XML 47 R31.htm IDEA: XBRL DOCUMENT
v3.23.1

REVENUES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenues | The following tables present the disaggregation of the Company’s revenues by customer location, including a reconciliation of the disaggregated revenues with the reportable segments (Note 14 “Segment Information”) for the periods indicated:
| Three Months Ended March 31, 2023
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Customer Locations |  |  |  |  |  |  |
Americas | $ | 683,553 |  |  | $ | 25,954 |  |  | $ | 295 |  |  | $ | 709,802 |
EMEA | 25,372 |  |  | 438,565 |  |  | — |  |  | 463,937 |
APAC | 726 |  |  | 26,084 |  |  | — |  |  | 26,810 |
CEE | 306 |  |  | 2,544 |  |  | 7,542 |  |  | 10,392 |
Revenues | $ | 709,957 |  |  | $ | 493,147 |  |  | $ | 7,837 |  |  | $ | 1,210,941 |
| Three Months Ended March 31, 2022
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Customer Locations |  |  |  |  |  |  |
Americas | $ | 659,776 |  |  | $ | 25,960 |  |  | $ | 1,057 |  |  | $ | 686,793 |
EMEA | 25,098 |  |  | 396,753 |  |  | 99 |  |  | 421,950 |
APAC | 783 |  |  | 28,799 |  |  | — |  |  | 29,582 |
CEE | 2,054 |  |  | 458 |  |  | 30,777 |  |  | 33,289 |
Revenues | $ | 687,711 |  |  | $ | 451,970 |  |  | $ | 31,933 |  |  | $ | 1,171,614 |
The following tables present the disaggregation of the Company’s revenues by industry vertical, including a reconciliation of the disaggregated revenues with the reportable segments (Note 14 “Segment Information”) for the periods indicated:
| Three Months Ended March 31, 2023
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Industry Verticals |  |  |  |  |  |  |
Travel & Consumer | $ | 123,659 |  |  | $ | 153,055 |  |  | $ | 1,646 |  |  | $ | 278,360 |
Financial Services | 143,850 |  |  | 123,608 |  |  | 3,207 |  |  | 270,665 |
Business Information & Media | 116,158 |  |  | 86,108 |  |  | 114 |  |  | 202,380 |
Software & Hi-Tech | 149,798 |  |  | 38,682 |  |  | 711 |  |  | 189,191 |
Life Sciences & Healthcare | 96,597 |  |  | 14,526 |  |  | 135 |  |  | 111,258 |
Emerging Verticals | 79,895 |  |  | 77,168 |  |  | 2,024 |  |  | 159,087 |
Revenues | $ | 709,957 |  |  | $ | 493,147 |  |  | $ | 7,837 |  |  | $ | 1,210,941 |
| Three Months Ended March 31, 2022
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Industry Verticals |  |  |  |  |  |  |
Travel & Consumer | $ | 122,247 |  |  | $ | 136,788 |  |  | $ | 6,284 |  |  | $ | 265,319 |
Financial Services | 120,335 |  |  | 117,330 |  |  | 22,398 |  |  | 260,063 |
Business Information & Media | 110,946 |  |  | 82,901 |  |  | 456 |  |  | 194,303 |
Software & Hi-Tech | 156,282 |  |  | 32,454 |  |  | 747 |  |  | 189,483 |
Life Sciences & Healthcare | 111,371 |  |  | 12,282 |  |  | 150 |  |  | 123,803 |
Emerging Verticals | 66,530 |  |  | 70,215 |  |  | 1,898 |  |  | 138,643 |
Revenues | $ | 687,711 |  |  | $ | 451,970 |  |  | $ | 31,933 |  |  | $ | 1,171,614 |
The following tables present the disaggregation of the Company’s revenues by contract type including a reconciliation of the disaggregated revenues with the Company’s reportable segments (Note 14 “Segment Information”) for the periods indicated:
| Three Months Ended March 31, 2023
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Contract Types |  |  |  |  |  |  |
Time-and-material | $ | 644,628 |  |  | $ | 425,598 |  |  | $ | 4,753 |  |  | $ | 1,074,979 |
Fixed-price | 61,231 |  |  | 66,203 |  |  | 3,071 |  |  | 130,505 |
Licensing and other revenues | 4,098 |  |  | 1,346 |  |  | 13 |  |  | 5,457 |
Revenues | $ | 709,957 |  |  | $ | 493,147 |  |  | $ | 7,837 |  |  | $ | 1,210,941 |
| Three Months Ended March 31, 2022
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Contract Types |  |  |  |  |  |  |
Time-and-material | $ | 626,807 |  |  | $ | 377,655 |  |  | $ | 18,691 |  |  | $ | 1,023,153 |
Fixed-price | 56,765 |  |  | 73,608 |  |  | 13,190 |  |  | 143,563 |
Licensing and other revenues | 4,139 |  |  | 707 |  |  | 52 |  |  | 4,898 |
Revenues | $ | 687,711 |  |  | $ | 451,970 |  |  | $ | 31,933 |  |  | $ | 1,171,614 |
Timing of Revenue Recognition The following tables present the timing of revenue recognition reconciled with the Company’s reportable segments (Note 14 “Segment Information”) for the periods indicated:
| Three Months Ended March 31, 2023
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Timing of Revenue Recognition |  |  |  |  |  |  |
Transferred over time | $ | 707,034 |  |  | $ | 492,397 |  |  | $ | 7,824 |  |  | $ | 1,207,255 |
Transferred at a point of time | 2,923 |  |  | 750 |  |  | 13 |  |  | 3,686 |
Revenues | $ | 709,957 |  |  | $ | 493,147 |  |  | $ | 7,837 |  |  | $ | 1,210,941 |
| Three Months Ended March 31, 2022
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Timing of Revenue Recognition |  |  |  |  |  |  |
Transferred over time | $ | 685,109 |  |  | $ | 451,848 |  |  | $ | 31,891 |  |  | $ | 1,168,848 |
Transferred at a point of time | 2,602 |  |  | 122 |  |  | 42 |  |  | 2,766 |
Revenues | $ | 687,711 |  |  | $ | 451,970 |  |  | $ | 31,933 |  |  | $ | 1,171,614 |
Schedule of Revenue Expected to be Recognized in Future Related to Remaining Performance Obligations | The following table includes the estimated revenues expected to be recognized in the future related to performance obligations that are partially or fully unsatisfied as of March 31, 2023. The Company applies a practical expedient and does not disclose the value of unsatisfied performance obligations for contracts (i) that have an original expected duration of one year or less and (ii) for which it recognizes revenues at the amount to which it has the right to invoice for services provided.
| Less than 1 year |  | 1 Year |  | 2 Years |  | 3 Years |  | Total
Contract Type |  |  |  |  |  |  |  |  |
Fixed-price | $ | 12,353 |  |  | $ | 3,124 |  |  | $ | 2,564 |  |  | $ | — |  |  | $ | 18,041 |
Schedule of Contract Balances | The following table provides information on the classification of contract assets and liabilities in the condensed consolidated balance sheets:
| As of March 31, 2023 |  | As of December 31, 2022
Contract assets included in Trade receivables and contract assets, net | $ | 22,524 |  |  | $ | 11,490 |
Contract liabilities included in Accrued expenses and other current liabilities | $ | 35,598 |  |  | $ | 36,036 |
Contract liabilities included in Other noncurrent liabilities | $ | 319 |  |  | $ | 42 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration