Professional Documents
Culture Documents
60%
75%
40%
25%
90%
Subscription as % of License
Subscription Renewal Rate
PSO as % of Subscription
PSO Conversion
40%
95%
65%
80%
For simplicity, all bookings assumed to take place in last day of quarter
PSO revenue is delayed by one quarter from time of bookings
YR
Perpetual Business Model
Bookings
License Bookings
Prepaid Maintainance Bookings
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
1Q14
2Q14
25.0
6.3
35.0
8.8
45.0
11.3
60.0
15.0
35.0
8.8
49.0
12.3
63.0
15.8
84.0
21.0
49.0
12.3
68.6
17.2
88.2
22.1
117.6
29.4
68.6
17.2
96.0
24.0
123.5
30.9
164.6
41.2
165.0
41.3
5.6
5.6
7.9
7.9
10.1
10.1
13.5
13.5
5.1
7.9
12.9
7.1
11.0
18.1
9.1
14.2
23.3
12.2
18.9
31.1
4.6
7.1
11.0
22.7
6.4
9.9
15.4
31.7
8.2
12.8
19.8
40.8
10.9
17.0
26.5
54.4
4Q14
2011
2012
54%
14%
231.0
57.8
0%
37.1
37.1
2013
50%
12%
323.4
80.9
8%
33.4
52.0
85.4
2014
47%
12%
452.8
113.2
46%
11%
12%
30.1
46.8
72.8
149.6
15%
6.3
8.8
11.3
15.0
14.4
20.1
25.9
34.5
25.2
35.3
45.3
60.5
39.8
55.7
71.7
95.6
41.3
PSO
Total Monthly Bookings
15.0
46.3
21.0
64.8
27.0
83.3
36.0
111.0
21.0
70.4
29.4
98.5
37.8
126.7
50.4
168.9
29.4
103.6
41.2
145.0
52.9
186.5
70.6
248.6
41.2
149.6
57.6
209.4
74.1
269.2
98.8
359.0
99.0
305.3
32%
100%
138.6
464.5
30%
100%
194.0
683.7
28%
100%
271.7
987.2
28%
100%
Revenue
License Revenue
Maintenance
PSO
Total Monthly Revenue
Growth
25.0
25.0
35.0
1.6
11.3
47.8
45.0
3.8
15.8
64.5
60.0
6.6
20.3
86.8
35.0
10.3
27.0
72.3
189%
49.0
12.3
15.8
77.1
61%
63.0
15.2
22.1
100.2
55%
84.0
18.8
28.4
131.2
51%
49.0
23.7
37.8
110.5
53%
68.6
26.4
22.1
117.1
52%
88.2
30.2
30.9
149.3
49%
117.6
35.1
39.7
192.4
47%
68.6
41.6
52.9
163.1
48%
96.0
45.2
30.9
172.1
47%
123.5
50.3
43.2
217.0
45%
164.6
56.9
55.6
277.1
44%
165.0
11.9
47.3
224.1
74%
5%
21%
100%
231.0
56.7
93.2
380.8
70%
61%
15%
24%
100%
323.4
115.4
130.4
569.2
49%
57%
20%
23%
100%
452.8
194.0
182.6
829.4
46%
55%
23%
22%
100%
10.0
14.0
18.0
24.0
14.0
19.6
25.2
33.6
19.6
27.4
35.3
47.0
27.4
38.4
49.4
65.9
66.0
61%
92.4
43%
129.4
36%
181.1
32%
9.5
9.5
13.3
13.3
17.1
17.1
22.8
22.8
9.0
13.3
22.3
12.6
18.6
31.3
16.2
23.9
40.2
21.7
31.9
53.6
8.6
12.6
18.6
39.8
12.0
17.7
26.1
55.8
15.4
22.7
33.5
71.7
20.6
30.3
44.7
95.6
0%
0%
0%
0%
62.7
62.7
29%
0%
0%
29%
59.6
87.8
147.3
17%
24%
0%
41%
56.6
83.4
122.9
262.9
10%
15%
22%
47%
Y1 Subscription Renewals
Y2 Subscription Renewals
Y3 Subscription Renewals
Subtotal Renewals
PSO
Total Monthly Bookings
Revenue
New Monthly Subscriptions
Subscription Renewals
PSO
Total Monthly Revenue
Growth
6.5
16.5
3Q14
SaaS BusinessModel
Bookings
New Monthly Subscriptions
4Q13
94.9
166.2
262.8
9.1
23.1
11.7
29.7
15.6
39.6
9.1
32.6
12.7
45.6
16.4
58.7
21.8
78.2
12.7
54.7
17.8
76.5
22.9
98.4
30.6
131.2
17.8
85.1
25.0
119.1
32.1
153.2
42.8
204.3
42.9
108.9
39%
100%
60.1
215.2
28%
100%
84.1
360.8
23%
100%
117.7
561.7
21%
100%
2.5
5.2
7.7
6.0
7.3
13.3
10.5
9.4
19.9
16.5
12.5
29.0
17.5
2.4
7.3
27.2
253%
18.9
5.7
10.2
34.8
162%
20.7
10.0
13.1
43.8
120%
23.1
15.7
17.5
56.2
94%
24.5
18.9
10.2
53.6
97%
26.5
23.4
14.3
64.1
84%
29.0
29.1
18.3
76.5
75%
32.3
36.8
24.5
93.6
66%
34.3
41.2
14.3
89.8
68%
37.0
47.3
20.0
104.4
63%
40.6
55.2
25.7
121.5
59%
19.0
21.8
40.8
47%
0%
53%
100%
73.6
18.1
43.1
134.7
230%
55%
13%
32%
100%
103.0
87.1
60.3
250.4
86%
41%
35%
24%
100%
144.3
180.6
84.4
409.2
63%
35%
44%
21%
100%