SEGMENT INFORMATION
Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker (“CODM”) in deciding on how to allocate resources and in assessing performance. The Company’s CODM is considered to be the Company’s chief executive officer (“CEO”). The CEO reviews financial information presented on an entity level basis for purposes of making operating decisions and assessing financial performance. Therefore, the Company has determined that it operates in a single operating and reportable segment.
The Company provides services related to application development, testing, infrastructure management and application maintenance.
The following table summarizes revenues by geography:
|
| | | | | | | | | |
| | For the year ended December 31, |
| | 2017 | | 2016 | | 2015 |
North America | | |
| | |
| | |
|
United States of America | | 322,658 |
| | 258,388 |
| | 208,203 |
|
Canada | | 2,956 |
| | 2,535 |
| | 4,209 |
|
Subtotal North America | | 325,614 |
| | 260,923 |
| | 212,412 |
|
Europe | | | | | | |
Spain | | 23,831 |
| | 12,929 |
| | 3,671 |
|
Ireland | | — |
| | 165 |
| | 1,787 |
|
United Kingdom | | 9,996 |
| | 10,305 |
| | 6,468 |
|
Luxembourg | | 1,000 |
| | 961 |
| | 205 |
|
Germany | | 1,540 |
| | 2,478 |
| | 698 |
|
Sweden | | 1,317 |
| | 1,251 |
| | 250 |
|
Italy | | — |
| | 718 |
| | 40 |
|
Others | | 800 |
| | 499 |
| | 389 |
|
Subtotal Europe | | 38,484 |
| | 29,306 |
| | 13,508 |
|
Asia | | | | | | |
India | | 673 |
| | 1,132 |
| | 1,392 |
|
Japan | | — |
| | — |
| | 42 |
|
Others | | 27 |
| | 133 |
| | — |
|
Subtotal Asia | | 700 |
| | 1,265 |
| | 1,434 |
|
Latin America and others | | | | | | |
Argentina | | 14,886 |
| | 10,216 |
| | 7,574 |
|
Brazil | | 358 |
| | 2,344 |
| | 2,084 |
|
Colombia | | 3,553 |
| | 3,177 |
| | 1,436 |
|
Chile | | 19,243 |
| | 13,425 |
| | 12,424 |
|
Uruguay | | 231 |
| | 84 |
| | 1,184 |
|
Mexico | | 7,418 |
| | 966 |
| | 964 |
|
Perú | | 2,627 |
| | 852 |
| | 76 |
|
Others | | 325 |
| | 298 |
| | 700 |
|
Subtotal Latin America and others | | 48,641 |
| | 31,362 |
| | 26,442 |
|
TOTAL | | 413,439 |
| | 322,856 |
| | 253,796 |
|
One single customer accounted for 10.2% and 12.3% of revenues for the years ended December 31, 2017 and 2015. However, no single customer accounted for 10% or more of revenues for the year ended December 31, 2016.
The following table summarizes non-current assets other than deferred taxes as stated in IFRS 8, paragraph 33.b, by jurisdiction:
|
| | | | | | |
| | As of December 31, |
| | 2017 | | 2016 |
| | | | |
Argentina | | 69,511 |
| | 59,595 |
|
Spain | | 38,454 |
| | 38,825 |
|
United States of America | | 57,071 |
| | 22,087 |
|
Brazil | | 1,870 |
| | 2,652 |
|
Uruguay | | 555 |
| | 722 |
|
Luxembourg | | 5,316 |
| | 5,568 |
|
Colombia | | 7,997 |
| | 4,976 |
|
México | | 3,460 |
| | 4,101 |
|
India | | 2,206 |
| | 3,258 |
|
Chile | | 1,037 |
| | 971 |
|
Other countries | | 534 |
| | 476 |
|
TOTAL | | 188,011 |
| | 143,231 |
|
