| Supplemental Financial Information |
/ Annual Contract Value
| (in thousands, except percentages) | Q1 2024 | Q1 2024 in Constant Currency | Q1 2023 | % Change | % Change in Constant Currency | |||||||||
| ACV | $ | 407,405 | $ | 410,433 | $ | 399,407 | 2.0 | % | 2.8 | % | ||||
Recurring ACV includes both subscription lease ACV and all maintenance ACV (including maintenance from perpetual licenses). It excludes perpetual license ACV and service ACV.
/ Revenue
| (in thousands, except percentages) | Q1 2024 | Q1 2024 in Constant Currency | Q1 2023 | % Change | % Change in Constant Currency | |||||||
| Revenue | $ | 466,605 | $ | 470,508 | $ | 509,447 | (8.4)% | (7.6)% | ||||
| REVENUE BY LICENSE TYPE |
| (in thousands, except percentages) | Q1 2024 | % of Total | Q1 2023 | % of Total | % Change | % Change in Constant Currency | |||||||||||
| Subscription Lease | $ | 94,800 | 20.3 | % | $ | 147,922 | 29.0 | % | (35.9)% | (35.5)% | |||||||
| Perpetual | 65,521 | 14.0 | % | 71,230 | 14.0 | % | (8.0)% | (7.7)% | |||||||||
| Maintenance 1 | 289,340 | 62.0 | % | 268,593 | 52.7 | % | 7.7 | % | 8.8 | % | |||||||
| Service | 16,944 | 3.6 | % | 21,702 | 4.3 | % | (21.9)% | (21.3)% | |||||||||
| Total | $ | 466,605 | $ | 509,447 | (8.4)% | (7.6)% | |||||||||||
