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Employee Incentive Plans (Tables)
3 Months Ended
Apr. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-based Compensation Expense by Statement of Operations Location
Stock-based compensation expense was recorded in the following cost and expense categories in the Company’s condensed consolidated statements of operations (in thousands):  
 
Three Months Ended April 30,
 
2018
 
2017
 
 
 
 
 
(unaudited)
Cost of revenue
 
 
 
Subscription
$
1,529

 
$
686

Professional services and other
889

 
469

Research and development
4,213

 
3,301

Sales and marketing
4,153

 
2,375

General and administrative
3,351

 
2,075

Total
$
14,135

 
$
8,906

 
 
 
 
Schedule of Shares of Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance are as follows:
 
As of
 
April 30, 2018
 
(unaudited)
Stock options and unvested RSUs outstanding
26,108,047

Available for future stock option and RSU grants
14,193,351

Available for ESPP
3,470,337

 
43,771,735

 
 
Schedule of Stock Option Activity
A summary of the Company’s stock option activity and related information is as follows:  
 
Number of
Options 
 
Weighted-
Average
Exercise
Price 
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of January 31, 2018
24,917,045

 
$
7.37

 
7.6
 
$
550,173

Granted
684,500

 
39.21

 
 
 
 
Exercised
(2,461,383
)
 
4.95

 
 
 
 
Canceled
(464,669
)
 
8.24

 
 
 
 
Outstanding as of April 30, 2018 (unaudited)
22,675,493

 
$
8.58

 
7.7
 
$
776,287

As of April 30, 2018
 
 
 
 
 
 
 
Vested and exercisable (unaudited)
9,285,314

 
$
5.81

 
6.9
 
$
343,540

Schedule of Black-Scholes Option Pricing Model Estimated Fair Value Assumptions
The Company used the Black-Scholes option pricing model to estimate the fair value of stock options granted with the following assumptions:
 
Three Months Ended April 30,
 
2018
 
2017
 
 
 
 
 
(unaudited) 
Expected volatility
40%
 
40% - 41%
Expected term (in years)
6.25
 
6.0 - 6.4
Risk-free interest rate
2.70%
 
2.06% - 2.21%
Expected dividend yield
 
Schedule of Nonvested Restricted Stock Units Activity
A summary of the Company’s RSU activity and related information is as follows:  
 
Number of
RSUs
 
Weighted-
Average
Grant Date Fair Value Per Share
 
 
 
 
Outstanding as of January 31, 2018
2,862,929

 
$
24.38

Granted
717,630

 
39.97

Vested
(58,825
)
 
17.00

Forfeited
(89,180
)
 
24.74

Outstanding as of April 30, 2018 (unaudited)
3,432,554

 
$
27.75