v3.23.2
Revenues, net (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Contracts with Customer, Receivables, Liabilities and Revenue Recognized
The following table provides information about accounts receivable, contract assets and contract liabilities from contracts with customers:
As of
June 30, 2023December 31, 2022
Accounts receivable, net$288,305 $259,222 
Contract assets$7,632 $2,768 
Contract liabilities:
Deferred revenue (consideration received in advance)$18,909 $17,079 
Consideration received for process transition activities$9,122 $5,423 
Revenue recognized during the three and six months ended June 30, 2023 and 2022, which was included in the contract liabilities balance at the beginning of the respective periods:

Three months ended June 30,Six months ended June 30,
2023202220232022
Deferred revenue (consideration received in advance)$2,990 $4,306 $15,992 $13,870 
Consideration received for process transition activities$305 $298 $1,008 $664 
Contract Acquisition and Fulfillment Costs
The following table provides details of the Company’s contract acquisition and fulfillment costs:
Contract Acquisition Costs
Three months endedSix months endedYear ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022December 31, 2022
Opening Balance$1,994 $927 $1,095 $511 $511 
Additions397 180 1,476 727 1,014 
Amortization(208)(124)(388)(255)(430)
Closing Balance$2,183 $983 $2,183 $983 $1,095 

Contract Fulfillment Costs
Three months endedSix months endedYear ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022December 31, 2022
Opening Balance$17,873 $7,435 $13,871 $5,795 $5,795 
Additions4,225 3,308 8,843 5,485 15,509 
Amortization(653)(576)(1,269)(1,113)(7,433)
Closing Balance$21,445 $10,167 $21,445 $10,167 $13,871 
Movement in Allowance for Expected Credit Loss
As of
June 30, 2023December 31, 2022
Accounts receivable, including unbilled receivables$290,105 $260,554 
Less: Allowance for expected credit losses(1,800)(1,332)
Accounts receivable, net$288,305 $259,222 
The movement in “Allowance for expected credit losses” on customer balances was as follows:

Three months endedSix months endedYear ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022December 31, 2022
Opening Balance$1,671 $588 $1,332 $573 $573 
Additions134 571 477 743 815 
Reductions due to write-off of Accounts Receivables(5)(314)(8)(472)(60)
Currency translation adjustments— (1)(1)— 4 
Closing Balance$1,800 $844 $1,800 $844 $1,332