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Deferred Contract Acquisition and Fulfillment Costs
 6 Months Ended
Jul. 31, 2024
Revenue from Contract with Customer [Abstract]  
Deferred Contract Acquisition and Fulfillment Costs Revenue
Subscription revenue is recognized over time and accounted for approximately 97% of our revenue in each of the three and six month periods ended July 31, 2024 and 2023.

Performance Obligations

As of July 31, 2024, the amount of the transaction price allocated to remaining performance obligations for contracts greater than one year was $2.2 billion. We expect to recognize 56% of the transaction price allocated to remaining performance obligations within the 12 months following July 31, 2024 in our condensed consolidated statement of operations and comprehensive income.

Contract Balances

Contract assets represent amounts for which we have recognized revenue, pursuant to our revenue recognition policy, for contracts that have not yet been invoiced to our customers where there is a remaining performance obligation, typically for multi-year arrangements. Total contract assets were $13.4 million and $15.9 million as of July 31, 2024 and January 31, 2024. The change in contract assets reflects the difference in timing between our satisfaction of remaining performance obligations and our contractual right to bill our customers.

Contract liabilities consist of deferred revenue and payments received in advance of performance under the contract. Such amounts are generally recognized as revenue over the contractual period. For the six months ended July 31, 2024 and 2023, we recognized revenue of $969.4 million and $876.0 million that was included in the corresponding contract liability balance at the beginning of the periods presented.

We receive payments from customers based upon contractual billing schedules. We record accounts receivable when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically 30 days.
Geographic Information

Revenue by geography is based on the address of the customer as specified in our master subscription agreements with our customers. Revenue by geographic area was as follows:
Three Months Ended July 31,Six Months Ended July 31,
(in thousands)2024202320242023
U.S.$529,452 $507,984 $1,042,178 $1,001,042 
International206,575 179,703 403,489 348,033 
Total revenue$736,027 $687,687 $1,445,667 $1,349,075
Deferred Contract Acquisition and Fulfillment Costs
The following table represents a rollforward of our deferred contract acquisition and fulfillment costs:
Six Months Ended July 31,
(in thousands)20242023
Deferred Contract Acquisition Costs:
Beginning balance$409,658 $355,389 
Additions to deferred contract acquisition costs113,172 89,191 
Amortization of deferred contract acquisition costs(92,644)(73,982)
Cumulative translation adjustment(2,587)2,113 
Ending balance$427,599 $372,711 
Deferred Contract Fulfillment Costs:
Beginning balance$22,525 $21,076 
Additions to deferred contract fulfillment costs18,083 24,165 
Amortization of deferred contract fulfillment costs(18,823)(24,400)
Cumulative translation adjustment14 139 
Ending balance$21,799 $20,980