Revenue Recognition |
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Revenue From Contract With Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue Recognition |
3. Revenue Recognition Disaggregation of Revenue The following table presents revenue by region, according to the location of those customers from which the revenue was generated (in thousands except percentages):
Deferred Revenue During the three months ended April 30, 2021 and 2020, we recognized $81.9 million and $48.3 million of revenue that was included in the deferred revenue balance as of January 31, 2021 and 2020, respectively. Remaining Performance Obligations Our remaining performance obligations are comprised of licenses, maintenance and support, and services and other revenue not yet delivered. As of April 30, 2021, the aggregate amount of transaction price allocated to remaining performance obligations was $463.9 million, which consists of $277.3 million of billed consideration and $186.6 million of unbilled consideration. Of this aggregate amount, we expect to recognize 63% as revenue over the next 12 months, and the remainder thereafter. Deferred Contract Acquisition Costs Our deferred contract acquisition costs are comprised of sales commissions incremental to the acquisition of customer contracts and are determined based on sales compensation plans for incremental sales. Amortization of deferred contract acquisition costs was $4.9 million and $8.0 million for the three months ended April 30, 2021 and 2020, respectively. |
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- References No definition available.
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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