The fourth quarter and FY 2023 revenue, operating income, ACV and deferred revenue and backlog, as compared to the fourth quarter and FY 2022, were impacted by fluctuations in the exchange rates of foreign currencies against the U.S. Dollar. The currency fluctuation impacts on GAAP and non-GAAP revenue and operating income, ACV, and deferred revenue and backlog based on 2022 exchange rates are reflected in the tables below. Amounts in brackets indicate an adverse impact from currency fluctuations.
| GAAP | ||||||
| (in thousands) | Q4 QTD 2023 | FY 2023 | ||||
| Revenue | $ | 5,427 | $ | (5,753 | ) | |
| Operating income | $ | 1,745 | $ | (1,393 | ) | |
| Non-GAAP | ||||||
| (in thousands) | Q4 QTD 2023 | FY 2023 | ||||
| Revenue | $ | 5,427 | $ | (5,753 | ) | |
| Operating income | $ | 2,083 | $ | (958 | ) | |
| Other Metrics | ||||||
| (in thousands) | Q4 QTD 2023 | FY 2023 | ||||
| ACV | $ | 7,346 | $ | (2,878 | ) | |
| Deferred revenue and backlog | $ | 22,952 | $ | 2,534 | ||
The most meaningful currency impacts are typically attributable to U.S. Dollar exchange rate changes against the Euro and Japanese Yen. Historical exchange rates are reflected in the charts below.
