It's revenue gained from the licensing of a certain product or service as opposed to the physical product itself.
For example a software vendor can sell 10 copies of it's software or it can sell 10 licenses, the licenses are just permission to use the product just like the physical product only it becomes more convenient to use a licensing method if you have many different assets to manage.
Businesses use a licensing approach to their software more than general consumers.
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The difference between a single-user license and a network license is a single-user is for ONE computer and a network license is for a certain amount of computer like in a company or business.
The company generated 175 billion in revenue in the last fiscal year.
the technology is already aligned with main revenue streams
Some of the pros of licensing technology are that the owner shares in any technological improvements and receives technical assistance. Cons include loss of control over the product and loss of intellectual property.
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