XML 44 R30.htm IDEA: XBRL DOCUMENT v3.23.1
Operating segments
 12 Months Ended
Dec. 31, 2022
Operating segments [Abstract]  
OPERATING SEGMENTS
Note 22:-operating segments

 

a.The Company reports its results on the basis of two reportable business segments: software services (which include proprietary and none proprietary software technology) and IT professional services.

 

The Company evaluates segment performance based on revenues and operating income of each segment. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies.

 

Headquarters’ general and administrative costs have not been allocated between the different segments.

 

Software services

 

The Company develops markets, sells and supports a proprietary and none proprietary application platform, software applications, business and process integration solutions and related services.

 

IT professional services

 

The Company offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.

 

There are no significant transactions between the two segments.

  

  b. The following is information about reported segment results of operation:

 

   Software
services		   IT
professional
services		   Unallocated
expense		   Total 
2022                
                 
Total revenues  $99,374   $467,418   $
-
   $566,792 
Expenses   72,115    427,446    5,469    505,030 
                     
Operating income (loss)  $27,259   $39,972   $(5,469)  $61,762 
                     
Depreciation and amortization  $10,321   $9,102   $372   $19,795 
                     
2021                    
                     
Total revenues  $95,589   $384,736   $
-
   $480,325 
Expenses   74,863    347,712    5,627    428,202 
                     
Operating income (loss)  $20,726   $37,024   $(5,627)  $52,123 
                     
Depreciation and amortization  $10,619   $8,846   $372   $19,837 

 

c.The Company’s business is divided into the following geographic areas: United States, Israel, Europe, Japan and other regions. Total revenues are attributed to geographic areas based on the location of the customers.

 

The following table presents total revenues classified according to geographical destination for the years ended December 31, 2021 and 2022:

 

   Year ended
December 31,		 
   2021   2022 
United States  $254,342   $308,485 
Israel   180,462    205,258 
Europe   30,085    39,247 
Japan   11,443    10,121 
Other   3,993    3,681 
   $480,325   $566,792 

 

d.The Company’s long-lived assets are located as follows:

 

   January, 1   December 31, 
   2021   2021   2022 
United States  $74,577   $76,369   $82,325 
Israel   129,248    138,071    148,819 
Europe   5,115    4,423    7,885 
Japan   6,428    5,543    4,696 
Other   3,069    2,939    2,905 
   $218,437   $227,345   $246,630 

 

  e. The Company does not allocate its assets or liabilities to its reportable segments; accordingly, asset  or liabilities information by reportable segments is not presented.

 

  f. In 2021 and 2022, the Company had one major customer, included in the IT professional services segment, which accounted for 14% and 15% of the Company revenues, respectively.