v3.25.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 408 $ 436 $ 826 $ 901
Cost of revenue        
Total cost of revenue 178 171 348 352
Gross profit 230 265 478 549
Operating expenses        
Selling, general and administrative expenses 135 131 251 292
Research and development expenses 71 68 137 143
Total operating expenses 206 199 388 435
Income from operations 24 66 90 114
Other expense, net        
Interest expense (6) (7) (13) (15)
Interest income 2 2 5 6
Other expense (7) (6) (11) (18)
Total other expense, net (11) (11) (19) (27)
Income before income taxes 13 55 71 87
Income tax expense 4 18 18 30
Net income $ 9 $ 37 $ 53 $ 57
Net income per common share        
Basic (in dollars per share) $ 0.09 $ 0.38 $ 0.56 $ 0.59
Diluted (in dollars per share) $ 0.09 $ 0.38 $ 0.55 $ 0.58
Weighted average common shares outstanding        
Basic (in shares) 95.3 96.5 95.2 97.0
Diluted (in shares) 96.0 97.4 97.0 98.9
Total recurring        
Revenue        
Total revenue $ 354 $ 368 $ 712 $ 756
Cost of revenue        
Total cost of revenue 119 110 227 222
Subscription software licenses        
Revenue        
Total revenue 65 73 148 163
Cost of revenue        
Total cost of revenue 5 5 10 10
Services and other        
Revenue        
Total revenue 289 295 564 593
Cost of revenue        
Total cost of revenue 114 105 217 212
Perpetual software licenses, hardware and other        
Revenue        
Total revenue 3 5 13 13
Cost of revenue        
Total cost of revenue 3 5 12 13
Consulting services        
Revenue        
Total revenue 51 63 101 132
Cost of revenue        
Total cost of revenue $ 56 $ 56 $ 109 $ 117