| Schedule of disaggregated revenue |
|
|
|
|
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|
|
|
|
|
|
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|
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|
Fiscal 2022 |
|
Fiscal 2021 |
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|
|
|
|
Successor |
|
|
Predecessor (SLH) |
|
Predecessor (SLH) |
|
|
Predecessor (PL) |
|
Predecessor (PL) |
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|
From |
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|
From |
|
From |
|
|
From |
|
|
|
|
June 12, 2021 to |
|
|
February 1, 2021 |
|
August 28, 2020 |
|
|
February 1, 2020 |
|
Fiscal year ended |
|
|
January 31, 2022 |
|
|
to June 11, 2021 |
|
to January 31, 2021 |
|
|
to August 27, 2020 |
|
January 31, 2020 |
SaaS and subscription services |
|
$ |
255,432 |
|
|
$ |
119,233 |
|
$ |
93,205 |
|
|
$ |
234,766 |
|
$ |
439,791 |
Software maintenance |
|
|
11,868 |
|
|
|
5,984 |
|
|
4,770 |
|
|
|
12,079 |
|
|
23,982 |
Professional services |
|
|
26,302 |
|
|
|
13,495 |
|
|
9,546 |
|
|
|
24,499 |
|
|
45,661 |
Perpetual software licenses |
|
|
1,545 |
|
|
|
924 |
|
|
1,241 |
|
|
|
2,486 |
|
|
1,885 |
Hardware and other |
|
|
21 |
|
|
|
— |
|
|
6 |
|
|
|
21 |
|
|
2,702 |
Virtual, on-demand and classroom |
|
|
132,586 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
Total net revenues (1) |
|
$ |
427,754 |
|
|
$ |
139,636 |
|
$ |
108,768 |
|
|
$ |
273,851 |
|
$ |
514,021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2022 |
|
Fiscal 2021 |
|
|
|
|
|
Successor |
|
|
Predecessor (SLH) |
|
Predecessor (SLH) |
|
|
Predecessor (PL) |
|
Predecessor (PL) |
|
|
From |
|
|
From |
|
From |
|
|
From |
|
|
|
|
June 12, 2021 to |
|
|
February 1, 2021 |
|
August 28, 2020 |
|
|
February 1, 2020 |
|
Fiscal year ended |
|
|
January 31, 2022 |
|
|
to June 11, 2021 |
|
to January 31, 2021 |
|
|
to August 27, 2020 |
|
January 31, 2020 |
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
270,487 |
|
|
$ |
101,884 |
|
$ |
84,248 |
|
|
$ |
217,783 |
|
$ |
405,065 |
Other Americas |
|
|
29,248 |
|
|
|
8,724 |
|
|
4,724 |
|
|
|
8,899 |
|
|
21,925 |
Europe, Middle East and Africa |
|
|
111,946 |
|
|
|
19,729 |
|
|
13,934 |
|
|
|
32,788 |
|
|
61,321 |
Asia-Pacific |
|
|
16,073 |
|
|
|
9,299 |
|
|
5,862 |
|
|
|
14,381 |
|
|
25,710 |
Total net revenues (1) |
|
$ |
427,754 |
|
|
$ |
139,636 |
|
$ |
108,768 |
|
|
$ |
273,851 |
|
$ |
514,021 |
|
| Schedule of deferred revenue |
Deferred revenue activity for the periods through January 31, 2022 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 |
|
|
268,299 |
Billings deferred |
|
|
486,444 |
Recognition of prior deferred revenue |
|
|
(427,754) |
Acquisition of Pluma |
|
|
5,864 |
Deferred revenue at January 31, 2022 (Successor) |
|
$ |
332,853 |
|
| Schedule of deferred contract acquisition costs |
Deferred contract acquisition cost activity for the periods through January 31, 2022 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 |
|
|
30,888 |
Recognition of contract acquisition costs |
|
|
(13,971) |
Deferred contract acquisition costs at January 31, 2022 (Successor) |
|
$ |
16,917 |
|