Sentences with phrase «revenue standard adoption»

Not exact matches

Prior period results have been recast for the change of fiscal quarter, same - store sales growth definition and adoption of new revenue accounting standard.

Subscription, maintenance and support revenue for the first quarter 2018 of $ 4.0 million, compared to $ 4.8 million for the first quarter 2017, was negatively impacted in the quarter by approximately $ 184,000 from the adoption of the new revenue recognition standard (ASC Topic 606) as well as the loss of a large customer representing approximately $ 800,000 in revenue in the first quarter which was previously announced as lost in Q4 2017.

The first quarter year over year revenue comparison was negatively impacted by approximately $ 184,000 due to the adoption of the new revenue recognition standard (ASC Topic 606) as well as the loss of a large customer, representing revenue of approximately $ 800,000 in the current quarter, which was previously announced as lost in Q4 2017.

Revenue for 2018 is expected to be approximately $ 25 million, which includes an approximately $ 1.1 million unfavorable revenue impact due to the adoption of the new revenue recognition standard (ASC Topic 606) in 2018, as well as the loss of a large customer in the fourth quarter 2017, representing revenue of approximately $ 3.2 million anRevenue for 2018 is expected to be approximately $ 25 million, which includes an approximately $ 1.1 million unfavorable revenue impact due to the adoption of the new revenue recognition standard (ASC Topic 606) in 2018, as well as the loss of a large customer in the fourth quarter 2017, representing revenue of approximately $ 3.2 million anrevenue impact due to the adoption of the new revenue recognition standard (ASC Topic 606) in 2018, as well as the loss of a large customer in the fourth quarter 2017, representing revenue of approximately $ 3.2 million anrevenue recognition standard (ASC Topic 606) in 2018, as well as the loss of a large customer in the fourth quarter 2017, representing revenue of approximately $ 3.2 million anrevenue of approximately $ 3.2 million annually.

The effect of the new standard represents the increase (decrease) in the line item based on the adoption of the New Revenue Sstandard represents the increase (decrease) in the line item based on the adoption of the New Revenue StandardStandard.

In connection with the adoption of the new Revenue Standard, the company also reclassified certain revenues and expenses.

The adoption of the ASC 606 revenue recognition standard reduced professional services revenue by $ 1.7 million compared to what would have been reported under the old standard.

The decrease from Q1 of 2017 was also due to the adoption of the revenue - recognition standard, which reduced expenses by $ 8.7 million, as well a decrease of $ 8.6 million in distribution expense due to changes in the mix of average money market fund assets.

The decreases from the prior quarter — or the decrease from the prior quarter was due to the adoption of the revenue - recognition standard, which caused expenses to decrease by $ 9 million and lower distribution expense of $ 1.7 million from two fewer days in the quarter, offset by higher comp and related expense from incentive compensation and seasonally higher payroll taxes.