DEFERRED REVENUES

12 Months Ended

Jan. 31, 2014

7. DEFERRED REVENUES

Deferred revenues consisted of the following:

	January 31,
	2014		2013
	(in thousands)
Deferred maintenance revenue	$	87,288	$	85,823
Deferred license revenue		3,967		6,837
Deferred subscription revenue		7,590		5,456
Deferred services revenue		5,261		2,960
Deferred other revenue		54		117
Deferred revenues, current		104,160		101,193
Deferred revenues, non-current (in Other liabilities)		606		600
Total deferred revenues	$	104,766	$	101,793

Deferred maintenance and subscription revenues represent customer payments made in advance for support and subscription contracts that are typically billed annually in advance with corresponding revenues being recognized ratably over the support and subscription periods. Deferred license revenues typically result from undelivered products or specified enhancements, customer specific acceptance provisions and software license transactions that cannot be segmented from undelivered consulting or other services. Deferred services revenues represent both prepayments for our professional services where revenues for these services are generally recognized as the Company completes the performance obligations for the prepaid services; and services already provided but deferred due to software revenue recognition rules.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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