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Revenue
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2. Revenue
The Company derives its revenues primarily from subscriptions, sale of products, and professional services. Revenues are recognized when control is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products.
Disaggregation of revenue
Revenue by geographic location is based on the billing address of the customer. The following table provides information about disaggregated revenue by primary geographical markets:
Three Months Ended
March 31,
 20242023
Primary geographical markets  
North America90 %91 %
Others10 9 
Total revenues100 %100 %
The Company derived over 90% of subscription revenues from RingEX (formally RingCentral MVP) and RingCentral contact center solutions for the three months ended March 31, 2024 and 2023. For the three months ended March 31, 2024 and 2023, RingCentral contact center solutions represented over 10% of total revenues.
Deferred revenue
During the three months ended March 31, 2024, the Company recognized revenue of $140.8 million that was included in the corresponding deferred revenue balance at the beginning of the year.
Remaining performance obligations
The typical subscription term ranges from one month to five years. Contract revenue as of March 31, 2024 that has not yet been recognized was approximately $2.5 billion. This excludes contracts with an original expected length of less than one year. Of these remaining performance obligations, the Company expects to recognize revenue of 52% of this balance over the next 12 months and 48% thereafter.
Other revenues
Other revenues are primarily comprised of product revenue from the sale of pre-configured phones, and professional services. Product revenues from the sale of pre-configured phones were $13.1 million and $10.2 million for the three months ended March 31, 2024 and 2023, respectively