Segment and Revenue Disclosures (Tables)
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3 Months Ended |
Mar. 31, 2023 |
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| Revenue from Contract with Customer [Abstract] |
|
| Summary of Revenue by Geographic Region |
Revenue by geographic region is based on the delivery address of the customer and is summarized in the below table (in thousands):
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Three Months Ended March 31, |
|
2023 |
|
2022 |
| Americas |
$ |
34,112 |
|
|
$ |
24,751 |
|
| EMEA |
24,172 |
|
|
17,101 |
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| APAC |
4,859 |
|
|
6,241 |
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| Total revenue |
$ |
63,143 |
|
|
$ |
48,093 |
|
|
| Summary of Disaggregation of Revenue |
In the following table, revenue is presented by software license and service categories (in thousands):
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Three Months Ended March 31, |
|
2023 |
|
2022 |
| Revenue: |
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|
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| Multi-year term licenses |
$ |
15,264 |
|
|
$ |
8,186 |
|
1-year term licenses |
10,293 |
|
|
11,473 |
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| Total subscription term licenses |
25,557 |
|
|
19,659 |
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| Subscription SaaS, support & maintenance |
34,101 |
|
|
26,185 |
|
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|
|
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| Perpetual licenses |
65 |
|
|
86 |
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| Total subscriptions and perpetual licenses |
59,723 |
|
|
45,930 |
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| Professional services |
3,420 |
|
|
2,163 |
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| Total revenue |
$ |
63,143 |
|
|
$ |
48,093 |
|
|
| Summary of Contract Assets and Deferred Revenue |
Contract assets and deferred revenue from contracts with customers were as follows (in thousands):
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March 31,
2023 |
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December 31,
2022 |
| Contract assets |
$ |
27,472 |
|
|
$ |
25,242 |
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| Deferred revenue |
79,235 |
|
|
83,319 |
|
|
| Summary of Deferred Commissions |
The following table summarizes the account activity of deferred commissions for the three months ended March 31, 2023 and 2022:
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Three Months Ended March 31, |
|
2023 |
|
2022 |
| Beginning balance |
$ |
30,315 |
|
|
$ |
24,058 |
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| Additions to deferred commissions |
3,821 |
|
|
4,085 |
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| Amortization of deferred commissions |
(3,916) |
|
|
(3,991) |
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| Ending balance |
$ |
30,220 |
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|
$ |
24,152 |
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March 31,
2023 |
|
December 31,
2022 |
| Deferred commissions, current |
$ |
9,480 |
|
|
$ |
9,936 |
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| Deferred commissions, noncurrent |
20,740 |
|
|
20,379 |
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| Total deferred commissions |
$ |
30,220 |
|
|
$ |
30,315 |
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