| Revenue |
(16) Revenue
Disaggregated Revenue and Geography Information
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):
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Successor |
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Predecessor (SLH) |
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Predecessor (PL) |
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From |
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From |
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From |
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June 12, |
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May 1, 2021 |
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February 1, |
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Three months |
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Six months |
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2021 to July |
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to June 11, |
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2021 to June |
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ended July 31, |
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ended July 31, |
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31, 2021 |
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2021 |
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11, 2021 |
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2020 |
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2020 |
SaaS and subscription services |
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$ |
34,534 |
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|
40,577 |
|
119,233 |
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|
100,398 |
|
201,492 |
Software maintenance |
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|
1,637 |
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|
1,938 |
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5,984 |
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|
5,119 |
|
10,378 |
Professional services |
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|
3,060 |
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|
5,384 |
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13,495 |
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|
10,247 |
|
21,189 |
Perpetual software licenses |
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|
34 |
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36 |
|
924 |
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|
1,053 |
|
2,084 |
Hardware and other |
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|
8 |
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— |
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— |
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18 |
|
21 |
Virtual, on-demand and classroom |
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18,639 |
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— |
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— |
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— |
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— |
Total net revenues (1) |
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$ |
57,912 |
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|
47,935 |
|
139,636 |
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|
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):
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Successor |
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Predecessor (SLH) |
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Predecessor (PL) |
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From |
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From |
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From |
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June 12, |
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May 1, 2021 |
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February 1, |
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Three months |
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Six months |
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2021 to July |
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to June 11, |
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2021 to June |
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ended July 31, |
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ended July 31, |
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31, 2021 |
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2021 |
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11, 2021 |
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2020 |
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2020 |
Revenue: |
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United States |
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$ |
36,572 |
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34,913 |
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101,884 |
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90,565 |
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181,242 |
Other Americas |
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4,495 |
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|
3,042 |
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8,724 |
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|
4,762 |
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11,238 |
Europe, Middle East and Africa |
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|
14,281 |
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6,799 |
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19,729 |
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14,360 |
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28,583 |
Asia-Pacific |
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|
2,564 |
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3,181 |
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9,299 |
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|
7,148 |
|
14,101 |
Total net revenues (1) |
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$ |
57,912 |
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|
47,935 |
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139,636 |
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|
116,835 |
|
235,164 |
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 periods through July 31, 2021 was as follows (in thousands):
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Deferred revenue at January 31, 2021 (Predecessor (SLH)) |
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$ |
260,584 |
Billings deferred |
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|
109,450 |
Recognition of prior deferred revenue |
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(139,636) |
Deferred revenue at June 11, 2021 (Predecessor (SLH)) |
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$ |
230,398 |
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|
|
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Acquisition of Skillsoft and GK |
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|
146,318 |
Billings deferred |
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|
74,395 |
Recognition of prior deferred revenue |
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(57,912) |
Acquisition of Pluma |
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|
4,848 |
Deferred revenue at July 31, 2021 (Successor) |
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$ |
167,649 |
Deferred revenue performance obligations relate predominately to time-based SaaS and subscription services that are billed in advance of services being rendered.
Deferred Contract Acquisition Costs
Deferred contract acquisition cost activity for the periods through July 31, 2021 was as follows (in thousands):
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Deferred contract acquisition costs at January 31, 2021 (Predecessor (SLH)) |
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$ |
7,584 |
Contract acquisition costs |
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|
6,931 |
Recognition of contract acquisition costs |
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(5,828) |
Deferred contract acquisition costs at June 11, 2021 (Predecessor (SLH)) |
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|
8,687 |
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Deferred contract acquisition costs at June 12, 2021 (Successor) |
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|
— |
Contract acquisition costs |
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|
7,355 |
Recognition of contract acquisition costs |
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(2,243) |
Deferred contract acquisition costs at July 31, 2021 (Successor) |
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$ |
5,112 |
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