XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Revenue $ 476 $ 496
Cost of revenue    
Cost of revenue 174 195
Gross profit 302 301
Operating expenses    
Selling, general and administrative expenses 153 157
Research and development expenses 70 76
Total operating expenses 223 233
Income from operations 79 68
Other expense, net    
Interest expense (7) (6)
Interest income 7 2
Other expense (21) (9)
Total other expense, net (21) (13)
Income before income taxes 58 55
Income tax expense 18 19
Net income $ 40 $ 36
Net income per common share    
Basic (in dollars per share) $ 0.39 $ 0.34
Diluted (in dollars per share) $ 0.39 $ 0.33
Weighted average common shares outstanding    
Basic (in shares) 101.4 105.0
Diluted (in shares) 103.8 108.6
Total recurring    
Revenue    
Revenue $ 389 $ 386
Cost of revenue    
Cost of revenue 98 105
Subscription software licenses    
Revenue    
Revenue 104 93
Cost of revenue    
Cost of revenue 6 7
Services and other    
Revenue    
Revenue 285 293
Cost of revenue    
Cost of revenue 92 98
Perpetual software licenses, hardware and other    
Revenue    
Revenue 13 26
Cost of revenue    
Cost of revenue 11 18
Consulting services    
Revenue    
Revenue 74 84
Cost of revenue    
Cost of revenue $ 65 $ 72