Alfa Financial Software Holdings PLC expects to exceed current revenue expectations for the year ending 31 December 2020 by just under 5% with all of the benefit flowing into EBIT in addition to the continuing benefit of the reduced costs. Looking to 2021, the company expects a larger proportion of work to be spent on upgrading existing customers to Version 5 and in the expansion of global relationships under existing licences rather than new standalone projects. Retaining and expanding footprint with existing customers is a real show of strength in the service that it deliver to them, albeit that these upgrades and expansions will generate a lower level of perpetual licence income next year. The company is building a business that has the capability to grow both revenue and profits, but until contractual cover is secured expectations of 2021 financial performance remain unchanged.