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SEGMENT REPORTING
 6 Months Ended
Feb. 28, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company applies ASC 280, Segment Reporting, in determining reportable segments. The Company has two reportable segments: Software and Services. Segment information is presented in the same manner that the chief operating decision maker (“CODM”) reviews certain financial information based on these reportable segments. The CODM reviews revenue and gross profit for both of the reportable segments. Gross profit is defined as revenue less cost of revenue incurred by the segment.
No operating segments have been aggregated to form the reportable segments. The Company does not allocate assets at the reportable segment level, as these are managed on an entity-wide group basis and, accordingly, the Company does not report asset information by segment. The Company does not allocate operating expenses that are managed on an entity-wide group basis and, accordingly, the Company does not allocate and report operating expenses at a segment level. There are no internal revenue transactions between the Company’s segments.
The following tables summarize the results for each segment for the three months ended February 28, 2025, and February 29, 2024, respectively. Please refer to Results of Operations within MD&A for a discussion of results in below tables:
(in thousands)Three Months Ended February 28, 2025
SoftwareServicesTotal
Revenues$13,484 $8,948 $22,432 
Cost of revenues2,587 6,718 9,305 
Gross profit$10,897 $2,230 $13,127 
Gross margin81 %25 %59 %
Our software business and services business represented 60% and 40% of total revenue, respectively, for the three months ended February 28, 2025.
(in thousands)Three Months Ended February 29, 2024
SoftwareServicesTotal
Revenues$11,614 $6,691 $18,305 
Cost of revenues1,348 3,736 5,084 
Gross profit$10,266 $2,955 $13,221 
Gross margin88 %44 %72 %
Our software business and services business represented 63% and 37% of total revenue, respectively, for the three months ended February 29, 2024.
The following tables summarize the results for each segment for the six months ended February 28, 2025, and February 29, 2024, respectively. Please refer to Results of Operations within MD&A for a discussion of results in below tables:
(in thousands)Six Months Ended February 28, 2025
SoftwareServicesTotal
Revenues$24,199 $17,157 $41,356 
Cost of revenues5,225 12,786 18,011 
Gross profit$18,974 $4,371 $23,345 
Gross margin78 %25 %56 %
Our software business and services business represented 59% and 41% of total revenue, respectively, for the six months ended February 28, 2025.
(in thousands)Six Months Ended February 29, 2024
SoftwareServicesTotal
Revenues$19,203 $13,602 $32,805 
Cost of revenues2,339 7,397 9,736 
Gross profit$16,864 $6,205 $23,069 
Gross margin88 %46 %70 %
Our software business and services business represented 59% and 41% of total revenue, respectively, for the six months ended February 29, 2024.
The Company allocates revenues to geographic areas based on the locations of its customers. Geographical revenues for the three and six months ended February 28, 2025, and February 29, 2024, were as follows:
(in thousands)Three Months Ended
February 28, 2025February 29, 2024
$% of total $% of total
Americas$16,112 72 %$12,461 68 %
EMEA4,806 21 %4,665 25 %
Asia Pacific1,514 7 %1,179 6 %
Total$22,432 100 %$18,305 100 %
(in thousands)Six Months Ended
February 28, 2025February 29, 2024
$% of total*$% of total
Americas$30,581 74 %$23,353 71 %
EMEA7,526 18 %6,966 21 %
Asia Pacific3,249 8 %2,486 8 %
Total$41,356 100 %$32,805 100 %
*Percentages may not add due to rounding