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REVENUE RECOGNITION (Tables)

6 Months Ended

Jul. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table provides a disaggregation of our recurring and nonrecurring revenue. Recurring revenue is the portion of our revenue that we believe is likely to be renewed in the future. The recurrence of these revenue streams in future periods depends on a number of factors including contractual periods and customers' renewal decisions.

•Recurring revenue primarily consists of:

◦Cloud revenue, which consists primarily of software as a service (“SaaS”) revenue and optional managed services revenue.

▪SaaS revenue consists predominately of bundled SaaS (software access rights with standard managed services) and unbundled SaaS (software licensing rights accounted for as term-based licenses whereby customers have a license to our software with related support for a specific period).

▪Bundled SaaS revenue is recognized over time.

▪Unbundled SaaS revenue is recognized at a point in time, except for the related support which is recognized over time. Unbundled SaaS contracts are eligible for renewal after the initial fixed term, which in most cases is between a one- and three-year time frame. Unbundled SaaS can be deployed in the cloud either by us or a cloud partner.

◦Support revenue, which consists of initial and renewal support.

•Nonrecurring revenue primarily consists of our perpetual licenses, hardware, installation services, and business advisory consulting and training services.

						Three Months Ended July 31,												Six Months Ended July 31,
(in thousands)						2022						2021						2022						2021
Recurring revenue:
Bundled SaaS revenue						$	54,679					$	42,940					$	103,964					$	82,249
Unbundled SaaS revenue						47,875						33,444						93,320						57,727
Optional managed services revenue						15,778						16,872						31,691						33,330
Total cloud revenue						118,332						93,256						228,975						173,306
Support revenue						48,108						62,922						96,832						127,325
Total recurring revenue						166,440						156,178						325,807						300,631
Nonrecurring revenue:
Perpetual revenue						30,790						32,349						64,048						61,672
Professional services revenue						25,669						26,090						50,950						53,218
Total nonrecurring revenue						56,459						58,439						114,998						114,890
Total revenue						$	222,899					$	214,617					$	440,805					$	415,521

Schedule of Contracts with Customers - Assets and Liabilities

The following table provides information about accounts receivable, contract assets, and contract liabilities from contracts with customers:

(in thousands)						July 31, 2022						January 31, 2022
Accounts receivable, net						$	148,472					$	193,831
Contract assets, net						$	43,092					$	42,688
Long-term contract assets, net (included in other assets)						$	34,327					$	30,510
Contract liabilities						$	229,317					$	271,271
Long-term contract liabilities						$	14,225					$	15,872

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table provides information about when we expect to recognize our remaining performance obligations:

(in thousands)						July 31, 2022						January 31, 2022
RPO:
Expected to be recognized within 1 year						$	418,233					$	447,428
Expected to be recognized in more than 1 year						278,201						274,404
Total RPO						$	696,434					$	721,832

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

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