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Deferred Revenue and Performance Obligations
 3 Months Ended
Apr. 30, 2024
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Performance Obligations Deferred Contract Costs
Deferred contract costs, which primarily consist of deferred sales commissions, were $44.1 million and $44.6 million as of April 30, 2024 and January 31, 2024, respectively. Amortization expense for deferred contract costs was $5.3 million and $5.0 million for the three months ended April 30, 2024 and 2023, respectively. There was no impairment charge related to the costs capitalized for the periods presented.
Deferred Revenue and Performance Obligations
The following table presents the changes to the Company’s deferred revenue:
Three Months Ended April 30,
20242023
(in thousands)
Deferred revenue, beginning of period$228,161 $209,051 
Billings106,604 96,000 
Revenue recognized(111,172)(103,246)
Deferred revenue, end of period$223,593 $201,805 
For the three months ended April 30, 2024 and 2023, the majority of revenue recognized was from the deferred revenue balances at the beginning of each quarter.
Transaction price allocated to the remaining performance obligations represents all future, non-cancelable contracted revenue that has not yet been recognized, inclusive of deferred revenue that has been invoiced and non-cancelable amounts that will be invoiced and recognized as revenue in future periods.
Beginning in the first quarter of fiscal 2025, the Company now includes contracts with an original term of less than 12 months in this disclosure which comprised $135.0 million of remaining non-cancelable performance obligations as of April 30, 2024.
As of April 30, 2024, total remaining non-cancelable performance obligations under cloud-hosted and term-license software subscription contracts with customers was approximately $388.0 million. Of this amount, the Company expects to recognize revenue of approximately $273.4 million, or 70%, over the next 12 months with the balance to be recognized as revenue thereafter