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REVENUES
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Disaggregation of Revenues
The following tables present the disaggregation of the Company’s revenues by customer location, including a reconciliation of the disaggregated revenues with the reportable segments (Note 14 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Customer Locations
Americas$723,015 $23,575 $501 $747,091 
EMEA22,621 415,595 — 438,216 
APAC1,237 30,139 — 31,376 
CEE1,510 700 8,027 10,237 
        Revenues$748,383 $470,009 $8,528 $1,226,920 
Nine Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Customer Locations
Americas$2,080,752 $72,351 $2,393 $2,155,496 
EMEA70,909 1,212,144 99 1,283,152 
APAC2,813 88,321 — 91,134 
CEE5,277 1,107 57,229 63,613 
        Revenues$2,159,751 $1,373,923 $59,721 $3,593,395 

Three Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Customer Locations
Americas$569,331 $20,959 $1,078 $591,368 
EMEA21,968 301,736 103 323,807 
APAC1,001 27,385 — 28,386 
CEE1,562 — 43,416 44,978 
        Revenues$593,862 $350,080 $44,597 $988,539 

Nine Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Customer Locations
Americas$1,532,428 $53,658 $3,001 $1,589,087 
EMEA61,338 812,886 236 874,460 
APAC2,143 72,175 — 74,318 
CEE4,828 14 107,973 112,815 
        Revenues$1,600,737 $938,733 $111,210 $2,650,680 
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 14 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Industry Verticals
Travel & Consumer$131,181 $147,271 $1,950 $280,402 
Financial Services134,673 115,372 4,741 254,786 
Business Information & Media121,703 87,028 167 208,898 
Software & Hi-Tech170,818 34,513 59 205,390 
Life Sciences & Healthcare116,878 12,569 228 129,675 
Emerging Verticals73,130 73,256 1,383 147,769 
        Revenues$748,383 $470,009 $8,528 $1,226,920 
Nine Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Industry Verticals
Travel & Consumer$384,360 $424,140 $13,539 $822,039 
Financial Services381,887 345,468 38,477 765,832 
Business Information & Media346,675 253,610 786 601,071 
Software & Hi-Tech488,134 100,814 1,248 590,196 
Life Sciences & Healthcare344,148 37,378 444 381,970 
Emerging Verticals214,547 212,513 5,227 432,287 
        Revenues$2,159,751 $1,373,923 $59,721 $3,593,395 

Three Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Industry Verticals
Travel & Consumer$98,494 $91,197 $7,875 $197,566 
Financial Services100,631 98,711 31,542 230,884 
Business Information & Media100,536 71,953 500 172,989 
Software & Hi-Tech146,532 27,103 662 174,297 
Life Sciences & Healthcare85,534 10,374 155 96,063 
Emerging Verticals62,135 50,742 3,863 116,740 
        Revenues$593,862 $350,080 $44,597 $988,539 

Nine Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Industry Verticals
Travel & Consumer$252,998 $235,552 $19,572 $508,122 
Financial Services253,713 262,716 77,251 593,680 
Business Information & Media280,120 197,142 1,323 478,585 
Software & Hi-Tech406,756 72,010 1,757 480,523 
Life Sciences & Healthcare241,835 36,505 534 278,874 
Emerging Verticals165,315 134,808 10,773 310,896 
        Revenues$1,600,737 $938,733 $111,210 $2,650,680 
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 14 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Contract Types
Time-and-material$673,927 $405,030 $5,887 $1,084,844 
Fixed-price69,565 64,426 2,424 136,415 
Licensing and other revenues4,891 553 217 5,661 
        Revenues$748,383 $470,009 $8,528 $1,226,920 

Nine Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Contract Types
Time-and-material$1,955,361 $1,172,981 $39,226 $3,167,568 
Fixed-price192,322 198,641 20,195 411,158 
Licensing and other revenues12,068 2,301 300 14,669 
        Revenues$2,159,751 $1,373,923 $59,721 $3,593,395 

Three Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Contract Types
Time-and-material$525,372 $303,521 $22,717 $851,610 
Fixed-price64,510 46,070 21,835 132,415 
Licensing and other revenues3,980 489 45 4,514 
        Revenues$593,862 $350,080 $44,597 $988,539 

Nine Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Contract Types
Time-and-material$1,409,463 $803,282 $56,383 $2,269,128 
Fixed-price178,908 133,888 54,651 367,447 
Licensing and other revenues12,366 1,563 176 14,105 
        Revenues$1,600,737 $938,733 $111,210 $2,650,680 
Timing of Revenue Recognition
The following tables present the timing of revenue recognition reconciled with the Company’s reportable segments (Note 14 “Segment Information”) for the periods indicated:
Three Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$746,352 $468,118 $8,316 $1,222,786 
Transferred at a point of time2,031 1,891 212 4,134 
        Revenues$748,383 $470,009 $8,528 $1,226,920 

Nine Months Ended September 30, 2022
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$2,153,772 $1,371,390 $59,447 $3,584,609 
Transferred at a point of time5,979 2,533 274 8,786 
        Revenues$2,159,751 $1,373,923 $59,721 $3,593,395 

Three Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$591,477 $349,984 $44,567 $986,028 
Transferred at a point of time2,385 96 30 2,511 
        Revenues$593,862 $350,080 $44,597 $988,539 

Nine Months Ended September 30, 2021
Reportable Segments
North AmericaEuropeRussiaConsolidated Revenues
Timing of Revenue Recognition
Transferred over time$1,593,081 $938,555 $111,127 $2,642,763 
Transferred at a point of time7,656 178 83 7,917 
        Revenues$1,600,737 $938,733 $111,210 $2,650,680 
During the three and nine months ended September 30, 2022, the Company recognized $12.3 million and $7.2 million, respectively, of revenues from performance obligations satisfied in previous periods compared to $13.3 million and $18.0 million during the three and nine months ended September 30, 2021, respectively.
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, 2022. 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$7,309 $2,064 $1,791 $448 $11,612 
The Company applies a practical expedient and does not disclose the amount of the transaction price allocated to the remaining performance obligations nor provide an explanation of when the Company expects to recognize that amount as revenue for certain variable consideration.
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,
2022
As of
December 31,
2021
Contract assets included in Trade receivables and contract assets, net$20,204 $13,798 
Contract liabilities included in Accrued expenses and other current liabilities$25,748 $39,810 
Contract liabilities included in Other noncurrent liabilities$109 $84 
Contract assets comprise amounts where the Company’s right to bill is contingent on something other than the passage of time such as achievement of contractual milestones. Contract assets have increased since December 31, 2021 primarily due to contracts where the Company’s right to bill is contingent upon achievement of contractual milestones. Contract liabilities comprise amounts collected from the Company’s customers for revenues not yet earned and such amounts are anticipated to be recorded as revenues when services are performed in subsequent periods. Contract liabilities have decreased since December 31, 2021, due to services performed for customers during the first nine months of 2022.
During the three and nine months ended September 30, 2022, the Company recognized $2.0 million and $34.0 million, respectively, of revenues that were included in Accrued expenses and other current liabilities at December 31, 2021. During the three and nine months ended September 30, 2021, the Company recognized $1.0 million and $15.3 million, respectively, of revenues that were included in Accrued expenses and other current liabilities at December 31, 2020.