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

For the years ended March 31, 2020, 2019 and 2018, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $299.5 million and 55%, $233.3 million and 54% and $216.6 million and 54% 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,
	2020			2019			2018
Beginning balance	$	59,250		$	39,282		$	25,219
Additions to deferred commissions	54,969			43,212			30,835
Amortization of deferred commissions	(35,974		)	(23,244		)	(16,772		)
Ending Balance	$	78,245		$	59,250		$	39,282
Deferred commissions, current	38,509			27,705			18,763
Deferred commissions, non-current	39,736			31,545			20,519
Total deferred commissions	$	78,245		$	59,250		$	39,282

Deferred revenue

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

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.