Business Segments

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Business Segments

Business Segments

The following table presents selected financial information by reportable segment:

	Three months ended March 31,
	2023		2022		Change %
Net revenues:
Application Software	$	761.4	$	628.2	21.2	%
Network Software	354.5		338.5		4.7	%
Technology Enabled Products	353.8		313.1		13.0	%
Total	$	1,469.7	$	1,279.8	14.8	%
Gross profit:
Application Software	$	520.5	$	435.4	19.5	%
Network Software	299.4		284.9		5.1	%
Technology Enabled Products	198.7		176.9		12.3	%
Total	$	1,018.6	$	897.2	13.5	%
Operating profit*:
Application Software	$	193.2	$	172.3	12.1	%
Network Software	147.5		136.8		7.8	%
Technology Enabled Products	115.5		99.7		15.8	%
Total	$	456.2	$	408.8	11.6	%
Long-lived assets:
Application Software	$	153.3	$	135.8	12.9	%
Network Software	30.7		26.2		17.2	%
Technology Enabled Products	29.2		27.0		8.1	%
Total	$	213.2	$	189.0	12.8	%

 

*Segment operating profit is before unallocated corporate general and administrative and enterprise-wide stock-based compensation expenses. These expenses were $55.2 and $52.9 for the three months ended March 31, 2023 and 2022, respectively.