Investor Presentaiton
ERS
ERS: 88% Recurring Revenue in 2Q 2021; Mid-Teens Recurring
CAGR
ERS Revenue: Recurring 1 vs. Non-recurring
$ Millions
$600
$500
61%
$400
$300
$200
$100
Recurring Revenue
CAGR² = 14%
$0
2015
2016
2017
Non-recurring (L)
2018
2019
Recurring (L)
1. Recurring revenue includes maintenance and subscription.
2.
Compound Annual Growth Rate, 2015 - 2020.
3.
Trailing twelve months as of June 30, 2021.
Moody's | Better decisions
83%
2020
TTM 2Q213
-% Recurring
>>> ERS recurring revenue has grown by more than
$250 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 2Q 2021:
-
Recurring +13%
-
Non-recurring -23%
» 2Q 2021 recurring revenue 88% of total
2Q 2021 Investor Presentation
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