Income Taxes

6 Months Ended

Jul. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

We compute our tax provision for interim periods by applying the estimated annual effective tax rate to year-to-date income from continuing operations and adjusting for discrete items arising in that quarter.

We had an effective tax rate of (3.3)% and (1.7)% for the three months ended July 31, 2024 and 2023, respectively, and (2.7)% and (1.3)% for the six months ended July 31, 2024 and 2023, respectively. We have incurred U.S. operating losses and have profits or offsetting loss carryforwards in certain foreign jurisdictions.