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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment

In accordance with the segment reporting topic of the FASB Codification, we present below financial information by reportable segment for 2023, 2022 and 2021 (in thousands):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Consolidated

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Consolidated

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cloud subscriptions

 

$

205,611

 

 

$

42,243

 

 

$

6,758

 

 

$

254,612

 

 

$

148,943

 

 

$

22,988

 

 

$

4,527

 

 

$

176,458

 

Software license

 

 

12,040

 

 

 

2,925

 

 

 

3,241

 

 

 

18,206

 

 

 

16,364

 

 

 

6,380

 

 

 

2,104

 

 

 

24,848

 

Maintenance

 

 

114,963

 

 

 

19,721

 

 

 

9,252

 

 

 

143,936

 

 

 

113,258

 

 

 

19,784

 

 

 

9,156

 

 

 

142,198

 

Services

 

 

362,979

 

 

 

101,254

 

 

 

23,636

 

 

 

487,869

 

 

 

295,998

 

 

 

79,628

 

 

 

18,470

 

 

 

394,096

 

Hardware

 

 

23,602

 

 

 

495

 

 

 

5

 

 

 

24,102

 

 

 

29,321

 

 

 

158

 

 

 

5

 

 

 

29,484

 

Total revenue

 

 

719,195

 

 

 

166,638

 

 

 

42,892

 

 

 

928,725

 

 

 

603,884

 

 

 

128,938

 

 

 

34,262

 

 

 

767,084

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

321,701

 

 

 

89,523

 

 

 

19,390

 

 

 

430,614

 

 

 

271,222

 

 

 

71,108

 

 

 

15,907

 

 

 

358,237

 

Operating expenses

 

 

257,172

 

 

 

19,889

 

 

 

5,417

 

 

 

282,478

 

 

 

227,409

 

 

 

17,187

 

 

 

4,888

 

 

 

249,484

 

Depreciation and amortization

 

 

5,164

 

 

 

503

 

 

 

85

 

 

 

5,752

 

 

 

5,964

 

 

 

613

 

 

 

86

 

 

 

6,663

 

Total costs and expenses

 

 

584,037

 

 

 

109,915

 

 

 

24,892

 

 

 

718,844

 

 

 

504,595

 

 

 

88,908

 

 

 

20,881

 

 

 

614,384

 

Operating income

 

$

135,158

 

 

$

56,723

 

 

$

18,000

 

 

$

209,881

 

 

$

99,289

 

 

$

40,030

 

 

$

13,381

 

 

$

152,700

 

 

 

Year Ended December 31, 2021

 

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Consolidated

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Cloud subscriptions

 

$

103,863

 

 

$

15,380

 

 

$

2,952

 

 

$

122,195

 

Software license

 

 

29,300

 

 

 

5,729

 

 

 

2,041

 

 

 

37,070

 

Maintenance

 

 

113,169

 

 

 

23,091

 

 

 

9,581

 

 

 

145,841

 

Services

 

 

256,392

 

 

 

66,131

 

 

 

12,276

 

 

 

334,799

 

Hardware

 

 

23,491

 

 

 

243

 

 

 

4

 

 

 

23,738

 

Total revenue

 

 

526,215

 

 

 

110,574

 

 

 

26,854

 

 

 

663,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

225,799

 

 

 

58,593

 

 

 

13,435

 

 

 

297,827

 

Operating expenses

 

 

202,217

 

 

 

16,496

 

 

 

4,856

 

 

 

223,569

 

Depreciation and amortization

 

 

7,020

 

 

 

738

 

 

 

156

 

 

 

7,914

 

Total costs and expenses

 

 

435,036

 

 

 

75,827

 

 

 

18,447

 

 

 

529,310

 

Operating income

 

$

91,179

 

 

$

34,747

 

 

$

8,407

 

 

$

134,333

 

Goodwill, Long-Lived Assets and Total Assets by Reportable Segment

In the following table, we present goodwill, long-lived assets, and total assets by reportable segment as of December 31, 2023 and 2022 (in thousands):

 

 

As of December 31, 2023

 

 

As of December 31, 2022

 

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Consolidated

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Consolidated

 

Goodwill, net

 

$

54,766

 

 

$

5,506

 

 

$

1,963

 

 

$

62,235

 

 

$

54,766

 

 

$

5,501

 

 

$

1,963

 

 

$

62,230

 

Long lived assets

 

 

53,061

 

 

 

10,129

 

 

 

2,696

 

 

 

65,886

 

 

 

47,591

 

 

 

6,640

 

 

 

1,136

 

 

 

55,367

 

Total assets

 

 

566,826

 

 

 

85,709

 

 

 

20,819

 

 

 

673,353

 

 

 

488,064

 

 

 

65,491

 

 

 

16,623

 

 

 

570,178