Here is something to consider, from the Q3CC:
Revenue per employee is $492,000 at the end of the third quarter, an increase of over $277,000 from the same quarter last year. This does not yet include the impact of the Artilium acquisition. We expect to continue to exceed the expected industry average for average -- annualized average revenue employee per year, and on that basis, on a pro forma basis, our revenue per employee, including Artilium acquisition is roughly $359,000 per employee, and again, the benchmark for our industry would be in the low 200,000s.
This shows a large amount of operational leverage, although that picture is a bit blurred by the acquisitions. We won't go as far as to say that it's a matter of hooking the customers up (out of backlog) and then leaning back and collecting the rent (recurring revenues), but it's not that far off..