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New words:
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Removed:
abandon, accepting, accurate, accurately, achievement, active, adequately, administered, administration, agency, aggravating, allocating, allocation, alternative, altogether, anticipate, apparent, application, approach, approximate, arising, assumed, attempt, August, authorizing, average, Belgium, BIS, borrowing, breadth, bribery, budgetary, budgeting, building, Bureau, calculating, cancellation, capable, carrying, categorization, cautionary, centralized, chronic, civil, Clarabridge, closely, Codification, coding, collected, combining, commencement, commensurate, Commerce, commitment, competition, complexity, component, compounded, computed, conclusion, conflict, connected, considerable, consolidation, consumer, continually, conversational, converting, corroborated, Corrupt, covering, criminal, culturally, cumulative, custom, customized, declared, deductible, deemed, deepen, deficit, Denmark, deterioration, determine, determining, develop, developing, digital, digitally, dilutive, Diplomatic, discrete, disease, dispute, distance, distribute, dividend, dividing, double, duration, EAR, easier, efficient, effort, email, embargoed, emerging, employment, enacted, encryption, enforcement, evaluating, exceeded, exchanged, excluded, expensed, experienced, experiencing, export, exported, external, factor, fail, fall, final, finalization, flexibility, fluctuated, forecast, found, fourth, France, free, frequency, functional, geoblocking, geographic, geopolitical, Germany, goodwill, guidance, harmed, headquartered, health, higher, home, Hong, identical, impacting, impair, import, imposed, imposing, improper, inactive, increasingly, influence, influenced, input, intend, intended, Italy, Japan, July, jurisdiction, Kong, Korea, largely, legislation, length, lengthening, letter, licensing, life, limit, listed, local, lowest, macroeconomic, maintaining, maintenance, Malaysia, managing, maximum, measuring, mentioned, minimum, monetary, monitor, Move, national, natural, navigate, negatively, NOL, notified, November, observable, occurring, OFAC, omnichannel, optimizing, orchestration, orderly, participant, performed, permitting, point, policy, political, practical, preliminary, presence, pressure, priority, prohibit, prolonged, promissory, proportion, put, quoted, reached, ready, receptive, recovered, recruit, recruiting, reducing, regional, regular, regulate, reimbursement, relaxing, relied, remitted, Reorganization, repatriating, reputational, reserved, respond, Reston, retaining, ROU, Russia, safety, sanction, sanctioned, scope, screening, sell, semi, Serbia, setting, situation, slowdown, South, Spain, stage, step, structure, submitting, substantive, Summary, supplemented, supply, supporting, sustained, Sweden, Switzerland, talented, tangible, targeted, tariff, task, taxation, taxing, technological, temporary, terrorist, tied, top, trade, transact, transfer, transferred, transformation, translated, translation, travel, Ukraine, ultimate, underlying, unlawful, unobservable, unrealized, unrest, unsolicited, upgrading, Usermind, utilization, utilizing, vaccine, validity, vary, varying, verification, vesting, violating, violation, violence, Virginia, virtualization, Voluntary, warning, weight, whichever, world
Financial report summary
?Risks
- The Merger, the pendency of the Merger or our failure to complete the Merger could have a material adverse effect on our business, results of operations, financial condition and stock price.
- While the Merger Agreement is in effect, we are subject to restrictions on our business activities.
- Adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults, or non-performance by financial institutions or transactional counterparties, could adversely affect the Company’s current and projected business operations and its financial condition and results of operations.
Management Discussion
- Subscription revenue increased by $59.0 million, or 21%, for the three months ended March 31, 2023, as compared to the three months ended March 31, 2022. This increase was due to increased demand for our solutions from new and existing customers. Of the increase in subscription revenue for the three months ended March 31, 2023, as compared to the three months ended March 31, 2022, approximately $35.6 million was attributable to existing customers and approximately $23.4 million was attributable to new customers. The increase in revenue from existing customers was driven by upgrades of current subscription solutions and the purchase of additional solutions within our XM Platform. Pricing changes were not material to the increase in revenue. Professional services and other revenue increased $15.1 million, or 28%, for the three months ended March 31, 2023, as compared to the three months ended March 31, 2022. This increase was primarily due to an increase in revenue from larger customers, who generally require more services.