REVENUES (Tables)

9 Months Ended

Mar. 31, 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:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Total Revenues by Geography:
Americas (1)	$	750,999	$	560,969	$	1,892,389	$	1,615,967
EMEA (2)	379,430		252,888		843,088		764,707
Asia Pacific (3)	114,245		68,426		258,673		210,716
Total revenues	$	1,244,674	$	882,283	$	2,994,150	$	2,591,390


Total Revenues by Type of Performance Obligation:
Recurring revenues (4)
Cloud services and subscriptions revenue	$	435,449	$	401,947	$	1,248,774	$	1,123,422
Customer support revenue	575,884		332,514		1,209,743		1,002,626
Total recurring revenues	$	1,011,333	$	734,461	$	2,458,517	$	2,126,048
License revenue (perpetual, term and subscriptions)	139,722		80,641		310,230		263,663
Professional service and other revenue	93,619		67,181		225,403		201,679
Total revenues	$	1,244,674	$	882,283	$	2,994,150	$	2,591,390

Total Revenues by Timing of Revenue Recognition:
Point in time	$	139,722	$	80,641	$	310,230	$	263,663
Over time (including professional service and other revenue)	1,104,952		801,642		2,683,920		2,327,727
Total revenues	$	1,244,674	$	882,283	$	2,994,150	$	2,591,390

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

(2)EMEA primarily 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 March 31, 2023 (1)		As of June 30, 2022
Short-term contract assets	$	61,374	$	26,167
Long-term contract assets	$	63,380	$	19,719
Short-term deferred revenues	$	1,785,121	$	902,202
Long-term deferred revenues	$	240,357	$	91,144

______________________

(1)As of March 31, 2023, the deferred revenue and contract assets balances related to the Micro Focus Acquisition are $992.8 million and $83.1 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, 2022:


Capitalized costs to obtain a contract as of June 30, 2022	$	82,562
New capitalized costs incurred	35,663
Amortization of capitalized costs	(24,252)
Impact of foreign exchange rate changes	233
Capitalized costs to obtain a contract as of March 31, 2023	$	94,206