PTUS has three basic revenue streams: (1) Licensing (i.e., revenue from licensing its Y2K products to in-house users, such as the State of New Jersey, and royalties from remediation companies, such as Computer Sciences); (2) Outsourcing (i.e., revenue generated through maintenance service agreements to assist companies maintain their
information technology systems); and (3) Other Services (i.e., remediation services, consulting and training). As of December 31, 1997, licensing provided 54.2% of revenues, outsourcing provided 28.4%, and other services provided 17.4%.
In light of PTUS's new emphasis on full service Y2K remediation, the category "Other Services" should grow as a percentage of total revenues, while "Licensing" should decrease as a percentage of total revenues.
The Y2K remediation work will not vanish on January 1, 2000. This work will continue for some period of time past that date. I've seen estimates of two to four years. There is only a limited time before the change in the millennium, so remediation efforts will focus on the absolutely critical changes between now and then. Thereafter, work will continue on the less critical changes.
Finally, currently and post 2000, PTUS is seeking business opportunities in connection with the European Monetary Union and "Outsourcing" work.
Hope that helps. |
