(Unaudited)
|
Three Months Ended
March 31, | ||||||||
| (in thousands, except per share data) | 2022 | 2021 | ||||||
| Revenue | ||||||||
| License | $ | 106,169 | $ | 96,395 | ||||
| Maintenance and other services | 34,728 | 33,146 | ||||||
| Total software | 140,897 | 129,541 | ||||||
| Software related services | 9,061 | 8,098 | ||||||
| Total software and related services | 149,958 | 137,639 | ||||||
| Client engineering services | 8,012 | 10,677 | ||||||
| Other | 1,811 | 1,847 | ||||||
| Total revenue | 159,781 | 150,163 | ||||||
| Cost of revenue | ||||||||
| License | 4,687 | 5,395 | ||||||
| Maintenance and other services | 12,719 | 11,555 | ||||||
| Total software * | 17,406 | 16,950 | ||||||
| Software related services | 6,035 | 6,122 | ||||||
| Total software and related services | 23,441 | 23,072 | ||||||
| Client engineering services | 6,641 | 8,888 | ||||||
| Other | 1,521 | 1,462 | ||||||
| Total cost of revenue | 31,603 | 33,422 | ||||||
| Gross profit | 128,178 | 116,741 | ||||||
| Operating expenses: | ||||||||
| Research and development * | 43,094 | 38,276 | ||||||
| Sales and marketing * | 35,682 | 32,070 | ||||||
| General and administrative * | 23,569 | 23,926 | ||||||
| Amortization of intangible assets | 5,903 | 4,877 | ||||||
| Other operating income, net | (781 | ) | (617 | ) | ||||
| Total operating expenses | 107,467 | 98,532 | ||||||
| Operating income | 20,711 | 18,209 | ||||||
| Interest expense | 585 | 2,973 | ||||||
| Other expense, net | 2,068 | 835 | ||||||
| Income before income taxes | 18,058 | 14,401 | ||||||
| Income tax expense | 6,530 | 41 | ||||||
| Net income | $ | 11,528 | $ | 14,360 | ||||
| Income per share: | ||||||||
| Net income per share attributable to common
stockholders, basic | $ | 0.15 | $ | 0.19 | ||||
| Net income per share attributable to common
stockholders, diluted | $ | 0.13 | $ | 0.18 | ||||
| Weighted average shares outstanding: | ||||||||
| Weighted average number of shares used in computing
net income per share, basic | 79,462 | 74,651 | ||||||
| Weighted average number of shares used in computing
net income per share, diluted | 87,261 | 79,295 | ||||||
