Growing Where Technology Matters Most
Non-GAAP Reconciliations ($M)
9 Months ended
Reconciliation of GAAP to Non-GAAP Results
Q1-21
Q2-21
Q3-21
Q4-21
Q1-22
Q2-22 Q3-22 Q4-22
Q1-23 Q2-23
Q3-23
2021
2022
2023
GAAP Income from Operations
Stock-based compensation expenses
3.9
8.9
12.4
20.8
16.5
21.9
29.6
41.2
24.5
19.9
32.5
25.1
68.0
76.9
0.8
1.2
1.7
3.3
2.4
2.7
3.2
3.2
3.4
3.1
4.4
3.7
8.4
10.9
Retention and other acquisition-related expenses
Changes in fair value of contingent consideration
1.8
2.2
1.6
3.5
0.6
0.7
0.3
0.1
0.3
0.4
5.5
1.5
0.7
-
-
-
(2.2)
-
-
(3.8)
-
-
14.6
2.0
-
(3.8)
16.6
Amortization of acquired intangible assets
Depreciation
Adjusted EBITDA
1.3
1.4
1.4
2.8
2.8
2.8
3.3
3.0
3.0
3.0
3.0
4.1
8.9
9.0
1.0
0.6
0.6
0.8
0.4
0.4
0.4
0.8
0.4
0.4
0.4
2.2
1.2
1.2
8.8
14.3
17.6
28.9
22.7
28.5
33.0
48.2
31.3
41.2
42.7
40.7
84.1
115.2
GAAP Net Income
Stock-based compensation expenses
3.3
7.1
10.6
17.7
15.5
19.5
25.6
38.7
23.8
21.4
32.8
21.0
60.5
78.0
0.8
1.2
1.7
3.3
2.4
2.7
3.2
3.2
3.4
3.1
4.4
3.7
8.4
10.9
Amortization of acquired intangible assets
1.3
1.4
1.4
2.8
2.8
2.8
3.3
3.0
3.0
3.0
3.0
4.1
8.9
9.0
Retention and other acquisition related expenses
Changes in fair value of contingent consideration
Foreign exchange gains (losses) associated with ASC-842
Revaluation of acquisition-related contingent consideration
Taxes on the above items
1.8
2.2
1.6
3.5
0.6
0.7
0.3
0.1
0.3
0.4
5.5
1.5
0.7
-
(2.2)
(3.8)
-
14.6
2.0
(3.8)
16.6
(0.3)
0.1
0.2
(0.2)
(0.5)
(0.1)
(0.1)
(0.1)
(0.1)
(0.2)
(0.8)
(0.3)
0.2
0.2
0.1
0.3
0.1
0.1
0.3
0.2
0.1
0.1
0.1
0.5
0.6
0.4
(0.1)
0.2
(0.1)
(0.2)
(0.4)
(0.8)
1.1
(0.5)
(0.3)
(0.3)
(0.3)
0.1
(0.1)
(0.9)
Non-GAAP Net Income from continuing operations
7.0
12.3
15.4
25.3
20.7
24.5
29.9
44.7
29.9
42.1
42.4
34.7
75.1
114.4
Non-GAAP diluted earnings per share
0.19
0.33
0.40
0.62
0.44
0.51
0.61
0.90
0.60
0.84
0.84
0.93
1.56
2.28
No. of shares - Diluted (M)
36.1
37.4
38.4
40.6
47.6
47.9
48.9
49.5
49.7
49.9
50.5
37.2
48.1
50.1
Numbers may not add due to rounding
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