Revenue

9 Months Ended

Oct. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

Note 2. Revenue

Deferred Revenue

Deferred revenue was $467.1 million and $534.2 million as of October 31, 2022 and January 31, 2022, respectively. During the three months ended October 31, 2022 and 2021, we recognized $210.9 million and $182.5 million of revenue that was included in the deferred revenue balance as of July 31, 2022 and 2021, respectively. During the nine months ended October 31, 2022 and 2021, we recognized $472.2 million and $393.5 million of revenue that was included in the deferred revenue balance as of January 31, 2022 and 2021, respectively.

Transaction Price Allocated to the Remaining Performance Obligations

As of October 31, 2022, we had remaining performance obligations from contracts with customers of $1.056 billion. We expect to recognize revenue on 62% of these remaining performance obligations over the next 12 months, with the substantial majority of the remaining balance expected to be recognized within 24 months.