Investor Presentaiton
Historical Reconciliations of GAAP and Non-GAAP Organic Revenue Growth (Unaudited)
(dollars in thousands)
GAAP revenue
GAAP revenue growth
Nine months ended
Three months ended
Year ended
Three months ended
09/30/2021
09/30/2020
09/30/2021
06/30/2021
03/31/2021
12/31/2020
12/31/2020
09/30/2020
06/30/2020
03/31/2020
$
679,849
$
670,613
$ 231,218 $ 229,440 $ 219,191
$
913,219 $
242,606 $
215,001 $
231,991 $
223,621
1.4 %
7.5%
(1.1)%
(2.0)%
Add: Non-GAAP acquisition-related revenue (1)
Non-GAAP organic revenue(2)
$
679,849
$
670,613
$
231,218
Non-GAAP organic revenue growth
Non-GAAP organic revenue(2)
Foreign currency impact on NoRGAAP organic revenue (3)
1.4 %
7.5 %
$ 229,440 $
(1.1)%
219,191
$
913,219 $
242,606 $
215,001 $
231,991 $
223,621
(2.0)%
$
679,849 $
670,613
$
231,218 $ 229,440 $
219,191
913,219 $
242,606 $
215,001 $
231,991 $
223,621
(8,392)
(2,049)
(4,390)
(1,953)
Non-GAAP organic revenue on constant currency basis³)
$
671,457 $
670,613
$
229,169 $
225,050
$
217,238 $
913,219
$
242,606 $
215,001 $
231,991 $
223,621
Non-GAAP organic revenue growth on constant currency basis
0.1 %
6.6 %
(3.0)%
(2.9)%
GAAP recurring revenue
GAAP recurring revenue growth
Add: Non-GAAP acquisition-related recurring revenue¹)
Non-GAAP organic recurring revenue
Non-GAAP organic recurring revenue growth
642,266
621,229
218,530
216,986
206,750
850,745
229,516
200,102
216,260
204,867
3.4 %
9.2%
0.3%
0.9%
$
642,266
$
3.4 %
621,229
$
218,530
9.2%
$
216,986 $
0.3 %
206,750
$
850,745
$
229,516 $
200,102 $
216,260 $
204,867
0.9%
(1) Non-GAAP acquisition-related revenue excludes incremental acquisition-related revenue calculated in accordance with GAAP that is attributable to companies acquired in the current fiscal year. For companies acquired in the immediately preceding fiscal year, non-GAAP acquisition-related revenue reflects presentation of full-year
incremental non-GAAP revenue derived from such companies, as if they were combined throughout the prior period, and it includes the non -GAAP revenue from the acquisition-related deferred revenue write -down attributable to those companies.
(2) Non-GAAP organic revenue for the prior year periods presented herein may not agree to non-GAAP organic revenue presented in the respective prior period quarterly financial information solely due to the manner in which non-GAAP organic revenue growth is
calculated.
(3) To determine non -GAAP organic revenue growth on a constant currency basis, revenues from entities reporting in foreign currencies were translated to U.S. Dollars using the comparable period's quarterly weighted average foreign currency exchange rates. The primary foreign currencies creating the impact are the Australian Dollar,
British Pound, Canadian Dollar and EURO.
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