Revenue Recognition

12 Months Ended

Jan. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

3 Revenue Recognition

Disaggregation of Revenue

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

	Year Ended January 31,
	2024				2023				2022
	Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue
Americas(1)	$	631,923	48	%	$	529,060	50	%	$	430,326	48	%
Europe, Middle East, and Africa	415,915		32	%	301,036		28	%	261,857		29	%
Asia-Pacific(2)	260,234		20	%	228,485		22	%	200,069		23	%
Total revenue	$	1,308,072	100	%	$	1,058,581	100	%	$	892,252	100	%

(1)Revenue from the U.S. represented 43%, 46%, and 43% of our total revenues for fiscal years 2024, 2023, and 2022, respectively.

(2)Revenue from Japan represented 9%, 10%, and 11% of our total revenues for fiscal years 2024, 2023, and 2022, respectively.

Contract Balances

Significant changes in our contract assets and deferred revenue balances during the periods presented were as follows (in thousands):

	Year Ended January 31,
Contract Assets	2024		2023
Beginning balance	$	75,783	$	77,561
Contract assets recognized during the year	84,180		74,265
Amounts transferred to accounts receivable from unbilled accounts receivable presented at the beginning of the year	(69,260)		(74,831)
Translation adjustments	(292)		(1,212)
Ending balance	$	90,411	$	75,783
Contract assets, current	$	84,197	$	69,260
Contract assets, non-current	6,214		6,523
Total contract assets	$	90,411	$	75,783

	Year Ended January 31,
Deferred Revenue	2024		2023
Beginning balance	$	520,031	$	366,020
Additions to deferred revenue during the year	1,364,473		1,145,584
Additions to deferred revenue from business acquisitions	—		173
Revenue recognized that was included in deferred revenue at the beginning of the period	(398,334)		(297,355)
Revenue recognized that was not included in deferred revenue at the beginning of the period	(828,668)		(687,603)
Translation adjustments	(9,670)		(6,788)
Ending balance	$	647,832	$	520,031
Deferred revenue, current	$	486,805	$	398,334
Deferred revenue, non-current	161,027		121,697
Total deferred revenue	$	647,832	$	520,031

Remaining Performance Obligations

Our remaining performance obligations are comprised of licenses, subscription services, and professional services and other revenue not yet delivered. As of January 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,159.9 million, which consists of both billed consideration in the amount of $647.8 million and unbilled consideration in the amount of $512.1 million that we expect to recognize as revenue. We expect to recognize 61% of our remaining performance obligations as revenue in the next twelve months, and the remainder thereafter.

Deferred Contract Acquisition Costs

Our deferred contract acquisition costs are comprised of sales commissions that represent incremental costs to obtain customer contracts, and are determined based on sales compensation plans. The following table represents a rollforward of our deferred contract acquisition costs (in thousands):

	Year Ended January 31,
	2024		2023
Beginning balance	$	187,503	$	130,150
Additions to deferred contract acquisition costs	118,844		118,909
Amortization of deferred contract acquisition costs	(75,471)		(59,826)
Translation adjustments	(1,881)		(1,730)
Ending balance	$	228,995	$	187,503
Deferred contract acquisition costs, current	$	74,678	$	49,887
Deferred contract acquisition costs, non-current	154,317		137,616
Total deferred contract acquisition costs	$	228,995	$	187,503