Addnode continues on the stable trend and the Q2’18 report showed both organic growth and improved profitability. Sales came in largely in line with our estimates while the profitability was better than expected. In Q2'18, the recurring revenues amounted to 55% of net sales. On a trailing 12-month basis (T12M) approximately 55% of net sales were generated from support, maintenance, and SaaS solutions. This adds stability and greater possibilities to adapt to new market conditions.