Revenue for the nine months was $100.7 million an increase of 10.7 percent over last year's corresponding period. Pre-tax earnings reached $7.4 million up 8.8 percent from a year ago. Honoré said the move to the cloud was impacting both license sales and service revenue. Service income suffers because there fewer services are sold to cloud customers. Columbus has responded by shifting work in the services business from new customers to existing customers. However, CFO Hans Henrik Thrane noted, "We expect service revenue to continue to be the major revenue stream in the future." Overall, Columbus expects revenue to increase an average 10 percent annually each year through 2018. About 3 to 5 percentage points will come from services revenue with the rest from anticipated acquisitions.