Question-and-Answer Session
Operator
Very good, sir. (Operator Instructions) We will take our first question from the site of Bret Jones from Leerink Swann. Your line is open.
Bret Jones - Leerink Swann
Hi, good morning. I was just trying to understand how the 20% bookings guidance, last year – when we look at 20% bookings guidance, your relatively positive view on the market, and the effect that the DRA has essentially been lapped. How does that rectify, or how is that reflective in the 4 to 8% revenue growth guidance? Is that mostly the effect of customers going to an ASP model?
Stephen Kahane
Bret, the last part of your question – I wasn’t sure. You said something about 48%?
Bret Jones - Leerink Swann
4 to 8% revenue growth?
Stephen Kahane
Oh, 4 to 8% revenue growth. Okay. Yes. I mean the short answer to that and Joe feel free to chime in on top of this, is yes, that the deals, we are doing more subscription-type licensing, some more deals with extended payment terms, that tend to delay rev rec, but that’s really the short answer. Joe do you want to elaborate on that?
Joe Hill
That’s the same phenomena that we saw that this year is that, as we are doing more of these extended deals, the order growth is going to outpace for the short term the revenue growth.
Bret Jones - Leerink Swann
Okay, and I was wondering if we could talk about the maintenance and service component, it was about 76% of total revenue. How much of that would you consider to be true recurring revenue versus like implementation services and things like that?
Stephen Kahane
So every quarter, Brett, we break out services from maintenance and support. That’s usually the first paragraph of my little speech. So we can give you that in a minute, but I think this quarter, of the total recurring which in the public documents is presented as maintenance and services, we break that apart, and the breakdown was of the $7.9 million, the services were $1.8 million and true recurring was $7.9 million, so and that when you add it together is the maintenance and services.
Bret Jones - Leerink Swann
Okay. So I was just curious as to how much is that service – so $7.9 million, the vast majority of your service and maintenance is going to be recurring, so it would imply, yeah, I’m just trying to get to what the...
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