REVENUES (Tables)

12 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

The following tables disaggregate our revenue by significant geographic area, based on the location of our direct end customer, by type of performance obligation and timing of revenue recognition for the periods indicated:


	Year Ended June 30,
	2023		2022		2021
Total Revenues by Geography:
Americas (1)	$	2,785,003	$	2,187,629	$	2,069,083
EMEA (2)	1,310,016		1,026,201		1,031,607
Asia Pacific (3)	389,961		280,014		285,425
Total revenues	$	4,484,980	$	3,493,844	$	3,386,115

Total Revenues by Type of Performance Obligation:
Recurring revenues (4)
Cloud services and subscriptions revenue	$	1,700,433	$	1,535,017	$	1,407,445
Customer support revenue	1,915,020		1,330,965		1,334,062
Total recurring revenues	$	3,615,453	$	2,865,982	$	2,741,507
License revenue (perpetual, term and subscriptions)	539,026		358,351		384,711
Professional service and other revenue	330,501		269,511		259,897
Total revenues	$	4,484,980	$	3,493,844	$	3,386,115

Total Revenues by Timing of Revenue Recognition:
Point in time	$	539,026	$	358,351	$	384,711
Over time (including professional service and other revenue)	$	3,945,954	$	3,135,493	$	3,001,404
Total revenues	$	4,484,980	$	3,493,844	$	3,386,115

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(1)Americas consists of countries in North, Central and South America.

(2)EMEA consists of countries in Europe, the Middle East and Africa.

(3)Asia Pacific primarily consists of Japan, Australia, China, Korea, Philippines, Singapore, India and New Zealand.

(4)Recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue.

Schedule of Contract Balances

The balance for our contract assets and contract liabilities (i.e., deferred revenues) for the periods indicated below were as follows:


	As of June 30, 2023(1)		As of June 30, 2022
Short-term contract assets	$	71,196	$	26,167
Long-term contract assets	$	64,553	$	19,719
Short-term deferred revenues	$	1,721,781	$	902,202
Long-term deferred revenues	$	217,771	$	91,144

_______________________________

(1)As of June 30, 2023, the deferred revenue and contract assets balances related to the Micro Focus Acquisition are $930.9 million and $87.7 million, respectively.

Schedule of Incremental Costs of Obtaining a Contract with a Customer

The following table summarizes the changes in total capitalized costs to obtain a contract, since June 30, 2020:


Capitalized costs to obtain a contract as of June 30, 2020	$	61,163
New capitalized costs incurred	32,202
Amortization of capitalized costs	(21,960)
Adjustments on account of foreign exchange	1,495
Capitalized costs to obtain a contract as of June 30, 2021	72,900
New capitalized costs incurred	39,852
Amortization of capitalized costs	(26,255)
Adjustments on account of foreign exchange	(3,935)
Capitalized costs to obtain a contract as of June 30, 2022	82,562
New capitalized costs incurred	47,305
Amortization of capitalized costs	(33,269)
Impact of foreign exchange rate changes	609
Capitalized costs to obtain a contract as of June 30, 2023	$	97,207