Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations

6 Months Ended

Jul. 31, 2020

Segment Reporting [Abstract]

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations

Disaggregation of Revenues

The following table presents disaggregated revenues by major product or service type:

	Three Months Ended July 31,				Six Months Ended July 31,
(In thousands)	2020		2019		2020		2019
Revenues
License	$	176,814	$	279,279	$	325,199	$	482,141
Cloud services	125,870		70,451		238,022		132,506
Maintenance, professional services and training	188,974		166,828		362,514		326,761
Total revenues	$	491,658	$	516,558	$	925,735	$	941,408

Revenues by geography are based on the shipping address of the customer. The following table presents our revenues by geographic region:

	Three Months Ended July 31,				Six Months Ended July 31,
(In thousands)	2020		2019		2020		2019
United States	$	328,374	$	352,210	$	611,506	$	664,566
International	163,284		164,348		314,229		276,842
Total revenues	$	491,658	$	516,558	$	925,735	$	941,408

Other than the United States, no other individual country exceeded 10% of total revenues during any of the periods presented.

The following table presents revenues by channel partners representing 10% or more of total revenues:

	Three Months Ended July 31,				Six Months Ended July 31,
(In thousands)	2020		2019		2020		2019
Channel Partner A	29	%	30	%	29	%	31	%
Channel Partner B	14	%	17	%	14	%	18	%

The revenues from these channel partners are comprised of a number of customer transactions, none of which were individually greater than 10% of total revenues for the three or six months ended July 31, 2020 or 2019, respectively.

Accounts Receivable

The following table presents total current and non-current accounts receivable by channel partners representing 10% or more of total current and non-current accounts receivable:

(In thousands)	July 31, 2020		January 31, 2020
Channel Partner A	23	%	27	%
Channel Partner B	15	%	13	%

The COVID-19 pandemic and the recent economic downturn prompted us to perform additional credit reviews of our existing customers. After performing our additional reviews using a current expected credit loss model, we determined that, while there may be delays in our collections, the risk of credit loss on our accounts receivable as of July 31, 2020 was expected to be materially consistent with prior periods.

Deferred Revenue

Revenues recognized from amounts included in deferred revenue as of January 31, 2020 and 2019 were $476.9 million and $395.1 million during the six months ended July 31, 2020 and 2019, respectively.

Remaining Performance Obligations

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and non-cancelable amounts that will be invoiced and excludes performance obligations that are subject to cancellation terms. Our remaining performance obligations were $1.75 billion as of July 31, 2020, of which we expect to recognize approximately 59% as revenue over the next 12 months and the remainder thereafter.