Revenue Recognition

12 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table is a summary of the Company’s total revenues by geographic region (in thousands, except percentages):



	Fiscal Year Ended March 31,
	2018				2019				2020
	Amount		%		Amount		%		Amount		%
North America	$	232,521	58	%	$	248,012	57	%	$	318,299	58	%
Europe, Middle East and Africa	111,295		28	%	125,615		29	%	150,418		28	%
Asia Pacific	39,275		10	%	45,563		11	%	60,418		11	%
Latin America	14,956		4	%	11,776		3	%	16,668		3	%
Total revenue	$	398,047			$	430,966			$	545,803

For the years ended March 31, 2018, 2019, and 2020, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $216.6 million and 54%, $233.3 million and 54% and $299.5 million and 55% of total revenue, respectively.

Deferred Commissions

The following table represents a rollforward of the Company’s deferred commissions (in thousands):



	Fiscal Year Ended March 31,
	2018			2019			2020
Beginning balance	$	25,219		$	39,282		$	59,250
Additions to deferred commissions	30,835			43,212			54,969
Amortization of deferred commissions	(16,772		)	(23,244		)	(35,974		)
Ending Balance	$	39,282		$	59,250		$	78,245
Deferred commissions, current	18,763			27,705			38,509
Deferred commissions, non-current	20,519			31,545			39,736
Total deferred commissions	$	39,282		$	59,250		$	78,245

Deferred Revenue

Revenue recognized from amounts included in deferred revenue as of March 31, 2017 was $169.2 million during the year ended March 31, 2018. Revenue recognized from amounts included in deferred revenue as of March 31, 2018 was $211.4 million during the year ended March 31, 2019. Revenue recognized from amounts included in deferred revenue as of March 31, 2019 was $274.7 million during the year ended March 31, 2020.

Remaining Performance Obligations

As of March 31, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $859.7 million, which consists of both billed consideration in the amount of $444.8 million and unbilled consideration in the amount of $414.9 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 58% of this amount as revenue in the year ended March 31, 2021 and 99% of this amount as revenue over the three years ending March 31, 2023 with the remaining 1% recognized thereafter.