Guidewire Software (GWRE) 10-Q 9 Dec 20 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Oct. 31, 2020	Nov. 30, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2020
Document Transition Report	false
Entity File Number	001-35394
Entity Registrant Name	Guidewire Software, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4468504
Entity Address, Address Line One	2850 S. Delaware St., Suite 400
Entity Address, City or Town	San Mateo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94403
City Area Code	650
Local Phone Number	357-9100
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	GWRE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		83,754,179
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001528396
Current Fiscal Year End Date	--07-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 293,836	$ 366,969
Short-term investments	856,376	766,527
Accounts receivable, net of allowances of $1,233 and $1,276, respectively	78,295	114,242
Unbilled accounts receivable, net	74,837	49,491
Prepaid expenses and other current assets	45,751	45,989
Total current assets	1,349,095	1,343,218
Long-term investments	254,954	300,771
Unbilled accounts receivable, net	34,605	34,737
Property and equipment, net	67,416	65,235
Operating lease assets	108,378	103,797
Intangible assets, net	33,385	39,708
Goodwill	340,877	340,877
Deferred tax assets, net	113,735	101,565
Other assets	36,512	34,944
TOTAL ASSETS	2,338,957	2,364,852
CURRENT LIABILITIES:
Accounts payable	21,855	22,634
Accrued employee compensation	45,000	58,547
Deferred revenue, net	95,930	118,311
Other current liabilities	22,838	25,706
Total current liabilities	185,623	225,198
Lease liabilities	125,536	119,408
Convertible senior notes, net	333,543	330,208
Deferred revenue, net	13,420	14,685
Other liabilities	20,974	18,585
Total liabilities	679,096	708,084
STOCKHOLDERS’ EQUITY:
Common stock	8	8
Additional paid-in capital	1,529,160	1,499,050
Accumulated other comprehensive income (loss)	(7,073)	(5,246)
Retained earnings	137,766	162,956
Total stockholders’ equity	1,659,861	1,656,768
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,338,957	$ 2,364,852

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 1,233	$ 1,276

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Revenue:
Total revenue	$ 169,802	$ 157,010
Cost of revenue:
Total cost of revenue	90,967	80,856
Gross profit:
Subscription and support	20,960	24,098
License	62,346	51,806
Services	(4,471)	250
Total gross profit	78,835	76,154
Operating expenses:
Research and development	52,615	46,496
Sales and marketing	36,644	33,016
General and administrative	21,180	21,239
Total operating expenses	110,439	100,751
Income (loss) from operations	(31,604)	(24,597)
Interest income	2,789	7,636
Interest expense	(4,620)	(4,429)
Other income (expense), net	2,568	(251)
Income (loss) before provision for (benefit from) income taxes	(30,867)	(21,641)
Provision for (benefit from) income taxes	(10,677)	(6,650)
Net income (loss)	$ (20,190)	$ (14,991)
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.24)	$ (0.18)
Diluted (in dollars per share)	$ (0.24)	$ (0.18)
Shares used in computing earnings (loss) per share:
Basic (in shares)	83,613,287	82,360,891
Diluted (in shares)	83,613,287	82,360,891
Subscription and support
Revenue:
Total revenue	$ 57,966	$ 49,031
Cost of revenue:
Total cost of revenue	37,006	24,933
License
Revenue:
Total revenue	65,283	54,363
Cost of revenue:
Total cost of revenue	2,937	2,557
Services
Revenue:
Total revenue	46,553	53,616
Cost of revenue:
Total cost of revenue	$ 51,024	$ 53,366

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (20,190)	$ (14,991)
Foreign currency translation adjustments	(694)	133
Unrealized gains (losses) on available-for-sale securities	(1,839)	1,331
Tax benefit (expense) on unrealized gains (losses) on available-for-sale securities	359	(328)
Reclassification adjustment for realized gains (losses) included in net income (loss)	347	46
Total other comprehensive income (loss)	(1,827)	1,182
Comprehensive income (loss)	$ (22,017)	$ (13,809)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Adoption of Accounting Standards Update ("ASU") 2018-02	Common stockCommon stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss)Adoption of Accounting Standards Update ("ASU") 2018-02	Retained Earnings	Retained EarningsAdoption of Accounting Standards Update ("ASU") 2018-02
Beginning balance (in shares) at Jul. 31, 2019			82,140,883
Beginning balance at Jul. 31, 2019	$ 1,574,201	$ 0	$ 8	$ 1,391,904	$ (7,758)	$ (107)	$ 190,047	$ 107
Net loss	(14,991)						(14,991)
Issuance of common stock upon exercise of stock options (in shares)			21,698
Issuance of common stock upon exercise of stock options	368			368
Issuance of common stock upon vesting of Restricted Stock Units (RSU) (in shares)			411,825
Issuance of common stock upon vesting of Restricted Stock Units (“RSUs”)	0
Stock-based compensation	24,765			24,765
Foreign currency translation adjustment	133				133
Unrealized gain (loss) on available-for-sale securities, net of tax	1,003				1,003
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	46				46
Ending balance (in shares) at Oct. 31, 2019			82,574,406
Ending balance at Oct. 31, 2019	1,585,525		$ 8	1,417,037	(6,683)		175,163
Beginning balance (in shares) at Jul. 31, 2020			83,461,925
Beginning balance at Jul. 31, 2020	1,656,768		$ 8	1,499,050	(5,246)		162,956
Net loss	$ (20,190)						(20,190)
Issuance of common stock upon exercise of stock options (in shares)	39,169		39,169
Issuance of common stock upon exercise of stock options	$ 1,716			1,716
Issuance of common stock upon vesting of Restricted Stock Units (RSU) (in shares)			339,759
Issuance of common stock upon vesting of Restricted Stock Units (“RSUs”)	0
Stock-based compensation	28,394			28,394
Repurchase and retirement of common stock (in shares)			(48,997)
Repurchase and retirement of common stock	(5,000)						(5,000)
Foreign currency translation adjustment	(694)				(694)
Unrealized gain (loss) on available-for-sale securities, net of tax	(1,480)				(1,480)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	347				347
Ending balance (in shares) at Oct. 31, 2020			83,791,856
Ending balance at Oct. 31, 2020	$ 1,659,861		$ 8	$ 1,529,160	$ (7,073)		$ 137,766

