Disaggregation of Revenue |
The following table summarizes the revenue by region based on the shipping address of customers who have contracted to use our cloud platform: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended January 31, | | Six Months Ended January 31, | | 2023 | | 2022 | | 2023 | | 2022 | | Amount | | % Revenue | | Amount | | % Revenue | | Amount | | % Revenue | | Amount | | % Revenue | | | | | | | | | | | | | | | | | | (in thousands, except per percentage data) | United States | $ | 193,508 | | | 50 | % | | $ | 125,419 | | | 49 | % | | $ | 369,023 | | | 50 | % | | $ | 238,832 | | | 49 | % | Europe, Middle East and Africa | 124,742 | | | 32 | % | | 88,174 | | | 35 | % | | 241,749 | | | 32 | % | | 168,723 | | | 35 | % | Asia Pacific | 57,602 | | | 15 | % | | 36,029 | | | 14 | % | | 109,858 | | | 15 | % | | 67,080 | | | 14 | % | Other | 11,746 | | | 3 | % | | 5,941 | | | 2 | % | | 22,516 | | | 3 | % | | 11,445 | | | 2 | % | Total | $ | 387,598 | | | 100 | % | | $ | 255,563 | | | 100 | % | | $ | 743,146 | | | 100 | % | | $ | 486,080 | | | 100 | % |
The following table summarizes the revenue from contracts by type of customer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended January 31, | | Six Months Ended January 31, | | 2023 | | 2022 | | 2023 | | 2022 | | Amount | | % Revenue | | Amount | | % Revenue | | Amount | | % Revenue | | Amount | | % Revenue | | | | | | | | | | | | | | | | | | (in thousands, except per percentage data) | Channel partners | $ | 358,165 | | | 92 | % | | $ | 238,947 | | | 93 | % | | $ | 687,522 | | | 93 | % | | $ | 454,550 | | | 94 | % | Direct customers | 29,433 | | | 8 | % | | 16,616 | | | 7 | % | | 55,624 | | | 7 | % | | 31,530 | | | 6 | % | Total | $ | 387,598 | | | 100 | % | | $ | 255,563 | | | 100 | % | | $ | 743,146 | | | 100 | % | | $ | 486,080 | | | 100 | % |
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Capitalized Contract Cost |
The activity of the deferred contract acquisition costs consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended January 31, | | Six Months Ended January 31, | | 2023 | | 2022 | | 2023 | | 2022 | | | | | | | | | | (in thousands) | Beginning balance | $ | 301,472 | | | $ | 216,103 | | | $ | 297,002 | | | $ | 207,030 | | Capitalization of contract acquisition costs | 37,407 | | | 34,528 | | | 64,202 | | | 58,513 | | Amortization of deferred contract acquisition costs | (23,728) | | | (16,126) | | | (46,053) | | | (31,038) | | Ending balance | $ | 315,151 | | | $ | 234,505 | | | $ | 315,151 | | | $ | 234,505 | |
The outstanding balance of the deferred contract acquisition costs consisted of the following: | | | | | | | | | | | | | January 31, 2023 | | July 31, 2022 | | | | | | (in thousands) | Deferred contract acquisition costs, current | $ | 96,105 | | | $ | 86,210 | | Deferred contract acquisition costs, noncurrent | 219,046 | | | 210,792 | | Total deferred contract acquisition costs | $ | 315,151 | | | $ | 297,002 | |
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