Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from David J. Koning – Baird Equity Research.
David J. Koning – Baird Equity Research
I guess first of all just on the financial solutions versus payments, you did a great job kind of laying out the headwinds in Q3 and then how they’d get a little better in Q4. I’m just wondering if this year and even as we look in the future do you expect both of those segments to look about the same from a growth profile? Or, maybe you can talk a little bit about the puts and takes?
Lee A. Kennedy
Dave, I would say that as we look forward we would anticipate that the payments part of our business would have faster growth characteristics and the financial solution segment would have a little bit more lumpier story. The software sales this year have been a challenge as you can imagine, we’re down about 30% year-over-year and yet we’ve been able to expand margins despite the loss of that most profitable part of our business.
We know from the pipeline that there are deals in the future, it’s just the delays in getting customers to the finish line have compressed revenue growth. But, we know over time that part of our business will come back along with the professional services and so we think we can resume a normalized level of growth. The payment side though I would expect to grow faster on average.
George P. Scanlon
I think payment will be aided by the strong growth in debit. We had really good growth for the quarter, we expect that to continue on and also the conversion of some of the accounts in Brazil which will add to that on the international side anyways. So, I think those factors will push payment at a faster rate than what you see on the financial services side.
David J. Koning – Baird Equity Research
Just one other question, if that was a challenge, kind of how to adjust numbers after guidance gets raised so meaningfully to the out year and I know you don’t want to comment much on 2010 by any means yet but my one question I guess around that is this year it seems like license was obviously very weak so it seems like the comp gets easier in 2010 and fx gets a little easier too, are those kind of the two main comps that do get a lot easier in 2010 or is there anything else happening this year that you would expect to get a lot easier in to 2010?
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