v3.24.3
REVENUES (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenues
The following tables present the disaggregation of the Company’s revenues by client location, including a reconciliation of the disaggregated revenues with the reportable segments (Note 16 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Client Locations
Americas$669,582 $27,585 $697,167 
EMEA(1)
34,679 410,188 444,867 
APAC352 25,141 25,493 
CEE(1)
— — — 
Revenues$704,613 $462,914 $1,167,527 
Nine Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Client Locations
Americas$2,002,942 $78,344 $2,081,286 
EMEA(1)
103,220 1,222,215 1,325,435 
APAC1,809 71,059 72,868 
CEE(1)
— — — 
Revenues$2,107,971 $1,371,618 $3,479,589 
(1)As a result of the Company’s exit from Russia and sale of the Company’s remaining holdings in Russia to a third-party on July 26, 2023, revenues from the CEE region are no longer material. Starting in 2024, revenues from the CEE region are included in the EMEA region.
Three Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Client Locations
Americas$654,717 $22,693 $— $677,410 
EMEA29,251 416,986 — 446,237 
APAC786 24,265 — 25,051 
CEE24 1,869 1,545 3,438 
Revenues$684,778 $465,813 $1,545 $1,152,136 
Nine Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Client Locations
Americas$1,991,871 $73,797 $631 $2,066,299 
EMEA80,252 1,289,007 — 1,369,259 
APAC2,161 73,919 — 76,080 
CEE522 5,679 15,444 21,645 
Revenues$2,074,806 $1,442,402 $16,075 $3,533,283 
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 16 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Industry Verticals
Consumer Goods, Retail & Travel(1)
$107,866 $143,259 $251,125 
Financial Services129,339 125,296 254,635 
Software & Hi-Tech131,145 46,928 178,073 
Business Information & Media115,121 52,273 167,394 
Life Sciences & Healthcare120,659 21,675 142,334 
Emerging Verticals100,483 73,483 173,966 
Revenues$704,613 $462,914 $1,167,527 
Nine Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Industry Verticals
Consumer Goods, Retail & Travel(1)
$339,556 $423,026 $762,582 
Financial Services377,000 364,740 741,740 
Software & Hi-Tech392,600 127,727 520,327 
Business Information & Media332,602 170,872 503,474 
Life Sciences & Healthcare362,983 59,644 422,627 
Emerging Verticals303,230 225,609 528,839 
Revenues$2,107,971 $1,371,618 $3,479,589 
Three Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Industry Verticals
Consumer Goods, Retail & Travel(1)
$115,778 $146,837 $342 $262,957 
Financial Services131,499 114,122 814 246,435 
Software & Hi-Tech136,520 37,545 281 174,346 
Business Information & Media104,863 78,983 15 183,861 
Life Sciences & Healthcare109,137 15,143 (36)124,244 
Emerging Verticals86,981 73,183 129 160,293 
Revenues$684,778 $465,813 $1,545 $1,152,136 
Nine Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Industry Verticals
Consumer Goods, Retail & Travel(1)
$359,475 $451,531 $3,770 $814,776 
Financial Services410,527 358,091 7,450 776,068 
Software & Hi-Tech422,073 115,137 1,545 538,755 
Business Information & Media327,378 248,351 196 575,925 
Life Sciences & Healthcare305,700 44,123 120 349,943 
Emerging Verticals249,653 225,169 2,994 477,816 
Revenues$2,074,806 $1,442,402 $16,075 $3,533,283 
(1) The Company renamed the Travel & Consumer vertical to Consumer Goods, Retail & Travel to better reflect the mix of clients included in this vertical. This constitutes a naming change only and no changes were made to amounts reported.
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 16 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Contract Types
Time-and-material$596,111 $372,056 $968,167 
Fixed-price102,239 89,276 191,515 
Licensing and other revenues6,263 1,582 7,845 
Revenues$704,613 $462,914 $1,167,527 
Nine Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Contract Types
Time-and-material$1,793,852 $1,099,462 $2,893,314 
Fixed-price296,602 266,888 563,490 
Licensing and other revenues17,517 5,268 22,785 
Revenues$2,107,971 $1,371,618 $3,479,589 
Three Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Contract Types
Time-and-material$602,765 $391,479 $1,355 $995,599 
Fixed-price73,640 73,226 190 147,056 
Licensing and other revenues8,373 1,108 — 9,481 
Revenues$684,778 $465,813 $1,545 $1,152,136 
Nine Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Contract Types
Time-and-material$1,854,159 $1,233,271 $11,168 $3,098,598 
Fixed-price202,144 205,897 4,873 412,914 
Licensing and other revenues18,503 3,234 34 21,771 
Revenues$2,074,806 $1,442,402 $16,075 $3,533,283 
Timing of Revenue Recognition
The following tables present the timing of revenue recognition reconciled with the Company’s reportable segments (Note 16 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$701,014 $461,923 $1,162,937 
Transferred at a point of time3,599 991 4,590 
Revenues$704,613 $462,914 $1,167,527 
Nine Months Ended September 30, 2024
Reportable Segments
North AmericaEuropeConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$2,097,251 $1,368,155 $3,465,406 
Transferred at a point of time10,720 3,463 14,183 
Revenues$2,107,971 $1,371,618 $3,479,589 
Three Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$682,410 $465,286 $1,545 $1,149,241 
Transferred at a point of time2,368 527 — 2,895 
Revenues$684,778 $465,813 $1,545 $1,152,136 
Nine Months Ended September 30, 2023
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$2,066,081 $1,440,682 $16,042 $3,522,805 
Transferred at a point of time8,725 1,720 33 10,478 
Revenues$2,074,806 $1,442,402 $16,075 $3,533,283 
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 September 30, 2024. 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 year1 Year2 Years3 YearsTotal
Contract Type
Fixed-price$23,832 $3,269 $— $— $27,101 
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
September 30,
2024		As of
December 31,
2023
Contract assets included in Trade receivables and contract assets, net$56,748 $24,309 
Contract liabilities included in Accrued expenses and other current liabilities$32,458 $27,988 
Contract liabilities included in Other noncurrent liabilities$290 $951