Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.20.4
Revenue Recognition
9 Months Ended
Dec. 31, 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 December 31, Nine Months Ended December 31,
2020 2019 2020 2019
Amount % Amount % Amount % Amount %
North America $ 100,918  55  % $ 82,946  58  % $ 281,806  56  % $ 231,388  59  %
Europe, Middle East and Africa 55,945  31  % 39,676  28  % 154,868  30  % 107,494  27  %
Asia Pacific 20,643  11  % 16,231  11  % 56,854  11  % 44,414  11  %
Latin America 5,405  % 4,445  % 13,477  % 11,930  %
Total revenue $ 182,911  $ 143,298  $ 507,005  $ 395,226 
For the three and nine months ended December 31, 2020 and 2019, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $94.2 million and 51%, and $77.7 million and 54% of total revenue during the three months ended December 31, 2020 and 2019, respectively, and $263.3 million and 52%, and $218.1 million and 55% of total revenue for the nine months ended December 31, 2020 and 2019, respectively.
Deferred revenue
Revenues recognized from amounts included in deferred revenue as of March 31, 2020 were $123.7 million and $407.0 million during the three and nine months ended December 31, 2020, respectively. Revenues recognized from amounts included in deferred revenue as of March 31, 2019 were $60.7 million and $235.0 million during the three and nine months ended December 31, 2019, respectively.
Remaining performance obligations
As of December 31, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,050.6 million, which consists of both billed consideration in the amount of $471.9 million and unbilled consideration in the amount of $578.7 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 58% of this amount as revenue over the next twelve months and the remainder thereafter.