beyond that. We benefited from one large software license that we secured in the third quarter that will not be repetitive, but it certainly we don’t believe it will be anywhere near what we saw in the second quarter which was negative 7.7%, so look to kind of a flat quarter as we move forward.
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