v3.22.4
Revenue Recognition
 9 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of revenue
The following table is a summary of the Company’s total revenue by geographic region (in thousands, except percentages):
Three Months Ended December 31,Nine Months Ended December 31,
2022202120222021
Amount%Amount%Amount%Amount%
North America$179,438 60 %$133,704 55 %$503,942 60 %$370,368 55 %
Europe, Middle East and Africa73,182 25 %71,102 30 %212,927 25 %207,493 31 %
Asia Pacific28,311 9 %24,927 10 %81,852 10 %71,002 10 %
Latin America16,525 6 %11,033 5 %45,334 5 %27,997 4 %
Total revenue$297,456 $240,766 $844,055 $676,860 
For the three and nine months ended December 31, 2022 and 2021, the United States was the only country that represented more than 10% of the Company’s revenue in any period, constituting $169.7 million and 57% and $124.3 million and 52% of total revenue during the three months ended December 31, 2022 and 2021, respectively, and $475.5 million and 56% and $343.9 million and 51% of total revenue during the nine months ended December 31, 2022 and 2021, respectively.
Deferred revenue
Revenue recognized during the three months ended December 31, 2022 and 2021, which was included in the deferred revenue balance at the beginning of each respective period, was $143.5 million and $110.6 million, respectively. Revenue recognized during the nine months ended December 31, 2022 and 2021, which was included in the deferred revenue balance at the beginning of each respective period, was $569.3 million and $447.2 million, respectively.
Remaining performance obligations
As of December 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,697.8 million, which consists of both billed consideration in the amount of $673.0 million and unbilled consideration in the amount of $1,024.8 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 58% of this amount as revenue over the next twelve months and the remainder thereafter.