I thought it was a creditable result in a challenging environment. Not expecting much in the next few quarters, but if they can maintain their dividend, that will be a reasonable return in lieu of waiting for better market/macro conditions to return.

Nice jump in gross margins.

I think this is a rapidly improving business as software sales grow - which are also more defensive and recurring than selling computers. Decided to take a position in the SMSF as well - the debt and working capital concerns me but never seems to be a major issue.