Revenue Recognition |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenue Recognition | Revenue Recognition Disaggregation of Revenue The following table presents our revenues disaggregated by type of good or service (in thousands):
Deferred Revenue We recognized $142.3 million and $118.4 million of revenue during the three months ended March 31, 2024 and 2023, respectively, that was included in the deferred revenue balances at the beginning of the respective periods. Transaction Price Allocated to the Remaining Performance Obligations As of March 31, 2024, we expect revenue of approximately $931.8 million to be recognized from remaining performance obligations for subscription contracts. We expect to recognize approximately $515.0 million of these remaining performance obligations over the next 12 months with the balance substantially recognized in the 24 months thereafter.
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