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (20,190)	$ (14,991)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	10,537	10,886
Amortization of debt discount and issuance costs	3,335	3,156
Stock-based compensation	28,084	24,558
Net changes to revenue reserves	(43)	357
Deferred income tax	(11,827)	(7,375)
Amortization of premium (accretion of discount) on available-for-sale securities, net	1,390	(1,360)
Other non-cash items affecting net income (loss)	(10)	0
Changes in operating assets and liabilities:
Accounts receivable	35,924	58,567
Unbilled accounts receivable	(25,214)	(23,103)
Prepaid expenses and other assets	313	(1,446)
Operating lease assets	(4,581)	2,340
Accounts payable	(2,198)	(3,009)
Accrued employee compensation	(13,513)	(39,780)
Deferred revenue	(23,646)	(24,709)
Lease liabilities	6,772	285
Other liabilities	(840)	(2,514)
Net cash provided by (used in) operating activities	(15,707)	(18,138)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(346,405)	(406,762)
Sales of available-for-sale securities	57,903	57,054
Maturities of available-for-sale securities	241,591	303,183
Purchases of property and equipment	(1,907)	(9,625)
Capitalized software development costs	(2,581)	(1,346)
Acquisition of strategic investments	(2,000)	0
Net cash provided by (used in) investing activities	(53,399)	(57,496)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock upon exercise of stock options	1,716	368
Repurchase and retirement of common stock	(5,000)	0
Net cash provided by (used in) financing activities	(3,284)	368
Effect of foreign exchange rate changes on cash and cash equivalents	(743)	254
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(73,133)	(75,012)
CASH AND CASH EQUIVALENTS—Beginning of period	366,969	254,101
CASH AND CASH EQUIVALENTS—End of period	293,836	179,089
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	2,500	2,500
Cash paid for income taxes, net of tax refunds	990	1,061
Accruals for purchase of property and equipment	343	5,167
Accruals for capitalized software costs	$ 112	$ 95

