Investor Presentaiton
Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amounts)
Revenue
Recurring
One-time services and other
Total revenue
GAAP
$
218,530
$
12,688
231,218
Three Months Ended September 30, 2021
Amortization of
Stock-based
Compensation
Expense
Intangibles from
Business
Combinations
Employee
Severance
$
$
Cost of revenue
Cost of recurring
95,823
(2,997)
(8,209)
|
Cost of one-time services and other
11,858
(1,266)
(386)
(14)
Total cost of revenue
107,681
(4,263)
(8,595)
(14)
Acquisition-related
Integration Costs
Acquisition-related
Expenses
$
$
Restructuring and
Other Real
Estate Activities
$
Security Incident-
related costs,
net of insurance (1)
Non-GAAP
Adjustments
Subtotal
$
Non-GAAP
$
218,530
12,688
231,218
(11,206)
84,617
(1,666)
10,192
(12,872)
94,809
Gross profit
123,537
4,263
8,595
14
12,872
136,409
Recurring gross margin
56.2%
One-time services and other gross margin
6.5 %
Total gross margin
53.4 %
5.1 %
61.3 %
13.2%
19.7 %
5.6%
59.0 %
Operating expenses
Sales, marketing and customer success
44,703
(4,942)
Research and development
31,566
(6,110)
General and administrative
34,733
(13,611)
| | |
(36)
Amortization
Restructuring
Total operating expenses
558
(558)
131
111,691
(24,663)
(558)
13
(18)
(54)
TIETE
(4,942)
39,761
17
(67)
17
ཕྱེ|| | ཕྱེ| |
(6,146)
25,420
551
(851)
(13,979)
20,754
(558)
(131)
(131)
(67)
420
(851)
(25,756)
85,935
11,846
28,926
9,153
68
(17)
67
(420)
851
38,628
50,474
Income from operations
Total operating margin
5.1 %
16.7 %
21.8%
Net Income
$
Shares used in computing diluted earnings per share
Diluted earnings per share
$
6,188
48,274
0.13
$
37,866
48,274
$
0.78
(1) Includes Security Incident -related costs incurred, net of probable insurance recoveries. Recorded expenses consisted primarily of payments to third-party service providers and consultants, including legal fees, as well as settlements of customer claims. Not included in this adjustment were costs associated with enhancements to
our cybersecurity program.
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