Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.21.2
Revenue Recognition
3 Months Ended
Jun. 30, 2021
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 June 30,
2021 2020
Amount % Amount %
North America $ 112,772  53  % $ 87,377  56  %
Europe, Middle East and Africa 67,044  32  % 47,071  30  %
Asia Pacific 22,136  11  % 16,940  11  %
Latin America 7,788  % 4,120  %
Total revenue $ 209,740  $ 155,508 
For the three months ended June 30, 2021 and 2020, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $104.5 million and 50% and $82.0 million and 53% of total revenue during the three months ended June 30, 2021 and 2020, respectively.
Deferred revenue
Revenues recognized during the three months ended June 30, 2021 and 2020 which was included in the deferred revenue balances at the beginning of each respective period, was $199.5 million and $146.3 million, respectively.
Remaining performance obligations
As of June 30, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,252.0 million, which consists of both billed consideration in the amount of $519.7 million and unbilled consideration in the amount of $732.3 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 57% of this amount as revenue over the next twelve months and the remainder thereafter.