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies and Estimates	3 Months Ended
	Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Summary of Significant Accounting Policies and Estimates	The Company and Summary of Significant Accounting Policies and Estimates Company Guidewire Software, Inc., a Delaware corporation, was incorporated on September 20, 2001. Guidewire Software, Inc., together with its subsidiaries (the “Company”), provides a technology platform, which combines core operations, digital engagement, analytics, and artificial intelligence ("AI") applications. The Company's technology platform supports core insurance operations, including underwriting and policy administration, claim management and billing; insights into data that can improve business decision making; and digital sales, service and claims experiences for policyholders, agents, and other key stakeholders. The Company’s customers are primarily property and casualty insurance carriers. Basis of Presentation and Consolidation The condensed consolidated financial statements and accompanying notes include the Company and its wholly-owned subsidiaries and reflect all adjustments (all of which are normal and recurring in nature) that, in the opinion of management, are necessary for a fair presentation of the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. Certain information and disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted under the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and related notes, together with management’s discussion and analysis of financial condition and results of operations, presented in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2020. There have been no changes in the Company’s significant accounting policies from those that were disclosed in the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K. Reclassification Beginning with the Annual Report on Form 10-K for fiscal year 2020, the Company changed the presentation in the consolidated statements of operations for revenue and cost of revenue to include subtotals for "subscription and support," "license," and "services". The Company's previous presentation included subtotals for "license and subscription," "maintenance" (now referred to as "support"), and "services". Accordingly, prior period amounts have been reclassified to conform to the current period presentation in the Company's condensed consolidated financial statements and the accompanying notes. Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Significant items subject to such estimates include, but are not limited to, revenue recognition, the useful lives of property and equipment and intangible assets, accounts receivable allowances, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, fair value of convertible senior notes and investments, valuation of goodwill and intangible assets, fair value of acquired assets and assumed liabilities, software development costs to be capitalized, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ from these estimates. Foreign Currency The functional currency of the Company’s foreign subsidiaries is their respective local currency. The Company translates all assets and liabilities of foreign subsidiaries to U.S. dollars at the current exchange rate as of the applicable balance sheet date. Revenue and expenses are translated at the average exchange rate prevailing during the period in which the transactions occur. The effects of foreign currency translations are recorded in accumulated other comprehensive income (loss) as a separate component of stockholders' equity in the accompanying condensed consolidated balance sheets. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency of the recording entity are included in other income (expense) in the condensed consolidated statements of operations. Cash and Cash Equivalents Cash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. Cash equivalents primarily consist of commercial paper and money market funds. Investments Management determines the appropriate classification of investments at the time of purchase based upon management’s intent with regard to such investments. All investments in the periods presented have been classified as available-for-sale. The Company classifies investments as short-term when they have remaining contractual maturities of one year or less from the balance sheet date, and as long-term when the investments have remaining contractual maturities of more than one year from the balance sheet date. Investments are recorded at fair value with unrealized gains and losses, net of taxes, generally included in accumulated other comprehensive income (loss). Unrealized losses that are related to the credit worthiness of an investment are recorded in other income (expense), net on the condensed consolidated statements of operations. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Maintenance and repairs that do not extend the life or improve an asset are expensed in the period incurred. The estimated useful lives of property and equipment are as follows: Computer hardware 3 years Purchased software 3 years Equipment and machinery 3 to 5 years Furniture and fixtures 5 years Leasehold improvements Shorter of 10 years or remaining lease term Software Development Costs Certain development costs related to software delivered to customers ("self-managed software") incurred subsequent to the establishment of technological feasibility are subject to capitalization and amortized over the estimated lives of the related products. Technological feasibility is established upon completion of a working model. Costs incurred subsequent to the establishment of technological feasibility have not been material and, therefore, all software development costs related to self-managed software have been charged to research and development expense in the condensed consolidated statements of operations as incurred. For qualifying costs incurred for computer software developed for internal use, which includes software used to deliver subscription services exclusively through the cloud, the Company begins to capitalize costs when preliminary development efforts are successfully completed, management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended. If any of these criteria cease being met before the software reaches its intended use, any capitalized costs related to the project will be impaired. When the software reaches its intended use, capitalized costs are amortized to cost of revenue over the estimated useful lives of the related assets, generally estimated to be three Leases On August 1, 2019, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 842: Leases (“ASC 842") using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Under ASC 842, the Company determines if an arrangement is a lease at inception of the agreement. If an arrangement is determined to be a lease, an operating lease asset, also known as a right-of-use asset, and lease liability are recorded based on the present value of lease payments over the lease term. In connection with determining the present value of the lease payments, the Company considers only payments that are fixed and determinable at the time of commencement, including non-lease components that are fixed throughout the lease term. Variable components of the lease payments such as utilities and maintenance costs, are expensed as incurred and not included in determining the present value of the lease liability. As the Company's leases generally do not provide an implicit rate, the Company's incremental borrowing rate, calculated based on available information at the lease commencement date, is used in determining the present value of the lease payments. The Company's incremental borrowing rate is a hypothetical rate based on the Company's understanding of its credit rating. The Company's lease term used to calculate the lease liability and operating lease asset includes options to extend or terminate the lease if it is reasonably certain the Company will exercise that option. Operating lease assets also include any lease payments made prior to commencement and are recorded net of any lease incentives received. Lease expense is recognized on a straight-line basis over the lease term and is reflected in the condensed consolidated statements of operations in each of the cost of revenue and operating expense categories. The Company also enters into agreements to sublease unoccupied office space. Any sublease payments received in excess of the straight-line rent expense related to the subleased space are recorded as an offset to operating expenses over the sublease term. Operating leases are included in operating lease assets, other current liabilities, and lease liabilities on the condensed consolidated balance sheets. Impairment of Long-Lived Assets, Intangible Assets, and Goodwill The Company evaluates its long-lived assets, consisting of property and equipment, operating lease assets, and intangible assets for indicators of possible impairment when events or changes in circumstances indicate that the carrying amount of certain assets may not be recoverable. Impairment exists if the carrying amount of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the assets over the estimated fair value of the assets. The Company tests goodwill for impairment annually, during