Revenue Recognition

12 Months Ended

Jan. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

3 Revenue Recognition

Disaggregation of Revenue

The following table summarizes revenue by geographical region (dollars in thousands):

	Year Ended January 31,
	2022				2021				2020
	Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue
Americas(1)	$	430,326	48	%	$	260,016	43	%	$	125,360	37	%
Europe, Middle East, and Africa	261,857		29	%	187,072		31	%	113,887		34	%
Asia-Pacific(1)	200,069		23	%	160,555		26	%	96,909		29	%
Total revenue	$	892,252	100	%	$	607,643	100	%	$	336,156	100	%

(1)Revenue from the United States and Japan, respectively, represented 43% and 11%, 39% and 14%, and 34% and 17% of our total revenue for fiscal years 2022, 2021, and 2020, respectively.

Contract Balances

Significant changes in our contract assets and deferred revenue balances during the periods presented were as follows (in thousands):

	Year Ended January 31,
Contract Assets	2022		2021
Beginning balance	$	36,306	$	12,977
Contract assets recognized during the year	77,714		33,734
Amounts transferred to accounts receivable from unbilled accounts receivable presented at the beginning of the year	(34,221)		(11,398)
Translation adjustments	(2,238)		993
Ending balance	$	77,561	$	36,306
Contract assets, current	$	74,831	$	34,221
Contract assets, non-current	2,730		2,085
Total contract assets	$	77,561	$	36,306

	Year Ended January 31,
Deferred Revenue	2022		2021
Beginning balance	$	272,403	$	165,568
Additions to deferred revenue during the year	952,177		670,797
Additions to deferred revenue from business acquisitions	3,640		—
Revenue recognized that was included in deferred revenue at the beginning of the period	(211,078)		(124,627)
Revenue recognized that was not included in deferred revenue at the beginning of the period	(636,418)		(446,710)
Translation adjustments	(14,704)		7,375
Ending balance	$	366,020	$	272,403
Deferred revenue, current	$	297,355	$	211,078
Deferred revenue, non-current	68,665		61,325
Total deferred revenue	$	366,020	$	272,403

Remaining Performance Obligations

Our remaining performance obligations are comprised of licenses, subscription services, and professional services and other revenue not yet delivered. As of January 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $682.8 million, which consists of both billed consideration in the amount of $366.0 million and unbilled consideration in the amount of $316.8 million that we expect to recognize as revenue. We expect to recognize 62% of our remaining performance obligations as revenue in fiscal year 2023, and the remainder thereafter.

Deferred Contract Acquisition Costs

The following table represents a rollforward of our deferred contract acquisition costs (in thousands):

	Year Ended January 31,
	2022		2021
Beginning balance	$	43,206	$	37,254
Additions to deferred contract acquisition costs	130,206		51,058
Amortization of deferred contract acquisition costs	(39,257)		(40,997)
Reversal of deferred contract acquisition costs due to change in sales incentive plan	—		(5,426)
Translation adjustments	(4,005)		1,317
Ending balance	$	130,150	$	43,206
Deferred contract acquisition costs, current	$	29,926	$	10,653
Deferred contract acquisition costs, non-current	100,224		32,553
Total deferred contract acquisition costs	$	130,150	$	43,206