Current report filing

Revenue

v3.22.2.2
Revenue
3 Months Ended
Apr. 30, 2022
Revenue

(12) Revenue

Disaggregated Revenue and Geography Information

The following is a summary of revenues by type for the three months ended April 30, 2022 (Successor) and April 30, 2021 (Predecessor (SLH)) (in thousands):

Successor

Predecessor (SLH)

Three Months

Three Months

Ended

Ended

    

April 30, 2022

April 30, 2021

SaaS subscription services

$

85,068

$

64,361

Professional services

 

4,531

3,319

Software licenses and other

 

186

Instructor led training

 

45,053

Total net revenues

$

134,838

$

67,680

The following table sets forth our revenues by geographic region for the three months ended April 30, 2022 (Successor) and April 30, 2021 (Predecessor (SLH)) (in thousands):

   

Successor

Predecessor (SLH)

Three Months

Three Months

Ended

Ended

    

April 30, 2022

April 30, 2021

Revenue:

  

  

United States

$

83,315

$

51,144

Other Americas

 

8,556

3,383

Europe, Middle East and Africa

 

38,026

9,528

Asia-Pacific

 

4,941

3,625

Total net revenues

$

134,838

$

67,680

Other than the United States, no single country accounted for more than 10% of revenue for all periods presented.

Deferred Revenue

Deferred revenue activity for the three months ended April 30, 2022 was as follows (in thousands):

Deferred revenue at January 31, 2022 (Successor)

    

$

260,949

Billings deferred

 

94,001

Recognition of prior deferred revenue

 

(134,838)

Acquisition of Codecademy

18,396

Deferred revenue at April 30, 2022 (Successor)

$

238,508

Deferred revenue performance obligations relate predominately to time-based SaaS subscription services that are billed in advance of services being rendered.

Deferred Contract Acquisition Costs

Deferred contract acquisition cost activity for the three months ended April 30, 2022 was as follows (in thousands):

Deferred contract acquisition costs at January 31, 2022 (Successor)

    

$

13,248

Contract acquisition costs

 

4,258

Recognition of contract acquisition costs

 

(3,726)

Deferred contract acquisition costs at April 30, 2022 (Successor)

$

13,780