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Revenue Recognition (Tables)
6 Months Ended
May 31, 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 professional services. Information relating to revenue from external customers by revenue type is as follows:
 
Three Months EndedSix Months Ended
(in thousands)May 31, 2025May 31, 2024May 31, 2025May 31, 2024
Performance obligations transferred at a point in time:
Software licenses$50,795 $53,979 $109,240 $118,079 
Performance obligations transferred over time:
Maintenance103,491 102,503 203,026 204,528 
SaaS72,105 5,988 141,515 11,559 
Professional services10,964 12,607 21,589 25,596 
Total revenue$237,355 $175,077 $475,370 $359,762 
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 EndedSix Months Ended
(in thousands)May 31, 2025May 31, 2024May 31, 2025May 31, 2024
North America$147,326 $102,902 $301,972 $210,184 
EMEA73,039 57,538 139,982 120,625 
Latin America4,853 4,599 9,905 9,267 
Asia Pacific12,137 10,038 23,511 19,686 
Total revenue$237,355 $175,077 $475,370 $359,762 
Schedule of Contract With Customer, Asset and Liability
As of May 31, 2025, billing of our non-current unbilled receivables is expected to occur as follows:
(in thousands)
2026$19,667 
202710,223 
Total$29,890 
As of May 31, 2025, the changes in net deferred revenue were as follows:

(in thousands)
Balance, December 1, 2024$404,412 
Billings and other459,537 
Revenue recognized that was deferred in prior periods(252,819)
Revenue recognized from current period arrangements(222,551)
Balance, May 31, 2025$388,579