Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
area, ARInspect, assistance, ASU, budgeting, buy, classified, conclusion, criteria, Deferral, ExhibitsExhibit, Exploration, FASB, field, forward, granted, grow, indemnified, invitation, Kingston, learning, likelihood, liquidity, machine, offered, portfolio, powered, reimbursed, reinitiated, Resource, ResourceX, return, scale, slower, successful, telephone, Tennessee, Topic, transformative, transparency
Removed:
addressable, arising, book, branding, campground, capitalize, Codification, collection, condemnation, COVID, declined, deduct, deductible, deduction, detailed, disbursement, divided, DSO, eDirect, escrowed, established, estimable, expanding, expedient, experience, final, finalized, financed, headcount, identifiable, indemnification, IRC, issue, justice, low, mandatory, onsite, operated, pandemic, paying, performed, planning, point, policy, potentially, practical, preliminary, quotient, reduction, reinvestment, relief, requirement, reset, scalable, secure, significance, small, streamline, structure, TCJA, temporarily, Title, unconditional
Financial report summary
?Competition
Motorola Solutions • Axon Enterprise • Thomson-Reuters • Constellation Software • Workday Inc - Ordinary Shares • Oracle • PowerSchool Holdings Inc - Ordinary SharesManagement Discussion
- For the twelve months ended December 31, 2023, total revenues increased 5.5% compared to the prior period. Revenues from recent acquisitions comprised $22.3 million or 1.2%, of the increase.
- Subscription revenues grew 14.5% for the twelve months ended December 31, 2023, primarily due to an ongoing shift to SaaS in the mix of new arrangements; an increase in revenues associated with the conversion of on-premises clients to SaaS; and growth in our transaction-based revenues such as e-filing and payments, offset by the absence of COVID pandemic related transaction-based revenue. Subscription revenues from recent acquisitions comprised $18.3 million or 1.8%, of the increase. We monitor and analyze several key performance indicators in order to manage our business and evaluate our financial and operating performance. These indicators include the following:
- Revenues – We derive our revenues from four primary sources: subscription-based arrangements from SaaS and transaction-based fees; maintenance; professional services; and software licenses and royalties. Subscriptions and maintenance are considered recurring revenue sources and comprised approximately 83% of our revenues in 2023. The number of new SaaS clients and the number of existing clients who convert from our traditional software arrangements to our SaaS model are a significant driver of our revenue growth, together with transaction-based revenues and maintenance rate increases. In addition, we also monitor our client base and attrition, which historically is very low. During 2023, based on our number of customers, attrition was approximately 2%.