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EQUITY AWARD PLANS (Tables)
9 Months Ended
Apr. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of RSUs Activity
Below is a summary of RSU activity, including MSUs, under the Stock Plans:
 
Number of
Shares
 
Grant Date Fair Value per Share
Outstanding at July 31, 2018
23,597,499

 
$
31.20

Granted
8,445,399

 
$
47.63

Vested
(6,382,260
)
 
$
28.07

Canceled/forfeited
(2,426,308
)
 
$
35.03

Outstanding at April 30, 2019
23,234,330

 
$
37.63


Schedule of ESPP Valuation Assumptions
We use the Black-Scholes option pricing model to determine the fair value of shares purchased under the 2016 ESPP with the following weighted average assumptions on the date of grant:
 
Nine Months Ended
April 30,
 
2018
 
2019
Expected term (in years)
0.75

 
0.84

Risk-free interest rate
1.4
%
 
2.5
%
Volatility
49.8
%
 
69.0
%
Dividend yield
%
 
%

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Total stock-based compensation expense recognized in the condensed consolidated statements of operations is as follows:
 
Three Months Ended
April 30,
 
Nine Months Ended
April 30,
 
2018
 
2019
 
2018
 
2019
 
(in thousands)
Cost of revenue:
 
 
 
 
 
 
 
Product
$
634

 
$
953

 
$
1,888

 
$
2,523

Support, entitlements and other services
1,951

 
4,542

 
6,156

 
11,072

Sales and marketing
18,051

 
35,257

 
47,759

 
81,325

Research and development
16,474

 
42,265

 
49,039

 
107,953

General and administrative
7,836

 
11,815

 
17,630

 
30,449

Total stock-based compensation expense
$
44,946


$
94,832

 
$
122,472

 
$
233,322