XML 45 R34.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information and Revenue from Significant Customers
 12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information and Revenue from Significant Customers

Note 22 — Segment Information and Revenue from Significant Customers

 

The Company manages its operations as one operating segment, providing software products and services primarily for the communications, and media industry service providers. The Company’s Chief Operating Decision Maker (“CODM”) is the Company’s Chief Executive Officer. The CODM evaluates the operating results of the Company on a consolidated net income basis. Refer to the consolidated statements of income. The financial information is used by the CODM for purposes of making operating decisions, allocating resources and assessing performance. The Company’s significant segment expenses, which are the expenses included in the operating income, and other segment items, which includes interest and other expense, net and income taxes, are included in the consolidated statements of income. Segment assets provided to the CODM include accounts receivable billed, current and non-current accounts receivable unbilled and current and non-current deferred revenue.

Geographic Information

The following is a summary of revenue and long-lived assets by geographic area. Revenue is attributed to geographic region based on the location of the customers.

 

 

Year Ended September 30,

 

 

2025 (*)

 

 

2024

 

 

2023

 

Revenue

 

 

 

 

 

 

 

 

 

North America (mainly United States)

 

$

2,983,553

 

 

$

3,325,967

 

 

$

3,306,988

 

Europe

 

 

705,107

 

 

 

726,226

 

 

 

703,141

 

Rest of the world

 

 

844,253

 

 

 

952,796

 

 

 

877,421

 

Total

 

$

4,532,913

 

 

$

5,004,989

 

 

$

4,887,550

 

 

 

 

As of September 30,

 

 

2025

 

 

2024

 

Long-lived Assets(1)

 

 

 

 

 

 

Europe

 

$

96,544

 

 

$

104,153

 

North America

 

 

58,807

 

 

 

72,362

 

Rest of the world:

 

 

 

 

 

 

Israel

 

 

524,584

 

 

 

508,328

 

India

 

 

79,910

 

 

 

59,589

 

Others

 

 

8,712

 

 

 

11,169

 

Total

 

$

768,557

 

 

$

755,601

 

 

(1)
Property and equipment, net.

 

Revenue by nature of activities

 

 

Year Ended September 30,

 

 

2025 (*)

 

 

2024

 

 

2023

 

Managed services arrangements

 

$

2,995,763

 

 

$

2,904,924

 

 

$

2,856,621

 

Others

 

 

1,537,150

 

 

 

2,100,065

 

 

 

2,030,929

 

Total

 

$

4,532,913

 

 

$

5,004,989

 

 

$

4,887,550

 

 

Revenue from Significant Customers

The following table summarizes the percentage of revenue from significant customer groups which accounted for at least ten percent of its total revenue in each of fiscal years 2025, 2024 and 2023.

 

 

Year Ended September 30,

 

 

2025

 

 

2024

 

 

2023

 

Revenue

 

 

 

 

 

 

 

 

 

Customer 1 (*)

 

 

25.9

%

 

 

24.5

%

 

 

23.8

%

Customer 2 (*)

 

 

19.9

%

 

 

22.6

%

 

 

23.1

%

 

*During the first quarter of fiscal year 2025, the Company phased out several low-margin, non-core business activities, which were included in fiscal year 2024, for more details see ‘Item 5. Operating and Financial Review and Prospects’. Excluding the phase out, the percentage of revenue of customer 1 and customer 2 for fiscal year 2025 remained roughly stable as compared to fiscal year 2024.