the fourth quarter of each fiscal year, and in the interim whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company evaluates qualitative factors to determine whether it is more likely than not that the fair value of the Company’s single reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. In performing the qualitative assessment, the Company considers events and circumstances, including, but not limited to, macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a reporting unit’s net assets, and changes in the price of the Company’s common stock. If, after assessing the totality of events or circumstances, the Company determines that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then the two-step goodwill impairment test is not performed. There have been no goodwill impairments during the periods presented. Convertible Senior Notes In March 2018, the Company issued $400.0 million aggregate principal amount of 1.25% Convertible Senior Notes due 2025 (the “Convertible Senior Notes”). The Company accounts for the liability and equity components of the issued Convertible Senior Notes separately. The carrying amount of the equity component, representing the conversion option, was determined by deducting the fair value of the liability component from the par value of the Convertible Senior Notes as a whole. This difference represents a debt discount that is amortized to interest expense using the effective interest method over the term of the Convertible Senior Notes. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The liability and equity components will not be remeasured as long as the conversion option continues to meet the requirements for equity classification. The equity component is net of issuance costs and recorded in additional paid-in capital. Business Combinations The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. Goodwill is calculated as the difference between the acquisition date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed. The Company’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and subject to refinement and, as a result, actual results may differ from estimates. During the measurement period, which may be up to one year from the acquisition date, if new information is obtained about facts and circumstances that existed as of the acquisition date, the Company may record adjustments to the fair value of these assets and liabilities, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired and liabilities assumed, whichever comes first, subsequent adjustments, if any, are recorded in the condensed consolidated statements of operations. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, accounts receivable and unbilled accounts receivable. The Company maintains its cash, cash equivalents, and investments with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded in the condensed consolidated balance sheets are in excess of amounts that are insured by the Federal Deposit Insurance Corporation. One customer accounted for 10% or more of the Company’s revenue for the three months ended October 31, 2020, and no customer accounted for 10% or more of the Company’s revenue for the three months ended October 31, 2019. One customer accounted for 10% or more of the Company's accounts receivable as of October 31, 2020, and no customer accounted for 10% or more of the Company's accounts receivable as of July 31, 2020. Accounts Receivable and Allowances Accounts receivable are recorded at invoiced amounts and do not bear interest. While the Company does not require collateral, the Company performs ongoing credit evaluations of its customers. The Company maintains an allowance for credit losses based upon the expected collectability of its accounts receivable. The expectation of collectability is based on historical loss patterns, the number of days that billings are past due, and an evaluation of the potential risk of loss associated with delinquent accounts. Credit losses are recorded in general and administrative expense while billing and other revenue adjustments are recorded against the corresponding revenue financial statement line item in the condensed consolidated statements of operations. Revenue Recognition The Company’s revenue is derived from contracts with customers. The majority of the Company’s revenue is derived from subscriptions to its cloud services, licensing arrangements for its software, and implementation and other professional services arrangements. The Company accounts for revenue in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606"), which the Company adopted on August 1, 2018. The core principle of ASC 606 is to recognize revenue upon the transfer of services or products to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company applies the following framework to recognize revenue: Identification of the contract, or contracts, with the customer The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts under ASC 606. The Company determines it has a contract with a customer when the contract is approved, the Company can identify each party’s rights regarding the services and products to be transferred, the Company can identify the payment terms for the services and products, the Company has determined that the customer has the ability and intent to pay, and the contract has commercial substance. In general, contract terms will be reflected in a written document that is signed by both parties. At contract inception, the Company evaluates whether two or more contracts should be combined and accounted for as a single contract. The Company also evaluates the customer’s ability and intent to pay, which is based on a variety of factors, including the customer’s historical payment experience or, in the case of a new customer, credit and financial information pertaining to the customer. Contracts may be modified to account for changes in contract scope or price. The Company considers contract modifications to exist when the modification either creates new rights or obligations or changes the existing enforceable rights and obligations of either party. Contract modifications for services and products that are distinct from the existing contract and are priced commensurate with their standalone selling price are treated as separate contracts, and are accounted for prospectively. Contract modifications for services and products that are distinct but are not priced commensurate with their standalone selling price or are not distinct from the existing contract may affect the initial transaction price or the allocation of the transaction price to the performance obligations in the contract. In such cases, revenue recognized may be adjusted. Identification of the performance obligation in the contract Performance obligations promised in a contract are identified based on the services or products that will be transferred to the customer that are both: i. capable of being distinct, whereby the customer can benefit from the service or product either on its own or together with other resources that are readily available from the Company or third parties, and ii. distinct in the context of the contract, whereby the transfer of the service or product is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are accounted for as a combined performance obligation. The Company generates revenue from the following sources, which generally represent the performance obligations of the Company: i. Subscription services related to the Company's Software-as-a-Service ("SaaS") offerings, including hosting; ii. Support activities that consist of email and phone support, bug fixes, and unspecified software updates and upgrades released when, and if, available during the support term; iii. Self-managed software licenses related to term or perpetual agreements; and iv. Services related to the implementation and configuration of the Company’s services and products, reimbursable travel, and training. Subscriptions are typically sold with a three-to-five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year. Determination of the transaction price The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the customer. Consideration may vary due to discounts, incentives, and potential service level credits or contractual penalties. Variable consideration is estimated and included in the transaction price if, in the Company’s judgment, it is probable that there will not be a significant future reversal of cumulative revenue under the contract. Self-managed software licenses and subscription services may be subject to either fixed or variable installments. Variable installments are generally subject to changes in a customer’s Direct Written Premium (“DWP”) or a customer’s Gross Written Premium (“GWP”). When consideration is subject to variable installments, the Company estimates variable consideration using the expected value method based on historical DWP or GWP usage to the extent that a significant revenue reversal is not probable to occur. When consideration is subject to a customer termination right, the Company estimates the total transaction price using the most likely method, and defers consideration associated with the customer’s termination right until it expires. The Company elected the practical expedient to evaluate whether a significant financing component exists when the