Hi, this is Digital Workforce’s CFO Laura!
Jussi already managed to answer yesterday, but here is a slightly more detailed explanation.
The change in license accounting consisted (just as you noted) of two parts:
1. Netting of revenue, where only the resale margin is recognized as revenue.
2. A change in timing, where the entire license deal (net) is recognized at once, rather than being deferred over time as before.
As shown in the published comparative figures, the annual value of license sales is around 5 million. With a margin slightly below 20%, the revenue after netting is approximately 1 million per year. Adjusting the timing for comparative periods would only have affected the allocation of this million between quarters and financial years. A significant portion of the license base is renewed annually, so the impact stabilizes after the first year. The impact of the change was assessed as minor and was implemented only for new contracts starting in 2026. To clarify the impact of timing, we will report the additional sales caused by the change in the first quarter of 2026.
Thank you for the great question, and wishing you a sunny investment spring ahead!