Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.20.2
Revenue Recognition
6 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of revenue
The following table is a summary of the Company’s total revenues by geographic region (in thousands, except percentages):
Three Months Ended September 30, Six Months Ended September 30,
2020 2019 2020 2019
Amount % Amount % Amount % Amount %
North America $ 93,511  56  % $ 77,245  59  % $ 180,888  56  % $ 148,442  59  %
Europe, Middle East and Africa 51,852  31  % 34,317  27  % 98,923  31  % 67,818  27  %
Asia Pacific 19,271  11  % 13,747  11  % 36,211  11  % 28,182  11  %
Latin America 3,952  % 4,069  % 8,072  % 7,486  %
Total revenue $ 168,586  $ 129,378  $ 324,094  $ 251,928 
For the three and six months ended September 30, 2020 and 2019, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $87.1 million and 52%, and $73.0 million and 56% of total revenue during the three months ended September 30, 2020 and 2019, respectively, and $169.1 million and 52%, and $140.4 million and 56% of total revenue for the six months ended September 30, 2020 and 2019, respectively.
Deferred revenue
Revenues recognized from amounts included in deferred revenue as of March 31, 2020 were $137.0 million and $283.3 million during the three and six months ended September 30, 2020, respectively. Revenues recognized from amounts included in deferred revenue as of March 31, 2019 were $73.7 million and $174.3 million during the three and six months ended September 30, 2019, respectively.
Remaining performance obligations
As of September 30, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $880.0 million, which consists of both billed consideration in the amount of $394.2 million and unbilled consideration in the amount of $485.8 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 59% of this amount as revenue over the next twelve months and the remainder thereafter.