v3.23.2
Revenue
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
Subscription and support revenue is recognized over time and accounted for substantially all of the Company’s revenue for the three and six months ended June 30, 2023 and 2022.
The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company’s global network and products:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue
United States$161,692 53 %$124,259 53 %$314,610 53 %$235,609 53 %
Europe, Middle East, and Africa
84,346 27 %61,147 26 %162,677 27 %116,939 26 %
Asia Pacific40,399 13 %32,755 14 %79,617 13 %62,680 14 %
Other22,057 7 %16,356 7 %41,765 7 %31,456 7 %
Total$308,494 100 %$234,517 100 %$598,669 100 %$446,684 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue
Channel partners
$47,148 15 %$28,933 12 %$88,151 15 %$53,289 12 %
Direct customers
261,346 85 %205,584 88 %510,518 85 %393,395 88 %
Total$308,494 100 %$234,517 100 %$598,669 100 %$446,684 100 %
Contract Balances
Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract. Such amounts are recognized as revenue over the contractual period. For the six months ended June 30, 2023 and 2022, the Company recognized revenue of $169.7 million and $92.8 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods presented.
The Company receives payments from customers based upon contractual billing schedules; accounts receivable are recorded when the right to consideration becomes unconditional. Standard payment terms are due upon receipt. Contract assets include amounts related to the Company’s contractual right to consideration for both completed and partially completed performance obligations that have not been invoiced.
The following table summarizes the activity of the deferred contract acquisition costs:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(in thousands)
Beginning balance$98,427 $76,266 $93,145 $70,320 
Capitalization of contract acquisition costs
23,957 14,996 43,348 30,604 
Amortization of deferred contract acquisition costs
(14,902)(10,556)(29,011)(20,218)
Ending balance$107,482 $80,706 $107,482 $80,706 
The Company did not recognize any impairment losses of deferred contract acquisition costs during the periods presented.
Remaining Performance Obligations
As of June 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,036.2 million. As of June 30, 2023, the Company expected to recognize 75% of its remaining performance obligations as revenue over the next 12 months with the remainder recognized thereafter.