3Q 2021 Investor Presentation
ERS
ERS: 90% Recurring Revenue in 3Q 2021; Mid-Teens Recurring
CAGR
$600
ERS Revenue: Recurring¹ vs. Non-recurring
Recurring Revenue
CAGR² = 14%
86%
$ Millions
$500
$400
61%
$300
$200
$100
>>> ERS recurring revenue has grown by more than
$270 million since 2015
» Emphasis on subscription products supports
scalability, drives operating leverage and margin
>>>
Ease of use and lower cost of ownership shifting
customer demand to SaaS-based solutions
» Next-gen products enhance customer
experience, improve adoption rates and shorten
sales cycles
» TTM³ revenue as of 3Q 2021:
-
Recurring +17%
$0
T
T
2015
2016
2017
2018
2019
2020
TTM 3Q21³
Non-recurring (L)
Recurring (L)
-% Recurring
1.
2.
Recurring revenue includes maintenance and subscription.
Compound Annual Growth Rate, 2015 - 2020.
-
Non-recurring -36%
» 3Q 2021 recurring revenue comprises 90% of
total
3. Trailing twelve months as of September 30, 2021. Includes RMS revenue since September 15, 2021. All other periods prior to September 15, 2021 exclude RMS revenue.
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3Q 2021 Investor Presentation 47View entire presentation