Deferred Commissions

6 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Deferred Commissions

Deferred Revenue and Performance Obligations

During the three months ended September 30, 2019 and 2018, $113.1 million and $83.2 million of revenue was recognized that was included in the deferred revenue balances at the beginning of each period, respectively, and $183.2 million and $131.5 million during the six months ended September 30, 2019 and 2018, respectively.

The aggregate unrecognized transaction price of remaining performance obligations as of September 30, 2019 was $465.1 million. The Company expects to recognize more than 96% of the balance as revenue in the next 24 months following September 30, 2019 and the remainder thereafter. The aggregate balance of remaining performance obligations represents contracted revenue that has not yet been recognized and does not include contract amounts which are cancelable by the customer and amounts associated with optional renewal periods.