Revenue Recognition (Tables)

3 Months Ended

Feb. 28, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from External Customers by Revenue Type

Our revenues are derived from licensing our products and from related services, which consist of maintenance, SaaS, and consulting and education. Information relating to revenue from external customers by revenue type is as follows:

 

	Three Months Ended
(in thousands)	February 28, 2025		February 29, 2024
Performance obligations transferred at a point in time:
Software licenses	$	58,445	$	64,100
Performance obligations transferred over time:
Maintenance	99,535		102,025
SaaS	69,410		5,571
Professional services	10,625		12,989
Total revenue	$	238,015	$	184,685

Schedule of Revenue from External Customers from Different Geographical Areas

In the following table, revenue attributed to North America includes sales to customers in the U.S. and Canada and sales to certain multinational organizations. Revenue from EMEA, Latin America and the Asia Pacific region includes sales to customers in each region plus sales from the U.S. to distributors in these regions. Information relating to revenue from external customers from different geographical areas is as follows:

 

	Three Months Ended
(in thousands)	February 28, 2025		February 29, 2024
North America	$	154,646	$	107,282
EMEA	66,943		63,087
Latin America	5,052		4,668
Asia Pacific	11,374		9,648
Total revenue	$	238,015	$	184,685

Schedule of Contract With Customer, Asset and Liability

As of February 28, 2025, billing of our long-term unbilled receivables is expected to occur as follows:

(in thousands)
2026	$	21,713
2027	8,703
Total	$	30,416

As of February 28, 2025, the changes in net deferred revenue were as follows:

(in thousands)
Balance, December 1, 2024	$	404,412
Billings and other	233,909
Revenue recognized that was deferred in prior periods	(147,219)
Revenue recognized from current period arrangements	(90,796)
Balance, February 28, 2025	$	400,306