Revenue

3 Months Ended

Jul. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

The following table presents revenue by geographical region (in thousands):

	Three Months Ended July 31,
	2022		2021
North America (1)	$	51,938	$	36,452
Europe, the Middle East and Africa (1)	10,703		12,219
Asia Pacific (1)	2,367		3,735
Rest of World (1)	300		—
Total revenue	$	65,308	$	52,406

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(1)The United States comprised 79% and 69% of the Company’s revenue for the three months ended July 31, 2022 and 2021, respectively. France comprised 13% of the Company’s revenue for the three months ended July 31, 2021. No other country comprised 10% or greater of the Company’s revenue for the three months ended July 31, 2022 or 2021.

Deferred Revenue

As of July 31, 2022 and April 30, 2022, the Company's deferred revenue balances were $43.7 million and $49.1 million, respectively. Revenue of $27.6 million and $38.3 million was recognized during the three months ended July 31, 2022 and 2021, respectively, that was included in the deferred revenue balances as of April 30, 2022 and 2021, respectively.

Remaining Performance Obligation

Remaining performance obligations are committed and represent non-cancellable contracted revenue that has not yet been recognized and will be recognized as revenue in future periods. Some contracts allow customers to cancel the contracts without a significant penalty, and the cancellable amount of contract value is not included in the remaining performance obligations.

The Company excludes amounts related to performance obligations and usage-based royalties that are billed and recognized as they are delivered or billed and recognized in the same period. This primarily consists of monthly usage-based runtime and hosting charges in the duration of some revenue contracts.

Revenue expected to be recognized from remaining performance obligations was approximately $458.2 million as of July 31, 2022, of which $173.5 million is expected to be recognized over the next 12 months and the remainder thereafter.

Customer Concentration and Accounts Receivable

All of the Company’s Customer-Entities consist of corporate and governmental entities. A limited number of Customer-Entities have accounted for a large part of the Company’s revenue and accounts receivable to date. For the purpose of determining customer concentration and accounts receivable, unbilled receivables have been excluded from accounts receivable balance. Two separate Customer-Entities accounted for 25% and 14%, respectively, of revenue for the three months ended July 31, 2022. Two separate Customer-Entities accounted for 23% and 13%, respectively, of revenue for the three months ended July 31, 2021. One Customer-Entity accounted for 14% of accounts receivable at July 31, 2022. Three separate Customer-Entities accounted for 32%, 13% and 12%, respectively, of accounts receivable at April 30, 2022. A Customer-Entity is defined as each entity that is the ultimate parent of a party contracting with the Company.

Accounts receivable includes billed and unbilled receivables, net of allowance of doubtful accounts. Trade accounts receivable are recorded at invoiced amounts and do not bear interest. The expectation of collectability is based on a review of credit profiles of customers, contractual terms and conditions, current economic trends, and historical payment experience. The Company regularly reviews the adequacy of the allowance for doubtful accounts by considering the age of each outstanding invoice and the collection history of each customer to determine the appropriate amount of allowance for doubtful accounts. Accounts receivable included unbilled receivables as of July 31, 2022 and April 30, 2022 of $39.3 million and $19.9 million, respectively.