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Revenue from Contracts with Customers (Tables)
12 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Receivables, Contract Assets and Liabilities

Receivables, Contract Assets, and Contract Liabilities

 

(in thousands)

 

September 30,

 

 

 

2023

 

 

2022

 

Short-term and long-term receivables

 

$

997,490

 

 

$

870,962

 

Contract asset

 

$

16,465

 

 

$

21,096

 

Deferred revenue

 

$

681,550

 

 

$

520,333

 

Disaggregation of Revenue

Disaggregation of Revenue

(in thousands)

 

Year ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Recurring revenue(1)

 

$

1,907,918

 

 

$

1,736,188

 

 

$

1,616,328

 

Perpetual license

 

 

38,640

 

 

 

34,065

 

 

 

33,013

 

Professional services

 

 

150,495

 

 

 

163,094

 

 

 

157,818

 

Total revenue

 

$

2,097,053

 

 

$

1,933,347

 

 

$

1,807,159

 

(1)
Recurring revenue is comprised of on-premises subscription, perpetual support, SaaS, and cloud services revenue.
Summary of Revenue and Profit Attributable to Product Groups

We report revenue by the following two product groups:

(in thousands)

 

Year ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Product lifecycle management (PLM)

 

 

1,330,316

 

 

 

1,137,016

 

 

 

1,012,120

 

Computer-aided design (CAD)

 

 

766,737

 

 

 

796,331

 

 

 

795,039

 

Total revenue

 

$

2,097,053

 

 

$

1,933,347

 

 

$

1,807,159

 

Summary of Revenue for Geographic Regions Our international revenue is presented based on the location of our customer. Revenue for the geographic regions in which we operate is presented below.

(in thousands)

 

Year ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Americas(1)

 

$

1,023,273

 

 

$

895,095

 

 

$

766,021

 

Europe(2)

 

 

753,796

 

 

 

714,216

 

 

 

722,977

 

Asia Pacific

 

 

319,984

 

 

 

324,036

 

 

 

318,161

 

Total revenue

 

$

2,097,053

 

 

$

1,933,347

 

 

$

1,807,159

 

 

(1)
Includes revenue in the United States totaling $993.8 million, $864.7 million, and $741.3 million for 2023, 2022 and 2021, respectively.
(2)
Includes revenue in Germany totaling $292.0 million, $318.5 million, and $290.7 million for 2023, 2022 and 2021, respectively.