Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.21.1
Revenue Recognition
 3 Months Ended
Apr. 30, 2021
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):

 

 

 

Three Months Ended April 30,

 

 

 

2021

 

 

2020

 

 

 

Amount

 

 

Percentage of

Revenue

 

 

Amount

 

 

Percentage of

Revenue

 

Americas (1)

 

$

84,626

 

 

 

45

%

 

$

41,353

 

 

 

37

%

Europe, Middle East, and Africa

 

 

50,084

 

 

 

27

%

 

 

36,680

 

 

 

32

%

Asia-Pacific (2)

 

 

51,507

 

 

 

28

%

 

 

35,070

 

 

 

31

%

Total revenue

 

$

186,217

 

 

 

100

%

 

$

113,103

 

 

 

100

%

 

 

(1)

Revenue from the United States represented 40% and 33% of our total revenues for the three months ended April 30, 2021 and 2020, respectively.

 

(2)

Revenue from Japan represented 15% and 19% of our total revenues for the three months ended April 30, 2021 and 2020, respectively.

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.