/ Revenue
| (in thousands, except percentages) |
Q3 QTD
2024 |
Q3 QTD 2024 in
Constant Currency |
Q3 QTD
2023 | % Change |
% Change in
Constant Currency | |||||||||
| Revenue | $ | 601,892 | $ | 601,759 | $ | 458,795 | 31.2 | % | 31.2 | % | ||||
| (in thousands, except percentages) |
Q3 YTD
2024 |
Q3 YTD 2024 in
Constant Currency |
Q3 YTD
2023 | % Change |
% Change in
Constant Currency | |||||||||
| Revenue | $ | 1,662,635 | $ | 1,676,211 | $ | 1,464,841 | 13.5 | % | 14.4 | % | ||||
The increase in revenue was driven by strong multi-year lease growth. The Company closed an $88 million contract during the quarter in the high-tech industry in the Americas region, contributing to multi-year lease growth.
| REVENUE BY LICENSE TYPE | |||||||||||||||||
| (in thousands, except percentages) |
Q3 QTD
2024 | % of Total |
Q3 QTD
2023 | % of Total | % Change |
% Change in
Constant Currency | |||||||||||
| Subscription Lease | $ | 194,322 | 32.3 | % | $ | 103,573 | 22.6 | % | 87.6 | % | 87.4 | % | |||||
| Perpetual | 82,626 | 13.7 | % | 58,849 | 12.8 | % | 40.4 | % | 39.9 | % | |||||||
| Maintenance 1 | 306,670 | 51.0 | % | 278,108 | 60.6 | % | 10.3 | % | 10.5 | % | |||||||
| Service | 18,274 | 3.0 | % | 18,265 | 4.0 | % | — | % | (0.3)% | ||||||||
| Total | $ | 601,892 | $ | 458,795 | 31.2 | % | 31.2 | % | |||||||||
| (in thousands, except percentages) |
Q3 YTD
2024 | % of Total |
Q3 YTD
2023 | % of Total | % Change |
% Change in
Constant Currency | |||||||||||
| Subscription Lease | $ | 507,711 | 30.5 | % | $ | 386,494 | 26.4 | % | 31.4 | % | 32.3 | % | |||||
| Perpetual | 212,790 | 12.8 | % | 199,977 | 13.7 | % | 6.4 | % | 6.9 | % | |||||||
| Maintenance 1 | 889,836 | 53.5 | % | 820,393 | 56.0 | % | 8.5 | % | 9.5 | % | |||||||
| Service | 52,298 | 3.1 | % | 57,977 | 4.0 | % | (9.8) % | (9.5)% | |||||||||
| Total | $ | 1,662,635 | $ | 1,464,841 | 13.5 | % | 14.4 | % | |||||||||
