Well, that is a "material step-up in 1H earnings", as...

Well, that is a "material step-up in 1H earnings", as foreshadowed in the 2016 Annual Report. I never do know when to fully trust what this company says .... but on this occasion they will deliver.

For the record, here are the last 5 year's 1H EPS:
1H2016 2.4 cents
1H2013 0.8 cnts
1H2014 2.1 cents
1H2015 1.9 cents
1H2015 1.6 cnets

1H2017 Forecast
4  to 4.2 cents EPS

Of note is that the Net Profit Margin is well beyond 10% now for the last couple of years, a benchmark that I look towards to define very high quality companies. The move to subscription licensing seems to be paying off, but can it be sustained (or is this just a sweet spot we are in)?

I wonder if we will see a maiden interim dividend? Or does the company believe it can reinvest these earnings at attractive rates of return? I guess we will find out soon enough!