Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 13

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 2
Chunk 13
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 sets forth product support revenues (in thousands) and related percentage changes for the periods indicated:

    Years Ended December 31,

    2024

    2023

    % Change

    Product Support Revenues:

    Domestic
     
    $
    144,869

    $
    158,308

    -8.5
    %

    International

    98,936

    105,580

    -6.3
    %

    Total product support revenues
     
    $
    243,805

    $
    263,888

    -7.6
    %

Product support revenues are derived from providing technical software support and software updates and upgrades to customers.  Product support revenues are recognized ratably over the term of the contract, which is generally one year.  Product support revenues decreased $20.1 million during 2024, as compared to the prior year, primarily due to certain existing customers converting from perpetual product licenses with separate support contracts to our subscription services offerings. Our product support revenues may experience declines in future periods as we continue to promote our cloud offering to new and existing customers.

52

Other services revenues.  The following table sets forth other services revenues (in thousands) and related percentage changes for the periods indicated:

    Years Ended December 31,

    2024

    2023

    % Change

    Other Services Revenues:

    Consulting

    Domestic
     
    $
    27,646

    $
    35,261

    -21.6
    %

    International

    33,855

    36,814

    -8.0
    %

    Total consulting revenues

    61,501

    72,075

    -14.7
    %

    Education

    2,807

    3,768

    -25.5
    %

    Total other services revenues
     
    $
    64,308

    $
    75,843

    -15.2
    %

Consulting revenues.  Consulting revenues are derived from helping customers plan and execute the deployment of our software. Consulting revenues decreased $10.6 million during 2024, as compared to the prior year, primarily due to a decrease in demand for domestic consulting services.

Education revenues.  Education revenues are derived from the education and training that we provide to our customers to enhance their ability to fully utilize the features and functionality of our software