Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

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

The following is a summary of revenues by type for the three months ended October 31, 2021 (Successor), the period from June 12, 2021 to October 31, 2021 (Successor), the period from May 1, 2021 to June 11, 2021 (Predecessor (SLH)), the period from February 1, 2021 to June 11, 2021 (Predecessor (SLH)), and the three months and nine months ended October 31, 2021 (Predecessor (PL)), (in thousands):

Quarter-to Date Results

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

  

  

Predecessor (PL)

Three Months

From

From

Ended

August 28, 2020

August 1, 2020

    

October 31, 2021

to October 31, 2020

to August 27, 2020

SaaS and subscription services

$

100,969

$

31,659

$

33,274

Software maintenance

 

4,681

1,622

1,701

Professional services

 

10,415

3,271

3,310

Perpetual software licenses

 

1,288

415

402

Hardware and other

 

6

Virtual, on-demand and classroom

 

53,206

Total net revenues (1)

$

170,559

$

36,973

$

38,687

Year-to Date Results

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

Predecessor (SLH)

  

  

Predecessor (PL)

From

From

From

From

June 12, 2021 to

February 1, 2021

August 28, 2020

February 1, 2020

    

October 31, 2021

to June 11, 2021

to October 31, 2020

to August 27, 2020

SaaS and subscription services

$

155,293

$

119,233

$

31,659

$

234,766

Software maintenance

 

7,249

5,984

1,622

12,079

Professional services

 

15,217

13,495

3,271

24,499

Perpetual software licenses

 

1,341

924

415

2,486

Hardware and other

 

12

6

21

Virtual, on-demand and classroom

 

82,460

Total net revenues (1)

$

261,572

$

139,636

$

36,973

$

273,851

The following table sets forth our revenues by geographic region for the three months ended October 31, 2021 (Successor), June 12, 2021 to October 31, 2021 (Successor), the period from May 1, 2021 to June 11, 2021 (Predecessor (SLH)), the period from February 1, 2021 to June 11, 2021 (Predecessor (SLH) and the three months and nine months ended October 31, 2021 (Predecessor (PL)), (in thousands):

   

Quarter-to Date Results

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

Predecessor (PL)

Three Months

From

From

Ended

August 28, 2020

August 1, 2020

    

October 31, 2021

to October 31, 2020

to August 27, 2020

Revenue:

  

  

United States

$

90,892

$

28,858

$

30,996

Other Americas

 

9,857

1,566

597

Europe, Middle East and Africa

 

36,671

4,559

4,930

Asia-Pacific

 

33,139

1,990

2,164

Total net revenues (1)

$

170,559

$

36,973

$

38,687

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

   

Year-to Date Results

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

Predecessor (SLH)

Predecessor (PL)

From

From

From

From

June 12, 2021 to

February 1, 2021

August 28, 2020

February 1, 2020

    

October 31, 2021

to June 11, 2021

to October 31, 2020

to August 27, 2020

Revenue:

  

  

United States

$

167,906

$

101,884

$

28,858

$

217,783

Other Americas

 

18,039

8,724

1,566

8,899

Europe, Middle East and Africa

 

65,601

19,729

4,559

32,788

Asia-Pacific

 

10,026

9,299

1,990

14,381

Total net revenues (1)

$

261,572

$

139,636

$

36,973

$

273,851

Schedule of deferred revenue

Deferred revenue activity for the periods through October 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

268,299

Billings deferred

 

235,480

Recognition of prior deferred revenue

 

(261,572)

Acquisition of Pluma

 

5,864

Deferred revenue at October 31, 2021 (Successor)

$

248,071

Schedule of deferred contract acquisition costs

Deferred Contract Acquisition Costs

Deferred contract acquisition cost activity for the periods through October 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

Contract acquisition costs

 

7,143

Recognition of contract acquisition costs

 

(3,272)

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

$

8,983