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Reportable Segments
 12 Months Ended
Dec. 31, 2024
Reportable Segments [Abstract]  
Reportable segments

Note 22:- Reportable segments

 

a. The Company reports its results on the basis of two reportable business segments: software solutions (which include proprietary and non-proprietary software technology) and IT professional services. The Company’s chief operating decision maker is the Chief Executive Officer who makes operating decisions, assesses performance and allocates resources on a consolidated basis.

 

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

 

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

 

Software solutions

 

The Company develops, markets, sells and supports both proprietary and non-proprietary application platforms, 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 reportable segment results of operation:

 

   Software
solutions		   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 
                     
2023                    
                     
Total revenues  $92,906   $442,146   $
-
   $535,052 
Expenses   71,863    400,949    5,132    477,944 
                     
Operating income (loss)  $21,043   $41,197   $(5,132)  $57,108 
                     
Depreciation and amortization  $9,717   $10,432   $404   $20,553 
                     
2024                    
                     
Total revenues  $94,903   $457,617   $
-
   $552,520 
Expenses   69,268    417,746    4,269    491,283 
                     
Operating income (loss)  $25,635   $39,871   $(4,269)  $61,237 
                     
Depreciation and amortization  $8,204   $11,368   $1,190   $20,762 
c. The Company’s business is conducted in 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 2022, 2023 and 2024:

 

   Year ended December 31, 
   2022   2023   2024 
United States  $308,485   $250,842   $229,076 
Israel   205,258    214,129    244,520 
Europe   39,247    55,180    62,409 
Japan   10,121    10,847    12,673 
Other   3,681    4,054    3,842 
                
 Total revenues  $566,792   $535,052   $552,520 

 

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

 

   December 31, 
   2022   2023   2024 
United States  $82,325   $77,120   $83,733 
Israel   148,819    158,144    151,591 
Europe   7,885    7,596    6,786 
Japan   4,696    4,222    4,664 
Other   2,905    3,347    3,202 
                
   $246,630   $250,429   $249,976 

  

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 2023 and 2024, the Company had one major customer, included in the IT professional services segment, which accounted for 11.2% and 8.4% of the Company revenues, respectively.