XML 26 R19.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenue
3 Months Ended
Apr. 30, 2022
Revenue

(12) Revenue

Disaggregated Revenue and Geography Information

The following is a summary of revenues by type for the three months ended April 30, 2022 (Successor) and April 30, 2021 (Predecessor (SLH)) (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Successor

​

​

Predecessor (SLH)

​

​

Three Months

​

​

Three Months

​

​

Ended

​

​

Ended

​

    

April 30, 2022

​

​

April 30, 2021

SaaS subscription services

​

$

85,068

​

​

$

64,361

Professional services

 

​

4,531

​

​

​

3,319

Software licenses and other

 

​

186

​

​

​

—

Instructor led training

 

​

45,053

​

​

​

—

Total net revenues

​

$

134,838

​

​

$

67,680

​

The following table sets forth our revenues by geographic region for the three months ended April 30, 2022 (Successor) and April 30, 2021 (Predecessor (SLH)) (in thousands):

​

​

​

​

​

​

​

​

​

​

   

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Successor

​

​

Predecessor (SLH)

​

​

Three Months

​

​

Three Months

​

​

Ended

​

​

Ended

​

    

April 30, 2022

​

​

April 30, 2021

Revenue:

​

  

​

​

​

  

​

United States

​

$

83,315

​

​

$

51,144

Other Americas

 

​

8,556

​

​

​

3,383

Europe, Middle East and Africa

 

​

38,026

​

​

​

9,528

Asia-Pacific

 

​

4,941

​

​

​

3,625

Total net revenues

​

$

134,838

​

​

$

67,680

​

Other than the United States, no single country accounted for more than 10% of revenue for all periods presented.

Deferred Revenue

Deferred revenue activity for the three months ended April 30, 2022 was as follows (in thousands):

​

​

​

​

​

Deferred revenue at January 31, 2022 (Successor)

    

$

260,949

Billings deferred

​

 

94,001

Recognition of prior deferred revenue

​

 

(134,838)

Acquisition of Codecademy

​

​

18,396

Deferred revenue at April 30, 2022 (Successor)

​

$

238,508

​

Deferred revenue performance obligations relate predominately to time-based SaaS subscription services that are billed in advance of services being rendered.

Deferred Contract Acquisition Costs

Deferred contract acquisition cost activity for the three months ended April 30, 2022 was as follows (in thousands):

​

​

​

​

​

Deferred contract acquisition costs at January 31, 2022 (Successor)

    

$

13,248

Contract acquisition costs

​

 

4,258

Recognition of contract acquisition costs

​

 

(3,726)

Deferred contract acquisition costs at April 30, 2022 (Successor)

​

$

13,780

​