| Schedule of disaggregated revenue |
The following is a summary of revenues by type for the three months ended April 30, 2021 (Successor) and three months ended April 30, 2020 (Predecessor), (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Successor
|
|
Predecessor
|
|
|
|
Three months ended
|
|
Three months ended
|
|
|
|
April 30, 2021
|
|
April 30, 2020
|
|
SaaS and subscription services
|
|
$
|
78,575
|
|
$
|
101,089
|
|
Software maintenance
|
|
|
4,064
|
|
|
5,260
|
|
Professional services
|
|
|
8,191
|
|
|
10,946
|
|
Perpetual software licenses
|
|
|
871
|
|
|
1,031
|
|
Hardware and other
|
|
|
—
|
|
|
3
|
|
Total net revenues(1)
|
|
$
|
91,701
|
|
$
|
118,329
|
The following table sets forth our revenues by geographic region for the three months ended April 30, 2021 (Successor) and three months ended April 30, 2020 (Predecessor), (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Successor
|
|
Predecessor
|
|
|
|
Three months ended
|
|
Three months ended
|
|
|
|
April 30, 2021
|
|
April 30, 2020
|
|
Revenues:
|
|
|
|
|
|
|
|
United States
|
|
$
|
70,170
|
|
$
|
93,533
|
|
Other Americas
|
|
|
4,461
|
|
|
4,931
|
|
Europe, Middle East and Africa
|
|
|
12,113
|
|
|
13,787
|
|
Asia-Pacific
|
|
|
4,957
|
|
|
6,078
|
|
Total net revenues(1)
|
|
$
|
91,701
|
|
$
|
118,329
|
|
The following is a summary of revenues by type for the period August 28, 2020 through January 31, 2021 (Successor), February 1, 2020 through August 27, 2020 (Predecessor), and the fiscal years ended January 31, 2020 and 2019 (Predecessor) (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor
|
|
|
Predecessor
|
|
|
|
August 28, 2020
|
|
|
February 1, 2020
|
|
Year Ended
|
|
Year Ended
|
|
|
|
through January 31,
|
|
|
through August 27,
|
|
January 31,
|
|
January 31,
|
|
|
|
2021
|
|
|
2020
|
|
2020
|
|
2019
|
|
SaaS and subscription services
|
|
$
|
93,205
|
|
|
$
|
234,766
|
|
$
|
439,791
|
|
$
|
462,240
|
|
Software maintenance
|
|
|
4,770
|
|
|
|
12,079
|
|
|
23,982
|
|
|
30,161
|
|
Professional services
|
|
|
9,546
|
|
|
|
24,499
|
|
|
45,661
|
|
|
38,043
|
|
Perpetual software licenses
|
|
|
1,241
|
|
|
|
2,486
|
|
|
1,885
|
|
|
3,340
|
|
Hardware and other
|
|
|
6
|
|
|
|
21
|
|
|
2,702
|
|
|
357
|
|
Total net revenues(1)
|
|
$
|
108,768
|
|
|
$
|
273,851
|
|
$
|
514,021
|
|
$
|
534,141
|
The following table sets forth our revenues by geographic region for the period August 28, 2020 through January 31, 2021 (Successor), February 1, 2020 through August 27, 2020 (Predecessor), and the fiscal years ended January 31, 2020 and 2019 (Predecessor) (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor
|
|
|
Predecessor
|
|
|
|
August 28, 2020
|
|
|
February 1, 2020
|
|
Year Ended
|
|
Year Ended
|
|
|
|
through January 31,
|
|
|
through August 27,
|
|
January 31,
|
|
January 31,
|
|
|
|
2021
|
|
|
2020
|
|
2020
|
|
2019
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$
|
84,248
|
|
|
$
|
217,783
|
|
$
|
405,065
|
|
$
|
421,746
|
|
Other Americas
|
|
|
4,724
|
|
|
|
8,899
|
|
|
21,925
|
|
|
22,807
|
|
Europe, Middle East and Africa
|
|
|
13,934
|
|
|
|
32,788
|
|
|
61,321
|
|
|
66,244
|
|
Asia-Pacific
|
|
|
5,862
|
|
|
|
14,381
|
|
|
25,710
|
|
|
23,344
|
|
Total net revenues(1)
|
|
$
|
108,768
|
|
|
$
|
273,851
|
|
$
|
514,021
|
|
$
|
534,141
|
|
(1)
|
|
As a result of the Company’s adoption of ASC 606 effective February 1, 2019 using the modified retrospective method, prior period amounts have not been adjusted to conform with ASC 606 and therefore may not be comparable.
|
|
| Schedule of deferred revenue |
Deferred revenue activity for the three months ended April 30, 2021 was as follows (in thousands):
|
|
|
|
|
|
Deferred revenue at January 31, 2021 (Successor)
|
|
$
|
260,584
|
|
Billings deferred
|
|
|
67,034
|
|
Recognition of prior deferred revenue
|
|
|
(91,701)
|
|
Deferred revenue at April 30, 2021 (Successor)
|
|
$
|
235,917
|
|
Deferred revenue activity for the period February 1, 2020 through August 27, 2020 (Predecessor) and the period August 28, 2020 through January 31, 2021 (Successor) was as follows (in thousands):
|
|
|
|
|
|
Deferred revenue at February 1, 2020 (includes current and non-current components)
|
|
$
|
311,170
|
|
Billings deferred
|
|
|
163,333
|
|
Recognition of prior deferred revenue
|
|
|
(273,851)
|
|
Deferred revenue at August 27, 2020
|
|
|
200,652
|
|
Fresh start reporting fair value adjustment
|
|
|
(116,252)
|
|
Deferred revenue at August 28, 2020 (Successor)
|
|
|
84,400
|
|
Billings deferred
|
|
|
284,952
|
|
Recognition of prior deferred revenue
|
|
|
(108,768)
|
|
Deferred revenue at January 31, 2021 (Successor)
|
|
$
|
260,584
|
|
| Schedule of deferred contract acquisition costs |
Deferred contract acquisition cost activity for the three months ended April 30, 2021 was as follows (in thousands):
|
|
|
|
|
|
Deferred contract acquisition costs at January 31, 2021 (Successor)
|
|
$
|
7,584
|
|
Contract acquisition costs
|
|
|
5,491
|
|
Recognition of contract acquisition costs
|
|
|
(3,323)
|
|
Deferred contract acquisition costs at April 30, 2021 (Successor)
|
|
$
|
9,752
|
|
Deferred contract acquisition cost activity for the period February 1, 2020 through August 27, 2020 (Predecessor) and the periods August 28, 2020 through January 31, 2021 (Successor) was as follows (in thousands):
|
|
|
|
|
|
Deferred contract acquisition costs at February 1, 2020
|
|
$
|
22,887
|
|
Contract acquisition costs
|
|
|
11,965
|
|
Recognition of contract acquisition costs
|
|
|
(14,060)
|
|
Deferred contract acquisition costs at August 27, 2020 (Predecessor)
|
|
$
|
20,792
|
|
Fresh start reporting fair value adjustment
|
|
|
(20,792)
|
|
Deferred contract acquisition costs at August 28, 2020 (Successor)
|
|
|
—
|
|
Contract acquisition costs
|
|
|
19,973
|
|
Recognition of contract acquisition costs
|
|
|
(12,389)
|
|
Deferred contract acquisition costs at January 31, 2021 (Successor)
|
|
$
|
7,584
|
|