| Segment Reporting |
The following tables present segment revenues, significant segment costs and expenses and Adjusted EBITDA and reconciliations from Adjusted EBITDA to Net income, as well as from Adjusted EBITDA to Income before income taxes for the periods presented: | | | | | | | | | | | | | Three Months Ended September 30, | | 2026 | | 2025 | | Segment revenues | | | | | Cloud services and subscriptions | $ | 505,469 | | | $ | 484,509 | | | Client support | 534,111 | | | 586,845 | | | License | 123,847 | | | 134,548 | | | Professional service and other | 73,207 | | | 82,233 | | | Total revenues | 1,236,634 | | | 1,288,135 | | | Significant segment costs and expenses | | | | Adjusted Cost of revenues (1) | 285,102 | | | 303,114 | | Adjusted Research and development (2) | 138,493 | | | 165,519 | | Adjusted Sales (2) | 217,389 | | | 203,481 | | Adjusted Marketing (2) | 53,327 | | | 46,678 | | Adjusted General and administrative (2) | 99,838 | | | 101,888 | | Less: | | | | Net income attributable to non-controlling interests | 53 | | | 44 | | Adjusted EBITDA | $ | 442,432 | | | $ | 467,411 | | | Add: | | | | Net income attributable to non-controlling interests | 53 | | | 44 | | | Less: | | | | | Depreciation | 39,802 | | | 35,921 | | | Provision for income taxes | 43,683 | | | 39,199 | | Other segment items (3) | 203,700 | | | 245,675 | | Net income | $ | 155,300 | | | $ | 146,660 | |
______________________ (1)Adjusted cost of revenues excludes Amortization of acquired technology-based intangible assets and share-based compensation expense. (2)Adjusted operating expenses exclude share-based compensation expense. (3)Other segment items include Interest and other related expense, net, Amortization of acquired technology-based intangible assets, Amortization of acquired client-based intangible assets, share-based compensation expense, Special charges (recoveries), and Other income (expense), net. | | | | | | | | | | | | | Three Months Ended September 30, | | 2026 | | 2025 | | Adjusted EBITDA | $ | 442,432 | | | $ | 467,411 | | | Add: | | | | Net income attributable to non-controlling interests | 53 | | | 44 | | | Less: | | | | | Depreciation | 39,802 | | | 35,921 | | | Interest and other related expense, net | 67,938 | | | 81,114 | | | Amortization of acquired technology-based intangible assets | 42,810 | | | 44,204 | | | Amortization of acquired client-based intangible assets | 56,078 | | | 79,561 | | | Share-based compensation | 19,694 | | | 17,681 | | Special charges (recoveries) | 33,290 | | | 20,139 | | | Other (income) expense, net | (16,110) | | | 2,976 | | Income before income taxes | $ | 198,983 | | | $ | 185,859 | |
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