5 unchanged sentences
dollar value of the Company’s reported revenues, expenses, earnings, assets and liabilities.
−Removed: For the three months ended March 31, 2023, approximately 21.8% of the Company’s revenues were generated outside of the U.S..
+Added: For the six months ended June 30, 2023, approximately 22.1% of the Company’s revenues were generated outside of the U.S.
These operations transact business in their functional currency, which is the same as their local currency.
5 unchanged sentences
dollar changes relative to the currencies of the Company’s international markets, the Company’s reported results vary.
−Removed: During the first three months of 2023, the U.S.
+Added: During the first six months of 2023, the U.S.
dollar fluctuated, and generally strengthened, against the primary currencies in which the Company conducts business, compared to one year ago.
−Removed: Foreign currency exchange rates had the effect of decreasing reported service revenues by $21 million, or 1.2%, in the first quarter of 2023 compared to the same period one year ago.
+Added: Foreign currency exchange rates had the effect of decreasing reported service revenues by $24.0 million, or 0.7%, in the first half of 2023 compared to the same period one year ago.
The general strengthening of the U.S.
1 unchanged sentence
Because substantially all the Company’s international operations generated revenues and incurred expenses within the same country and currency, the effect of lower reported revenues is largely offset by the decrease in reported operating expenses.
−Removed: Reported net income was $1 million, or 0.6%, lower in the first quarter of 2023 compared to the same period one year ago due to the effect of currency exchange rates.
−Removed: If currency exchange rates were to remain at March 31, 2023, levels throughout the remainder of 2023, the currency impact on the Company’s full-year reported revenues and operating expenses would be consistent with the first quarter of 2023 results.
+Added: Reported net income was $1.0 million, or 0.3%, lower in the first half of 2023 compared to the same period one year ago due to the effect of currency exchange rates.
+Added: If currency exchange rates were to remain at June 30, 2023 levels throughout the remainder of 2023, the currency impact on the Company’s full-year reported revenues and operating expenses would be consistent with the first half of 2023 results.
Should current trends continue, the impact to reported net income would be immaterial.
−Removed: For the one month ended April 30, 2023, the U.S.
−Removed: dollar has weakened against the Euro, British Pound, Brazilian Real, Canadian Dollar, and the Australian Dollar since March 31, 2023.
−Removed: If foreign currency exchange rates were to remain at April 2023 levels throughout 2023, the currency impact on the Company’s full-year reported revenues would be favorable, offset by an unfavorable impact on operating expenses.
+Added: For the one month ended July 31, 2023, the U.S.
+Added: dollar has weakened against the Euro, British Pound, Brazilian Real, and Canadian Dollar, and strengthened against the Australian Dollar since June 30, 2023.
+Added: If foreign currency exchange rates were to remain at July 2023 levels throughout 2023, the currency impact on the Company’s full-year reported revenues would be favorable, offset by an unfavorable impact on operating expenses.
These results will likely have an immaterial impact on reported net income.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.