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SEGMENT REPORTING (Tables)
6 Months Ended
Feb. 29, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables summarize the results for each segment for the three months ended February 29, 2024, and February 28, 2023:
(in thousands)Three Months Ended February 29, 2024
SoftwareServicesTotal
Revenues$11,614 $6,691 $18,305 
Cost of revenues1,348 3,736 5,084 
Gross profit$10,266 $2,955 $13,221 
Gross margin88 %44 %72 %
Our software business and services business represented 63% and 37% of total revenue, respectively, for the three months ended February 29, 2024.
(in thousands)Three Months Ended February 28, 2023
SoftwareServicesTotal
Revenues$10,487 $5,263 $15,750 
Cost of revenues843 1,777 2,620 
Gross profit$9,644 $3,486 $13,130 
Gross margin92 %66 %83 %
Our software business and services business represented 67% and 33% of total revenue, respectively, for the three months ended February 28, 2023.
The following tables summarize the results for each segment for the six months ended February 29, 2024 and February 28, 2023:
(in thousands)Six Months Ended February 29, 2024
SoftwareServicesTotal
Revenues$19,203 $13,602 $32,805 
Cost of revenues2,339 7,397 9,736 
Gross profit$16,864 $6,205 $23,069 
Gross margin88 %46 %70 %
Our software business and services business represented 59% and 41% of total revenue, respectively, for the six months ended February 29, 2024.
(in thousands)Six Months Ended February 28, 2023
SoftwareServicesTotal
Revenues$16,561 $11,153 $27,714 
Cost of revenues1,728 3,563 5,291 
Gross profit$14,833 $7,590 $22,423 
Gross margin90 %68 %81 %
Our software business and services business represented 60% and 40% of total revenue, respectively, for the six months ended February 28, 2023.