In the first set of interims in the three-year process of structuring future contracts (wins and renewals) to enable subscription-style monthly revenue recognition, the transition is underway, and forecasts are unchanged. Some reorganisation of revenue reporting and cost allocation between cost of sales and adjusted opex completes the busy list of changes which will eventually both remove the extraordinary 1H/2H phasing (which, although explicable, has always generated anxiety), allow visibility ....