contract term is greater than one year and the timing of revenue recognition occurs in advance of invoicing. This timing difference occurs when control of the software license is transferred at a point in time, usually at the contract onset, but the customer payments occur over time. A significant financing component generally does not exist under the Company’s standard contracting and billing practices. For example, the Company’s typical time-based licenses have a two-year initial term with the final payment due at the end of the first year and the Company's typical subscription services are generally billed in advance of providing the services. Allocation of the transaction price to the performance obligations in the contract If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its standalone selling price (“SSP”) in relation to the total fair value of all performance obligations in the arrangement. The majority of the Company’s contracts contain multiple performance obligations, such as when licenses are sold with support, implementation services or training services. Additionally, as customers transition to subscription services, customers may be under contract for both self-managed licenses and subscription services for a period of time, which may require an allocation of the transaction price to each performance obligation. Some of the Company’s performance obligations, such as support, implementation services, and training services, have observable inputs that are used to determine the SSP of those distinct performance obligations. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs. In the circumstances when available information to determine SSP is highly variable or uncertain, such as for our term licenses, the Company will use the residual method. Recognition of revenue when, or as, the Company satisfies a performance obligation The Company recognizes revenue when control of the services or products are transferred to a customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time. Performance obligations satisfied at a point in time Self-managed software licenses Self-managed term and perpetual software licenses comprise the majority of distinct performance obligations that are satisfied at a point in time. Revenue is recognized at the point in which the self-managed software licenses are made available to a customer. Consideration for self-managed software licenses is typically billed in advance on an annual basis over the license term. Performance obligations satisfied over a period of time Subscriptions, support activities, and professional service arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time. Subscription arrangements Revenue from subscription arrangements is recognized ratably over the subscription period using a time-based measure of progress as customers receive the benefits from their subscriptions over the contractually agreed-upon term. The Company’s subscription arrangements are generally three to five years in duration. Consideration from subscription arrangements is typically billed in advance on an annual basis over the contract period. Support activities Revenue from support activities associated with self-managed licenses is a stand-ready obligation, which is recognized over the contractually agreed-upon term using a time-based measure of progress as customers receive benefits from the availability of support technicians over the support period. Consideration for support activities is typically billed in advance on an annual basis. The Company’s support activities are consistently priced as a percentage of the associated self-managed software license. Services Revenue from professional service arrangements is recognized over the service period as the underlying services are performed. In substantially all of the Company’s professional service contracts, services are separately identifiable performance obligations for which related revenue and costs are recognized according to when each service obligation is delivered. Substantially all professional services engagements are billed and recognized on a time and materials basis. In select situations, the Company will contract professional services on a fixed fee basis, where the Company generally recognizes services revenue over time, using an input method. The measure of progress of the professional services being provided under these fixed fee arrangements is based on hours incurred compared to estimates of the total hours to complete the performance obligation. When professional services are sold with a self-managed license or subscription arrangement, the Company evaluates whether the performance obligations are distinct or separately identifiable, or whether they constitute a single performance obligation. In the limited cases where professional services are not considered to be distinct from the self-managed license or subscription services, the Company will recognize revenue based on the nature and term of the combined performance obligation when control of the combined performance obligation is transferred to the customer. Balance Sheet Presentation Contracts with customers are reflected in the condensed consolidated balance sheets as follows: • Accounts receivable, net represents amounts billed to customers in accordance with contract terms for which payment has not yet been received. It is presented net of allowances as part of current assets in the condensed consolidated balance sheets. • Unbilled accounts receivable, net represents amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This situation typically occurs when the Company transfers control of self-managed software licenses to customers up-front, but invoices customers annually over the term of the license. Unbilled accounts receivable is classified as either current or non-current based on the duration of remaining time between the date of the condensed consolidated balance sheets and the anticipated due date of the underlying receivables. Unbilled accounts receivable is evaluated for credit losses based upon the expected collectability of future accounts receivable, customer payment history, global economic conditions, and ongoing credit evaluations of customers. Unbilled accounts receivable is presented net of allowance for credit losses, if applicable, in the condensed consolidated balance sheets. This balance represents contract assets. • Contract costs include customer acquisition costs, which consist primarily of sales commissions paid to sales personnel and their related payroll taxes and referral fees paid to third-parties, and costs to fulfill a contract, which consist primarily of royalties payable to third-party software providers that support both the Company’s software offerings and support services. The short-term portion is presented as prepaid and other current assets. The long-term portion is presented as other assets. • Deferred costs represent costs related to our professional services that have been deferred to align with revenue recognition. The short-term portion is presented as prepaid and other current assets. The long-term portion is presented as other assets. • Deferred revenue, net represents amounts that have been invoiced and for which the Company has the right to bill, but that have not been recognized as revenue because the related services or products have not been transferred to the customer. Deferred revenue that will be realized during the 12-month period following the date of the condensed consolidated balance sheets is recorded as current. The remaining deferred revenue is recorded as non-current. This balance represents contract liabilities. The Company may receive consideration from its customers in advance of performance on a portion of the contract and, on another portion of the contract, perform in advance of receiving consideration. Contract assets and liabilities related to rights and obligations in a contract are interdependent. Therefore, contract assets and liabilities are presented net at the contract level, as either a single contract asset or a single contract liability, in the consolidated balance sheets. Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. The Company excludes amounts related to professional services contracts that are on a time and materials basis from remaining performance obligations. Contract Costs Contract costs consists of two components, customer acquisition costs and costs to fulfill a contract. Customer acquisition costs are capitalized only if the costs are incrementally incurred to obtain a customer contract and the expected amortization period is greater than one year. Contract costs are classified as either current or non-current based on the duration of time remaining between the date of the condensed consolidated balance sheets and the anticipated amortization date of the associated costs. Capitalized customer acquisition costs related to software licenses, subscriptions, and support services are amortized over the anticipated period of time that such goods and services are expected to be provided to a customer, which the Company estimates to be approximately five years. The amortization of customer acquisition costs is classified as a sales and marketing expense in the condensed consolidated statement of operations. Costs to fulfill a contract, or fulfillment costs, are only capitalize

