Question-and-Answer Session
Operator
Thank you. We will now be conducting the question-and-answer session. (Operator instructions) In order to allow everyone the opportunity to ask a question, please limit yourself to two questions per person. If you have further questions, you may re-enter the queue. One moment please. Our first question’s coming from Matthew Weiss with Maxim Group.
Matthew Weiss – Maxim Group
Good morning, everybody. How are you?
Najeeb Ghauri
Good morning. Thank you very much.
Matthew Weiss – Maxim Group
A handful of questions here, first, if you could just tell me, I think it was the prudent thing to do with the guidance. Could you just tell me now what your expectations are for – in terms of what’s built into the guidance now, for things to stay the same, if things deteriorate further, if things improve? Can you just sort of tell us what kind of expectations you’ve built in there?
Najeeb Ghauri
Yes. Thank you for the questions. We are quite busy with our NFS application, like LeaseSoft and LeasePak in all the markets. There have been growth and activities from the US, Europe, and Asia, especially, that’s one factor, and we would see continued traction in that area. We’re also very busy in our offshore communities where we have some interest going forward from the UAE markets. And as (inaudible) to you, we’ll announce it. So we have built in some progress there. And I’m sure Naeem and Mitchell have some more color, they’re both on the call, to see what their perspective of where we’re going in terms of further developments.
Naeem Ghauri
This is Naeem here. Just basically to just expand on what Najeeb is saying that we have achieved tempered guidance based on the environment around us, not necessarily based on any major slowdown we’ve seen in our business. And we have been continuing to see good prospects from within Europe. We’ve seen the UK market slowdown a little bit from last year. But we are seeing additional interest from some of the emerging markets and some of the other European countries as well as China. So on the LeaseSoft Financial application, we expect the license sales and services revenue to continue to grow quite attractively over this fiscal as well.
On the services side, we’ve seen some slowdown. However, we don’t see that as a major issue – effects on the overall numbers for the year. So as I said, the guidance is basically tempered based on what could come ahead, not what we have already seen.
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