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SEGMENT REPORTING (Tables) | 9 Months Ended
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May 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the results for each segment for the three months ended May 31, 2024, and May 31, 2023:
(in thousands) |  | Three Months Ended May 31, 2024
|  | Software |  | Services |  | Total
Revenues |  | $ | 11,908 |  |  | $ | 6,636 |  |  | $ | 18,544 |
Cost of revenues |  | 1,400 |  |  | 3,887 |  |  | 5,287 |
Gross profit |  | $ | 10,508 |  |  | $ | 2,749 |  |  | $ | 13,257 |
Gross margin |  | 88 | % |  | 41 | % |  | 71 | %
Our software business and services business represented 64% and 36% of total revenue, respectively, for the three months ended May 31, 2024.
(in thousands) |  | Three Months Ended May 31, 2023
|  | Software |  | Services |  | Total
Revenues |  | $ | 10,632 |  |  | $ | 5,602 |  |  | $ | 16,234 |
Cost of revenues |  | 908 |  |  | 2,053 |  |  | 2,961 |
Gross profit |  | $ | 9,724 |  |  | $ | 3,549 |  |  | $ | 13,273 |
Gross margin |  | 91 | % |  | 63 | % |  | 82 | %
Our software business and services business represented 65% and 35% of total revenue, respectively, for the three months ended May 31, 2023. The following tables summarize the results for each segment for the nine months ended May 31, 2024, and May 31, 2023:
(in thousands) |  | Nine Months Ended May 31, 2024
|  | Software |  | Services |  | Total
Revenues |  | $ | 31,111 |  |  | $ | 20,238 |  |  | $ | 51,349 |
Cost of revenues |  | 3,739 |  |  | 11,284 |  |  | 15,023 |
Gross profit |  | $ | 27,372 |  |  | $ | 8,954 |  |  | $ | 36,326 |
Gross margin |  | 88 | % |  | 44 | % |  | 71 | %
Our software business and services business represented 61% and 39% of total revenue, respectively, for the nine months ended May 31, 2024.
(in thousands) |  | Nine Months Ended May 31, 2023
|  | Software |  | Services |  | Total
Revenues |  | $ | 27,193 |  |  | $ | 16,755 |  |  | $ | 43,948 |
Cost of revenues |  | 2,636 |  |  | 5,616 |  |  | 8,252 |
Gross profit |  | $ | 24,557 |  |  | $ | 11,139 |  |  | $ | 35,696 |
Gross margin |  | 90 | % |  | 66 | % |  | 81 | %
Our software business and services business represented 62% and 38% of total revenue, respectively, for the nine months ended May 31, 2023.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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