Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.21.2
Revenue Recognition
9 Months Ended
Oct. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue
The following tables present revenue by region, according to the location of those customers from which the revenue was generated (in thousands except percentages): 
Three Months Ended October 31,
2021 2020
Amount Percentage of
Revenue
Amount Percentage of
Revenue
Americas (1)
$ 111,302  50  % $ 68,426  46  %
Europe, Middle East, and Africa 63,333  29  % 42,228  29  %
Asia-Pacific (2)
46,181  21  % 36,635  25  %
Total revenue $ 220,816  100  % $ 147,289  100  %
(1)Revenue from the United States represented 44% and 41% of our total revenues for the three months ended October 31, 2021 and 2020, respectively.
(2)Revenue from Japan represented 9% and 12% of our total revenues for the three months ended October 31, 2021 and 2020, respectively.
Nine Months Ended October 31,
2021 2020
Amount Percentage of
Revenue
Amount Percentage of
Revenue
Americas (1)
$ 285,194  47  % $ 171,320  43  %
Europe, Middle East, and Africa 173,822  29  % 118,391  30  %
Asia-Pacific (2)
143,538  24  % 110,057  27  %
Total revenue $ 602,554  100  % $ 399,768  100  %
(1)Revenue from the United States represented 42% and 38% of our total revenues for the nine months ended October 31, 2021 and 2020, respectively.
(2)Revenue from Japan represented 12% and 15% of our total revenues for the nine months ended October 31, 2021 and 2020, respectively.
Deferred Revenue
During the nine months ended October 31, 2021 and 2020, we recognized $179.3 million and $107.1 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, subscription services, and professional services and other revenue not yet delivered. As of October 31, 2021, the aggregate amount of transaction price allocated to remaining performance obligations was $579.5 million, which consists of $312.0 million of billed consideration and $267.5 million of unbilled consideration. Of this aggregate amount, we expect to recognize 62% 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 that represent incremental costs to obtain customer contracts, and are determined based on sales compensation plans. Amortization of deferred contract acquisition costs was $8.9 million and $9.5 million for the three months ended October 31, 2021 and 2020, respectively, and $19.9 million and $28.5 million for the nine months ended October 31, 2021 and 2020, respectively.