XML 29 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Information
 3 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
 
Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and to assess performance.

Prior to the Transactions, the Industrial Software Business had two operating and reportable segments: OSI Inc. and GSS (subsequently renamed Subsurface Science & Engineering Solutions, or “SSE”, after the Closing Date). The Transactions resulted in the creation of a third operating and reportable segment: Heritage AspenTech. During the three months ended September 30, 2022, the Company completed certain integration activities and changes to its organizational structure that triggered a change in the composition of its operating and reportable segments. As a result, as of September 30, 2022, the Company is now comprised of a single operating and reportable segment. Accordingly, the Company has restated its operating and reportable segment information for the three months ended September 30, 2021. The Company's chief operating decision maker is its President and Chief Executive Officer.

Geographic Information

Summarized below is information about the Company's geographic operations:

Revenue by Destination

Three Months Ended September 30,
20222021
Americas$130,858 $51,897 
Asia, Middle East and Africa53,671 10,563 
Europe66,290 14,555 
Total$250,819 $77,015 

Americas included revenue in the U.S. of $112.2 million and $49.0 million for the three months ended September 30, 2022 and 2021.
Property, Equipment, and
Leasehold Improvements, Net
September 30, 2022June 30, 2022
Americas$14,645 $14,591 
Asia, Middle East and Africa1,597 1,154 
Europe868 1,403 
Total$17,110 $17,148 

Property, equipment, and leasehold improvements located in the U.S. were $25.2 million and $13.0 million as of September 30, 2022 and June 30, 2022.