XML 25 R11.htm IDEA: XBRL DOCUMENT v3.21.2
Revenues
3 Months Ended
Sep. 30, 2021
Revenue Recognition [Abstract]  
Revenues

Note 3. Revenues  

Disaggregation of revenues

Revenues by geography were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

United States

 

$

42,631

 

 

$

34,199

 

United Kingdom

 

 

11,878

 

 

 

8,705

 

Rest of the world

 

 

7,681

 

 

 

5,239

 

Total

 

$

62,190

 

 

$

48,143

 

 

No country other than those listed above accounted for more than 10% of revenues during the three months ended September 30, 2021 and 2020.

Client Contract - Related Balance Sheet Amounts

Deferred commissions

The following table summarizes activity related to the deferred commissions balance (in thousands):

 

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

Beginning balance

 

$

16,965

 

 

$

13,077

 

Additions

 

 

3,421

 

 

 

1,470

 

Recognition of deferred commissions

 

 

(1,791

)

 

 

(1,324

)

Ending balance

 

$

18,595

 

 

$

13,223

 

Contract balances

The Company’s contract assets and liabilities were as follows (in thousands):

 

 

 

September 30, 2021

 

 

June 30, 2021

 

Unbilled accounts receivable, net(1)

 

$

7,263

 

 

$

6,925

 

Deferred revenue, net

 

 

110,375

 

 

 

109,801

 

 

(1)

The long-term portion of $248 and $85 as of September 30, 2021 and June 30, 2021, respectively, is included in other assets.

There was no allowance for doubtful accounts associated with unbilled receivables as of September 30, 2021 and June 30, 2021. During the three months ended September 30, 2021, the Company recognized $44.1 million in revenue pertaining to deferred revenue as of the beginning of the period.

Performance obligations

Remaining performance obligations represent non-cancellable contracted revenues that have not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenues in future periods. Subscription services are typically satisfied over one to three years, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services under time and material contracts are not included in the performance obligations amount as these arrangements can be cancelled at any time.

As of September 30, 2021, approximately $236.5 million of revenues is expected to be recognized from remaining performance obligations with approximately 63% over the next 12 months and the remainder thereafter.