| Schedule of Financial Information by Reportable Segment |
In accordance with segment reporting topic of the FASB Codification, we present below certain financial information by reportable segment for the three and six months ended June 30, 2026 and 2025 (in thousands):
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Three Months Ended June 30, |
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2026 |
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2025 |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Americas |
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EMEA |
|
APAC |
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Consolidated |
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Revenue: |
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Cloud subscriptions |
$ |
97,573 |
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$ |
24,321 |
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$ |
4,828 |
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$ |
126,722 |
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$ |
77,281 |
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$ |
19,675 |
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$ |
3,466 |
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$ |
100,422 |
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Software license |
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1,219 |
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|
569 |
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|
135 |
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1,923 |
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|
908 |
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|
327 |
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|
293 |
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|
1,528 |
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Maintenance |
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23,790 |
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4,695 |
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2,038 |
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30,523 |
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27,786 |
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5,071 |
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2,200 |
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35,057 |
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Services |
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99,067 |
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25,658 |
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8,322 |
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133,047 |
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94,167 |
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27,186 |
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7,546 |
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128,899 |
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Hardware |
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5,363 |
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135 |
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81 |
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5,579 |
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6,464 |
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42 |
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9 |
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6,515 |
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Total revenue |
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227,012 |
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55,378 |
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15,404 |
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297,794 |
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206,606 |
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52,301 |
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13,514 |
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272,421 |
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Costs and Expenses: |
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Cost of revenue |
$ |
93,939 |
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$ |
28,804 |
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$ |
6,720 |
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129,463 |
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83,745 |
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26,222 |
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6,248 |
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116,215 |
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Operating expenses |
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84,739 |
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5,868 |
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1,598 |
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92,205 |
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73,457 |
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6,074 |
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1,295 |
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80,826 |
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Depreciation and amortization |
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1,361 |
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238 |
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33 |
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1,632 |
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1,345 |
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198 |
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41 |
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1,584 |
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Restructuring expense |
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5,637 |
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2,346 |
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280 |
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8,263 |
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8 |
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- |
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- |
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8 |
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Total costs and expenses |
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185,676 |
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37,256 |
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8,631 |
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231,563 |
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158,555 |
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32,494 |
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7,584 |
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198,633 |
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Operating income |
$ |
41,336 |
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$ |
18,122 |
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$ |
6,773 |
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$ |
66,231 |
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$ |
48,051 |
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$ |
19,807 |
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$ |
5,930 |
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$ |
73,788 |
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Interest income |
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|
753 |
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|
852 |
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Other income (loss), net |
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230 |
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(137 |
) |
Income before income taxes |
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$ |
67,214 |
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$ |
74,503 |
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Six Months Ended June 30, |
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2026 |
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2025 |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Revenue: |
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Cloud subscriptions |
$ |
187,138 |
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$ |
47,285 |
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$ |
9,422 |
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$ |
243,845 |
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$ |
151,392 |
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$ |
36,882 |
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$ |
6,454 |
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$ |
194,728 |
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Software license |
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2,997 |
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798 |
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362 |
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4,157 |
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2,358 |
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7,863 |
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|
599 |
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10,820 |
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Maintenance |
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47,641 |
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9,266 |
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4,208 |
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61,115 |
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53,701 |
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9,242 |
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4,258 |
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67,201 |
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Services |
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192,397 |
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51,046 |
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15,321 |
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258,764 |
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181,664 |
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53,538 |
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14,824 |
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250,026 |
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Hardware |
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11,389 |
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646 |
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93 |
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12,128 |
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12,106 |
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318 |
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9 |
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12,433 |
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Total revenue |
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441,562 |
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109,041 |
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29,406 |
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580,009 |
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401,221 |
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107,843 |
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26,144 |
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535,208 |
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Costs and Expenses: |
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Cost of revenue |
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186,890 |
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56,128 |
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13,086 |
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256,104 |
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166,547 |
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52,343 |
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11,892 |
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230,782 |
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Operating expenses |
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165,748 |
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12,322 |
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2,939 |
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181,009 |
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147,170 |
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11,599 |
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2,635 |
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161,404 |
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Depreciation and amortization |
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2,946 |
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453 |
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66 |
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3,465 |
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2,654 |
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|
391 |
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80 |
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|
3,125 |
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Restructuring expense |
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5,637 |
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2,346 |
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|
280 |
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8,263 |
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2,937 |
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- |
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- |
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2,937 |
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Total costs and expenses |
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361,221 |
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71,249 |
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16,371 |
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448,841 |
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319,308 |
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64,333 |
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|
14,607 |
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|
398,248 |
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Operating income |
$ |
80,341 |
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$ |
37,792 |
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$ |
13,035 |
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$ |
131,168 |
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$ |
81,913 |
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$ |
43,510 |
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$ |
11,537 |
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$ |
136,960 |
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Interest income |
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1,704 |
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1,953 |
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Other income (loss), net |
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3,616 |
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|
99 |
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Income before income taxes |
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$ |
136,488 |
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$ |
139,012 |
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| 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 June 30, 2026 and December 31, 2025 (in thousands):
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As of June 30, 2026 |
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As of December 31, 2025 |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Goodwill, net |
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$ |
54,766 |
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$ |
5,511 |
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$ |
1,963 |
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$ |
62,240 |
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$ |
54,766 |
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$ |
5,515 |
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$ |
1,963 |
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$ |
62,244 |
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Long lived assets |
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|
103,866 |
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|
12,058 |
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|
2,562 |
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|
118,486 |
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104,217 |
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11,320 |
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2,369 |
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|
117,906 |
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Total assets |
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538,669 |
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132,216 |
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27,761 |
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698,646 |
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696,019 |
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|
116,219 |
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|
27,150 |
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839,388 |
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