Old accounting rules - guidance compared to actual results:
<<5/22/2018
Under the accounting rules in effect prior to the company’s adoption of ASC 606, the company’s expected second quarter 2018 total revenue range would have been between $85 million and $88 million, again comprised primarily of recurring revenue and less than $1 million of non-recurring revenue.>>
<<Second quarter 2018 recurring revenue was $67.5 million, a 5% sequential increase compared to first quarter 2018. Under ASC 605, recurring revenue for second quarter 2018 would have been $88.6 million, compared to $87.9 million in second quarter 2017, primarily driven by new fixed-fee agreements signed during 2018.>>
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