This is largely driven by the seasonality and term license revenue and higher expenses associated with in-person events and T&E. For example, our annual user conference was in-person this year, while the same event was held virtually for the past two years.

May 5, 2022 / CFO / receipt, needs a key / Mark Matheos, CFO | earnings call 2022-05-05 | transcript d99ae505-f48d-465f-b41d-a7c9a3d1f67d | chars 21139-21396 | segment 21