v3.26.1
Revenue Recognition (Tables)
 6 Months Ended
May 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from External Customers by Revenue Type
Our revenues are derived from licensing our products and from related services, which consist of maintenance, SaaS, and professional services. Information relating to revenue from external customers by revenue type is as follows:
 
Three Months EndedSix Months Ended
(in thousands)May 31, 2026May 31, 2025May 31, 2026May 31, 2025
Performance obligations transferred at a point in time:
Software licenses$68,979 $50,795 $136,560 $109,240 
Performance obligations transferred over time:
Maintenance101,222 103,491 201,561 203,026 
SaaS73,005 72,105 143,466 141,515 
Professional services10,259 10,964 19,677 21,589 
Total revenue$253,465 $237,355 $501,264 $475,370 
Schedule of Revenue from External Customers from Different Geographical Areas
In the following table, revenue attributed to North America includes sales to customers in the U.S. and Canada and sales to certain multinational organizations. Revenue from EMEA, Latin America, and the Asia Pacific region includes sales to customers in each region plus sales from the U.S. to distributors in these regions. Information relating to revenue from external customers from different geographical areas is as follows:
 
Three Months EndedSix Months Ended
(in thousands)May 31, 2026May 31, 2025May 31, 2026May 31, 2025
North America$162,529 $147,326 $315,218 $301,972 
EMEA70,608 73,039 148,988 139,982 
Latin America5,790 4,853 11,316 9,905 
Asia Pacific14,538 12,137 25,742 23,511 
Total revenue$253,465 $237,355 $501,264 $475,370 
Schedule of Unbilled Receivables and Contract Assets and Changes in Deferred Revenue
As of May 31, 2026, billing of our non-current unbilled receivables is expected to occur as follows:
(in thousands)
2027$18,542 
202816,101 
20299,496 
Total$44,139 
As of May 31, 2026, the changes in deferred revenue were as follows:

(in thousands)
Balance, December 1, 2025$425,079 
Billings and other499,410 
Revenue recognized that was deferred in prior periods(265,282)
Revenue recognized from current period arrangements(235,982)
Balance, May 31, 2026$423,225