It may be that some didn’t understand this, but the market as a whole isn’t that stupid.
My estimate for the inorganic growth brought by IAR in Q2 is about 8–8.5 million. Of that, about 5 million would be maintenance revenue, which aligns with the growth in total maintenance revenue. At the same time, Qt’s traditional business distribution license revenue fell by 6.2 million. In other words, of the reported 10 million growth, about 7–8 million was from Qt’s traditional business developer license and consulting revenue. That is significant—over 25% growth in the very segment that was feared to be the first hit by AI disruption.