“You can expect to see this reflected in revenues over the next four quarters, primarily because most of the billings occurred in the last month of the quarter.”

In context

“Roei Golan (CFO): I will address that. The billing is divided into services, which includes support, subscription services, and product. On the services side, billing grew by 21% this quarter. You can expect to see this reflected in revenues over the next four quarters, primarily because most of the billings occurred in the last month of the quarter. Our quarters tend to be back-end loaded, so the impact will become visible over the next four quarters. I aim to demonstrate sustainable growth in services billing, ideally similar to what we experienced this quarter. Ultimately, this will be evident in our revenues. For the product side, most billing coincides with revenue recognition, as we bill customers upon delivering the product, which is reflected immediately. However, for services, the recognition takes more time.”