/ Other Performance Metrics
| (in millions, except percentages) | Q2 QTD 2021 | Q2 QTD 2020 | % Change | % Change in Constant Currency | ||||||||||
| ACV | $ | 430.5 | $ | 344.4 | 25 | % | 23 | % | ||||||
| Operating cash flows | $ | 118.9 | $ | 131.6 | (10 | ) | % | |||||||
| (in millions, except percentages) | Q2 YTD 2021 | Q2 YTD 2020 | % Change | % Change in Constant Currency | |||||||||
| ACV | $ | 749.9 | $ | 645.5 | 16 | % | 14 | % | |||||
| Operating cash flows | $ | 290.0 | $ | 279.0 | 4 | % | |||||||
ACV is a metric the Company uses to better understand the business. There is no GAAP measure comparable to ACV. ACV is composed of the following:
- the annualized value of maintenance and lease contracts with start dates or anniversary dates during the period, plus
- the value of perpetual license contracts with start dates during the period, plus
- the annualized value of fixed-term services contracts with start dates or anniversary dates during the period, plus
- the value of work performed during the period on fixed-deliverable services contracts.
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Management's 2021 Financial Outlook
