Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.21.2
Revenue (Tables)
6 Months Ended
Jul. 31, 2021
Revenue  
Schedule of disaggregated revenue

The following is a summary of revenues by type for the period from June 12, 2021 to July 31, 2021 (Successor), the period from May 1, 2021 to July 31, 2021 (Predecessor (SLH)), the period from February 1, 2021 to July 31, 2021 (Predecessor(SLH)), and the three months and six months ended July 31, 2021 (Predecessor (PL)), (in thousands):

Successor

Predecessor (SLH)

  

  

Predecessor (PL)

From

  

  

From

    

From

  

  

    

June 12,

May 1, 2021

February 1,

Three months

Six months

2021 to July

to June 11,

2021 to June

ended July 31,

ended July 31,

    

31, 2021

2021

    

11, 2021

2020

    

2020

SaaS and subscription services

$

34,534

40,577

119,233

100,398

201,492

Software maintenance

 

1,637

1,938

 

5,984

5,119

 

10,378

Professional services

 

3,060

5,384

 

13,495

10,247

 

21,189

Perpetual software licenses

 

34

36

 

924

1,053

 

2,084

Hardware and other

 

8

 

18

 

21

Virtual, on-demand and classroom

 

18,639

 

 

Total net revenues (1)

$

57,912

47,935

 

139,636

116,835

 

235,164

The following table sets forth our revenues by geographic region for the period from June 12, 2021 to July 31, 2021 (Successor), the period from May 1, 2021 to July 31, 2021 (Predecessor (SLH)), the period from February 1, 2021 to July 31, 2021 (Predecessor (SLH) and the three months and six months ended July 31, 2021 (Predecessor (PL)), (in thousands):

   

Successor

  

  

Predecessor (SLH)

  

  

Predecessor (PL)

From

From

From

June 12,

May 1, 2021

February 1,

Three months

Six months

2021 to July

to June 11,

2021 to June

ended July 31,

ended July 31,

    

31, 2021

2021

    

11, 2021

2020

    

2020

Revenue:

  

  

  

  

  

United States

$

36,572

34,913

101,884

90,565

181,242

Other Americas

 

4,495

3,042

 

8,724

4,762

 

11,238

Europe, Middle East and Africa

 

14,281

6,799

 

19,729

14,360

 

28,583

Asia-Pacific

 

2,564

3,181

 

9,299

7,148

 

14,101

Total net revenues (1)

$

57,912

47,935

 

139,636

116,835

 

235,164

Schedule of deferred revenue

Deferred revenue activity for the periods through July 31, 2021 was as follows (in thousands):

Deferred revenue at January 31, 2021 (Predecessor (SLH))

    

$

260,584

Billings deferred

 

109,450

Recognition of prior deferred revenue

 

(139,636)

Deferred revenue at June 11, 2021 (Predecessor (SLH))

$

230,398

Acquisition of Skillsoft and GK

146,318

Billings deferred

 

74,395

Recognition of prior deferred revenue

 

(57,912)

Acquisition of Pluma

 

4,848

Deferred revenue at July 31, 2021 (Successor)

$

167,649

Schedule of deferred contract acquisition costs

Deferred Contract Acquisition Costs

Deferred contract acquisition cost activity for the periods through July 31, 2021 was as follows (in thousands):

Deferred contract acquisition costs at January 31, 2021 (Predecessor (SLH))

    

$

7,584

Contract acquisition costs

 

6,931

Recognition of contract acquisition costs

 

(5,828)

Deferred contract acquisition costs at June 11, 2021 (Predecessor (SLH))

8,687

Deferred contract acquisition costs at June 12, 2021 (Successor)

Contract acquisition costs

 

7,355

Recognition of contract acquisition costs

 

(2,243)

Deferred contract acquisition costs at July 31, 2021 (Successor)

$

5,112