Feb 16, 2017
QT GROUP PLC FINANCIAL REPORTING 2017
Segment reporting
Qt Group comprises of one reportable segment that offers software development tools to its customers. The chief operating decision maker of Qt Group is the CEO together with the Group’s management team. Due to the business model of Qt Group and the nature of its operations and governance structure, Qt Group forms one reportable operating segment, Qt Group. The figures of the reportable segment form the figures of Qt Group.
Revenue from products and services
Qt Group has previously reported its revenue as one consolidated revenue figure for the Group.
In 2017, Qt Group reports revenue from products and services as follows: license sales and consulting, as well as support and maintenance. License sales and consulting comprises of developer licenses, distribution licenses (runtimes) and consulting. Support and maintenance comprises of maintenance fees.
Comparison figures 2016
| Revenue by products and services | 1-3/2016 | 4-6/2016 | 7-9/2016 | 10-12/2016 | 1-12/2016 | ||
| Thousand EUR | |||||||
| License sales and consulting | 4 435 | 6 215 | 4 567 | 5 855 | 21 073 | ||
Support and maintenance |
2 713 | 2 720 | 2 900 | 2 989 | 11 322 | ||
| Revenue total | 7 148 | 8 935 | 7 467 | 8 845 | 32 395 | ||
Revenue from geographical locations
In financial statements, Qt Group reports revenue from geographical locations by the location of assets as follows: North America and rest of the world.
Qt Group PLC
Board of Directors
FURTHER INFORMATION
CFO Mika Harjuaho, +358 9 8861 8040
Qt Group Plc
Qt Group Plc is responsible for Qt development, productization and licensing under commercial and open source licenses. The Qt offering includes a development environment that enables the reuse of software code across numerous different operating systems, platforms and screen types, ranging from desktops and embedded systems to wearables and mobile devices. Qt is used by approximately 1 million developers worldwide and is the leading independent technology behind millions of devices and applications. Qt is the platform of choice for in-vehicle systems, industrial automation devices and other business critical applications manufacturers, and is used by leading global players in 70+ industries. The Qt Company operates in China, Finland, Germany, Japan, Korea, Norway, Russia and USA with about 200 employees worldwide. The Qt Group is headquartered in Espoo, Finland and is listed on Nasdaq Helsinki Stock Exchange. The company’s net sales in year 2015 was 27 MEUR. To learn more visit http://qt.io
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