Revenue

Revenue	3 Months Ended
	Oct. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue Revenue by revenue type and by geography is as follows (in thousands): Three Months Ended October 31, 2020 Subscription and support License Services Total Geography: United States $ 39,013 $ 40,977 $ 32,360 $ 112,350 Canada 7,142 10,753 1,137 19,032 Other Americas 1,113 235 1,846 3,194 Total Americas 47,268 51,965 35,343 134,576 United Kingdom 2,030 8,299 1,315 11,644 Other EMEA 5,120 803 6,978 12,901 Total EMEA 7,150 9,102 8,293 24,545 Total APAC 3,548 4,216 2,917 10,681 Total revenue $ 57,966 $ 65,283 $ 46,553 $ 169,802 Three Months Ended October 31, 2019 Subscription and support License Services Total Geography: United States $ 33,646 $ 27,467 $ 37,328 $ 98,441 Canada 4,545 8,990 1,250 14,785 Other Americas 1,085 234 2,169 3,488 Total Americas 39,276 36,691 40,747 116,714 United Kingdom 2,080 5,540 2,314 9,934 Other EMEA 4,341 726 6,049 11,116 Total EMEA 6,421 6,266 8,363 21,050 Total APAC 3,334 11,406 4,506 19,246 Total revenue $ 49,031 $ 54,363 $ 53,616 $ 157,010 No country or region, other than those presented above, accounted for more than 10% of revenue during the three months ended October 31, 2020 and 2019. Revenue by license or service type is as follows (in thousands): Three Months Ended October 31, 2020 2019 Subscription and Support Subscription $ 37,230 $ 28,060 Support 20,736 20,971 License Term license 65,225 54,314 Perpetual license 58 49 Services 46,553 53,616 Total revenue $ 169,802 $ 157,010 Customer Contract - Related Balance Sheet Amounts Amounts related to customer contract-related arrangements are included in the condensed consolidated balance sheets as follows (in thousands): October 31, 2020 July 31, 2020 Unbilled accounts receivable, net $ 109,442 $ 84,228 Contract costs, net 33,849 34,809 Deferred revenue, net 109,350 132,996 As of October 31, 2020 and July 31, 2020, there was no allowance for credit losses associated with unbilled accounts receivable. Contract costs The current portion of contract costs in the amount of $10.0 million and $9.6 million is included in prepaid and other current assets in the Company’s condensed consolidated balance sheets as of October 31, 2020 and July 31, 2020, respectively. The non-current portion of contract costs in the amount of $23.8 million and $25.2 million is included in other assets in the Company’s condensed consolidated balance sheets as of October 31, 2020 and July 31, 2020, respectively. The Company amortized $2.2 million and $1.4 million of contract costs during the three months ended October 31, 2020 and 2019, respectively. Deferred revenue During the three months ended October 31, 2020, the Company recognized revenue of approximately $47 million related to the Company’s deferred revenue balance reported as of July 31, 2020. Performance Obligations The aggregate amount of consideration allocated to performance obligations either not satisfied or partially satisfied was approximately $539 million as of October 31, 2020. Subscription services are typically satisfied over three to five years, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services under time and material contracts are not included in the performance obligations calculation as these arrangements can be cancelled at any time.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Available-for-sale investments within cash equivalents and investments consist of the following (in thousands): October 31, 2020 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Government agency securities $ 209,058 $ 132 $ (74) $ 209,116 Commercial paper 225,521 — — 225,521 Corporate bonds 446,845 2,297 (12) 449,130 U.S. Government bonds 154,795 339 (8) 155,126 Asset-backed securities 47,369 149 — 47,518 Foreign government bonds 7,474 1 (3) 7,472 Certificates of deposit 73,148 — — 73,148 Money market funds 173,069 — — 173,069 Total $ 1,337,279 $ 2,918 $ (97) $ 1,340,100 July 31, 2020 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Government agency securities $ 242,153 $ 202 $ (81) $ 242,274 Commercial paper 222,578 — — 222,578 Corporate bonds 474,646 3,448 (38) 478,056 U.S. Government bonds 68,332 476 — 68,808 Asset-backed securities 58,564 306 — 58,870 Certificates of deposit 56,296 — — 56,296 Money market funds 231,063 — — 231,063 Total $ 1,353,632 $ 4,432 $ (119) $ 1,357,945 The Company does not consider any portion of the unrealized losses at October 31, 2020 to be credit losses. The Company has recorded the securities at fair value in its condensed consolidated balance sheets, with unrealized gains and losses reported as a component of accumulated other comprehensive income (loss). The amount of realized gains and losses reclassified into earnings are based on the specific identification of the securities sold. The realized gains and losses from sales of securities in the periods presented were not material. The following table summarizes the contractual maturities of the Company’s available-for-sale investments measured at fair value (in thousands): October 31, 2020 Less Than 12 Months 12 Months or Greater Total U.S. Government agency securities $ 143,491 $ 65,625 $ 209,116 Commercial paper 225,521 — 225,521 Corporate bonds 339,403 109,727 449,130 U.S. Government bonds 134,771 20,355 155,126 Asset-backed securities 2,494 45,024 47,518 Foreign government bonds — 7,472 7,472 Certificates of deposit 67,398 5,750 73,148 Money market funds 173,069 — 173,069 Total $ 1,086,147 $ 253,953 $ 1,340,100 Fair Value Measurement Fair value is defined as the exchange price that would be received for an asset or an exit price paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The Company applies the three-level valuation hierarchy when measuring the fair value of certain assets and liabilities: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2—Inputs other than quoted prices included within Level 1 that are observable, unadjusted quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; and Level 3—Unobservable inputs that are supported by little or no market activity, which require the Company to develop its own assumptions. Available-for-sale investments The following tables summarize the Company’s available-for-sale investments measured at fair value, by level within the fair value hierarchy (in thousands): October 31, 2020 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 41,688 $ — $ 41,688 U.S. Government bonds — 15,013 — 15,013 Money market funds 173,069 — — 173,069 Total cash equivalents 173,069 56,701 — 229,770 Short-term investments: U.S. Government agency securities — 143,491 — 143,491 Commercial paper — 183,833 — 183,833 Corporate bonds — 339,403 — 339,403 U.S. Government bonds — 119,758 — 119,758 Asset-backed securities — 2,494 — 2,494 Certificates of deposit — 67,398 — 67,398 Total short-term investments — 856,377 — 856,377 Long-term investments: U.S. Government agency securities — 65,625 — 65,625 Corporate bonds — 109,727 — 109,727 U.S. Government bonds — 20,355 — 20,355 Asset-backed securities — 45,024 — 45,024 Foreign government bonds — 7,472 — 7,472 Certificates of deposit — 5,750 — 5,750 Total long-term investments — 253,953 — 253,953 Total $ 173,069 $ 1,167,031 $ — $ 1,340,100 July 31, 2020 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 60,584 $ — $ 60,584 Money market funds 231,063 — — 231,063 Total cash equivalents 231,063 60,584 — 291,647 Short-term investments: U.S. Government agency securities — 110,089 — 110,089 Commercial paper — 161,994 — 161,994 Corporate bonds — 358,175 — 358,175 U.S. Government bonds — 63,773 — 63,773 Asset-backed securities — 25,448 — 25,448 Certificates of deposit — 47,048 — 47,048 Total short-term investments — 766,527 — 766,527 Long-term investments: U.S. Government agency securities — 132,185 — 132,185 Corporate bonds — 119,881 — 119,881 U.S. Government bonds — 5,035 — 5,035 Asset-backed securities — 33,422 — 33,422 Certificates of deposit — 9,248 — 9,248 Total long-term investment — 299,771 — 299,771 Total $ 231,063 $ 1,126,882 $ — $ 1,357,945 Strategic Convertible Debt Investment Long-term investments on the condensed consolidated balance sheet also includes a strategic convertible debt investment made in May 2020. The Company invested $1.0 million in a technology company by participating in its convertible debt financing round. The Company estimates the fair value of this strategic investment was $1.0 million at both October 31, 2020 and July 31, 2020 based on assumptions of the expected return on the investment (Level 3). Convertible Senior Notes The fair value of the Convertible Senior Notes was $436.3 million at October 31, 2020 and $480.0 million at July 31, 2020. The Company estimates the fair value of the Convertible Senior Notes using commonly accepted valuation methodologies and market-based risk measurements that are directly observable, such as unadjusted quoted prices (Level 2). The Company carries the Convertible Senior Notes at initial fair value less unamortized debt discount and issuance costs on its condensed consolidated balance sheets. For further information on the Convertible Senior Notes, see Note 6.

