Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.22.1
Revenue (Tables)
12 Months Ended
Jan. 31, 2022
Revenue  
Schedule of disaggregated revenue

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

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