1Q 2021 Investor Presentation
ERS
ERS: ~80% Recurring Revenue; Mid-Teens Subscription CAGR
$ Millions
$500
$400
$300
61%
$200
$100
ERS Revenue: Recurring¹ vs. Non-recurring
Recurring Revenue CAGR² = 14%
$0
3
2015
2016
2017
2018
2019
2020
2021
Non-recurring (L)
Recurring (L)
⚫% Recurring
1.
2.
3.
Recurring revenue includes maintenance and subscription.
Compound Annual Growth Rate, 2015 - 2020.
Trailing twelve months ended March 31, 2021.
Moody's | Better decisions
81%
»
ERS recurring revenue has grown by more than
$230 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 1Q 2021:
-
Recurring +12%
Non-recurring -13%
1Q 2021 Investor Presentation 48View entire presentation