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Oct. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components Accounts Receivables, Net Accounts receivable, net consists of the following (in thousands): October 31, 2020 July 31, 2020 Accounts receivable $ 79,528 $ 115,518 Allowance for credit losses and revenue reserves (1,233) (1,276) Accounts receivable, net $ 78,295 $ 114,242 Allowance for Credit Losses and Revenue Reserves Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands): Allowance, July 31, 2020 $ 1,276 Net changes to credit losses — Net changes to revenue reserves (43) Write-offs, net — Allowance, October 31, 2020 $ 1,233 Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): October 31, 2020 July 31, 2020 Prepaid expenses $ 16,363 $ 16,969 Contract costs 10,011 9,588 Deferred costs 7,881 8,399 Deposits and other receivables 11,496 11,033 Prepaid expenses and other current assets $ 45,751 $ 45,989 Property and Equipment, Net Property and equipment consist of the following (in thousands): October 31, 2020 July 31, 2020 Computer hardware $ 17,051 $ 16,791 Purchased software 5,843 5,445 Capitalized software development costs 14,746 11,620 Equipment and machinery 11,545 11,438 Furniture and fixtures 9,762 9,792 Leasehold improvements 48,682 46,165 Total property and equipment 107,629 101,251 Less accumulated depreciation (40,213) (36,016) Property and equipment, net $ 67,416 $ 65,235 As of October 31, 2020 and July 31, 2020, no property and equipment was pledged as collateral. Depreciation expense, excluding the amortization of capitalized software development costs, was $3.6 million and $3.5 million for the three months ended October 31, 2020 and 2019, respectively. The Company capitalizes software development costs for technology applications that the Company will offer solely as cloud-based subscriptions, which is primarily comprised of compensation for employees who are directly associated with the software development projects. The Company begins amortizing the capitalized software development costs once the technology applications are available for general release and amortizes those costs over the estimated lives of the applications, which typically ranges from three to five years. The Company recognized approximately $0.6 million and $0.3 million in amortization expense in cost of subscription and support revenue on the condensed consolidated statements of operations during the three months ended October 31, 2020 and 2019 respectively. Goodwill and Intangible Assets, Net There has been no change to the $340.9 million carrying amount of goodwill since July 31, 2020. The Company’s intangible assets are amortized over their estimated useful lives. Intangible assets consist of the following (in thousands): October 31, 2020 July 31, 2020 Remaining Weighted-Average Useful Life (in years) Cost Accumulated Amortization Net Book Value Cost Accumulated Amortization Net Book Value Intangible assets: Acquired technology 1.6 $ 93,600 $ 77,717 $ 15,883 $ 93,600 $ 73,191 $ 20,409 Customer contracts and related relationships 3.6 35,700 19,983 15,717 35,700 18,500 17,200 Partner relationships 4.4 200 102 98 200 96 104 Trademarks 4.0 2,500 1,071 1,429 2,500 982 1,518 Order backlog 0.3 8,700 8,442 258 8,700 8,223 477 Total 2.6 $ 140,700 $ 107,315 $ 33,385 $ 140,700 $ 100,992 $ 39,708 Amortization expense was $6.3 million and $7.2 million for the three months ended October 31, 2020 and 2019 respectively. The future amortization expense for existing intangible assets as of October 31, 2020, based on their current useful lives, is as follows (in thousands): Fiscal year ending July 31, 2021 (remainder of fiscal year) $ 13,642 2022 11,143 2023 3,799 2024 2,379 2025 1,938 Thereafter 484 Total future amortization expense $ 33,385 Other assets Other assets consist of the following (in thousands): October 31, 2020 July 31, 2020 Prepaid expenses $ 4,577 $ 2,830 Contract costs 23,838 25,221 Deferred costs 4,916 5,729 Strategic equity investments 3,181 1,164 Other assets $ 36,512 $ 34,944 The Company’s other assets include strategic equity investments in privately-held companies in which the Company does not have a controlling interest or the ability to exert significant influence. The strategic investments consist of non-marketable equity securities that do not have readily determinable market values (Level 3). The Company records these strategic investments at cost less impairment and adjusts cost for subsequent observable changes in fair value. In the first fiscal quarter of 2021, the Company invested $2.0 million in new strategic equity investments. No impairment charges were recognized during the three months ended October 31, 2020 and 2019, respectively. Accrued Employee Compensation Accrued employee compensation consists of the following (in thousands): October 31, 2020 July 31, 2020 Bonus $ 10,858 $ 20,188 Commission 1,116 7,201 Vacation 22,143 20,637 Salaries, payroll taxes and benefits 10,883 10,521 Accrued employee compensation $ 45,000 $ 58,547 Other Current Liabilities Other current liabilities consist of the following (in thousands): October 31, 2020 July 31, 2020 Lease liabilities $ 11,580 $ 10,936 Accrued royalties 5,725 6,651 Accrued taxes 2,116 3,817 Other 3,417 4,302 Other current liabilities $ 22,838 $ 25,706

Net Income (Loss) Per Share

Net Income (Loss) Per Share	3 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share (in thousands, except share and per share amounts): Three Months Ended October 31, 2020 2019 Numerator: Net income (loss) $ (20,190) $ (14,991) Net income (loss) per share: Basic $ (0.24) $ (0.18) Diluted $ (0.24) $ (0.18) Denominator: Weighted average shares used in computing net income (loss) per share: Basic 83,613,287 82,360,891 Weighted average effect of dilutive stock options — — Weighted average effect of dilutive stock awards — — Diluted 83,613,287 82,360,891 The following weighted average shares of potential common stock were excluded from the computation of diluted income (loss) per share for the periods presented because including them would have been anti-dilutive: Three Months Ended October 31, 2020 2019 Stock options 61,472 206,919 Stock awards 2,263,076 2,028,908

