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Revenue Recognition
 12 Months Ended
Mar. 31, 2024
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):
Fiscal Year Ended March 31,
202420232022
Amount%Amount%Amount%
North America$852,497 60 %$690,899 60 %$512,946 56 %
Europe, Middle East and Africa354,793 25 %292,176 25 %278,902 30 %
Asia Pacific130,611 9 %111,339 10 %96,454 10 %
Latin America92,629 6 %64,116 5 %41,143 4 %
Total revenue$1,430,530 $1,158,530 $929,445 
For the years ended March 31, 2024, 2023, and 2022, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $807.7 million and 56%, $652.0 million and 56%, and $477.2 million and 51% of total revenue, respectively.
Deferred commissions
The following table represents a rollforward of the Company’s deferred commissions (in thousands):
Fiscal Year Ended March 31,
202420232022
Beginning balance$169,261 $126,036 $97,624 
Additions to deferred commissions121,100 119,233 89,899 
Amortization of deferred commissions(98,116)(76,008)(61,487)
Ending balance$192,245 $169,261 $126,036 
Deferred revenue
Revenue recognized during the years ended March 31, 2024, 2023, and 2022 which was included in the deferred revenue balances at the beginning of each respective period was $800.0 million, $670.1 million, and $502.4 million.
Remaining performance obligations
As of March 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $2,422.9 million, which consists of both billed consideration in the amount of $1,050.3 million and unbilled consideration in the amount of $1,372.6 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 54% of this amount as revenue in the year ending March 31, 2025 and the remainder thereafter.
Contract assets
As of March 31, 2024 and March 31, 2023, contract assets of $5.2 million and $0.4 million, respectively, are included in accounts receivable, net, on the Company’s consolidated balance sheets.