Revenue

9 Months Ended

Oct. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue

Note 2. Revenue

Contract Assets

Contract assets, which are presented within accounts receivable, were not material as of October 31, 2020 and January 31, 2020.

Deferred Revenue

Deferred revenue was $354.4 million and $423.8 million as of October 31, 2020 and January 31, 2020, respectively. During the three months ended October 31, 2020 and 2019, we recognized $159.7 million and $141.5 million of revenue that was included in the deferred revenue balance as of July 31, 2020 and 2019, respectively. During the nine months ended October 31, 2020 and 2019, we recognized $363.2 million and $315.9 million of revenue that was included in the deferred revenue balance as of January 31, 2020 and 2019, respectively.

Transaction Price Allocated to the Remaining Performance Obligations

As of October 31, 2020, we had remaining performance obligations for subscription contracts of $755.9 million. We expect to recognize 64% of these remaining performance obligations as revenue over the next 12 months, with the balance recognized thereafter.

Disaggregation of Revenues

Refer to Part I, Item 1. Financial Statements—Note 1 for information regarding our disaggregation of revenues.