Convertible Senior Notes

Convertible Senior Notes	3 Months Ended
	Oct. 31, 2020
Debt Disclosure [Abstract]
Convertible Senior Notes	Convertible Senior Notes In March 2018, the Company offered and sold $400.0 million aggregate principal amount of its 1.25% Convertible Senior Notes due 2025. The Convertible Senior Notes were issued in accordance with the Indenture, dated as of March 13, 2018, between the Company and U.S. Bank National Association, as trustee (the “Trustee”) (the “Base Indenture”), as amended and supplemented by the First Supplemental Indenture, dated as of March 13, 2018, between the Company and the Trustee (together with the Base Indenture, the “Indenture”). The net proceeds from the issuance of the Convertible Senior Notes were $387.2 million, after deducting issuance costs. The Convertible Senior Notes are unsecured obligations of the Company with interest payable semi-annually in arrears at a rate of 1.25% per year, on March 15th and September 15th of each year beginning on September 15, 2018. The Convertible Senior Notes will mature on March 15, 2025 unless repurchased, redeemed, or converted prior to such date. Prior to the close of business on the business day immediately preceding October 15, 2024, the Convertible Senior Notes are convertible at the option of holders during certain periods, upon satisfaction of certain conditions. On or after October 15, 2024, the Convertible Senior Notes are convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Convertible Senior Notes will have an initial conversion rate of 8.7912 shares of common stock per $1,000 principal (equivalent to an initial conversion price of approximately $113.75 per share of the Company's common stock). The conversion rate is subject to customary adjustments upon the occurrence of certain events but will not be adjusted for any accrued and unpaid interest. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its common stock or a combination of cash and shares of its common stock, at its election. The Company may redeem the Convertible Senior Notes, at its option, on or after March 20, 2022, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including at least one of the three trading days immediately preceding the date on which the Company provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption. No sinking fund is provided for the Convertible Senior Notes. Upon the occurrence of a fundamental change (as defined in the Indenture) prior to the maturity date, holders may require the Company to repurchase all or a portion of the Convertible Senior Notes for cash at a price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. The Convertible Senior Notes rank senior in right of payment to any of the Company’s indebtedness that is expressly subordinated in right of payment to the Convertible Senior Notes, and equal in right of payment to any of its indebtedness that is not so subordinated. The Convertible Senior Notes are effectively junior in right of payment to any of the Company’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) and any preferred equity of its current or future subsidiaries. The net carrying value of the liability component, unamortized debt discount and unamortized debt issuance costs of the Convertible Senior Notes was as follows (in thousands): October 31, 2020 July 31, 2020 Principal $ 400,000 $ 400,000 Less unamortized: Debt discount 59,487 62,508 Debt issuance costs 6,970 7,284 Net carrying amount $ 333,543 $ 330,208 The effective interest rate of the Convertible Senior Notes is 5.53%. The following table sets forth the interest expense recognized related to the Convertible Senior Notes (in thousands): Three Months Ended October 31, 2020 2019 Contractual interest expense $ 1,250 $ 1,250 Amortization of debt discount 3,020 2,871 Amortization of debt issuance costs 315 284 Total $ 4,585 $ 4,405 Capped Call In March 2018, the Company paid $37.2 million to purchase capped calls with certain financial institutions pursuant to capped call confirmations (the “Capped Calls”). The Capped Calls have an initial strike price of $113.75 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Convertible Senior Notes. The Capped Calls have initial cap prices of $153.13 per share, subject to certain adjustments. The Capped Calls cover, subject to anti-dilution adjustments, 3.5 million shares of common stock. By entering into the Capped Calls, the Company expects to reduce the potential dilution to its common stock (or, in the event the conversion is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion its stock price exceeds the conversion price under the Convertible Senior Notes. The Capped Calls are subject to either adjustment or termination upon the occurrence of specified extraordinary events affecting the Company, including a merger event, tender offer, and a nationalization, insolvency, or delisting involving the Company. Additionally, the Capped Calls are subject to certain specified additional disruption events that may give rise to a termination of the Capped Calls, including change in law, insolvency filing, and hedging disruptions. The Capped Calls were recorded in the periods purchased as a reduction of the Company’s additional paid-in capital in the condensed consolidated balance sheets.

Leases

Leases	3 Months Ended
	Oct. 31, 2020
Leases [Abstract]
Leases	Leases The Company's lease obligations consist of operating leases for office facilities and equipment, with lease periods expiring between fiscal years 2021 and 2032. Some leases include one or more options to renew. Lease renewals are not assumed in the determination of the lease term until the exercise of the renewal option is deemed to be reasonably certain. Components of operating lease costs were as follows (in thousands): Three Months Ended October 31, 2020 2019 Operating lease cost (1) $ 4,372 $ 3,909 Variable lease cost 1,366 1,523 Sublease income (395) (380) Net operating lease cost $ 5,343 $ 5,052 (1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.3 million and $0.3 million for the three months ended October 31, 2020 and 2019, respectively. Future operating lease payments as of October 31, 2020 were as follows (in thousands): Fiscal Year Ending July 31, 2021 (remaining) $ 11,838 2022 18,745 2023 17,198 2024 16,823 2025 17,214 Thereafter 84,960 Total future lease payments 166,778 Less imputed interest (29,662) Total lease liability balance $ 137,116 Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate): October 31, 2020 July 31, 2020 Operating lease assets $ 108,378 $ 103,797 Current portion of lease liabilities $ 11,580 $ 10,936 Non-current portion of lease liabilities 125,536 119,408 Total lease liabilities $ 137,116 $ 130,344 Weighted average remaining lease term (years) 9.17 9.27 Weighted average discount rate 4.18 % 4.34 % Supplemental cash and non-cash information related to operating leases was as follows (in thousands): Three Months Ended October 31, 2020 2019 Cash payments for operating leases $ 5,285 $ 1,383 Operating lease assets obtained in exchange for lease liabilities $ 9,217 $ 480

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Oct. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies There has been no material change in the Company’s contractual obligations and commitments other than in the ordinary course of business since the Company’s fiscal year ended July 31, 2020. See the Annual Report on Form 10-K for the fiscal year ended July 31, 2020 for additional information regarding the Company’s contractual obligations. Legal Proceedings From time to time, the Company is involved in various legal proceedings and receives claims, arising from the normal course of business activities. The Company has not accrued for estimated losses in the accompanying condensed consolidated financial statements as the Company has determined that no provision for liability nor disclosure is required related to any claim against the Company because: (a) there is not a reasonable possibility that a loss exceeding amounts already recognized (if any) may be incurred with respect to such claim; (b) a reasonably possible loss or range of loss cannot be estimated; or (c) such estimate is immaterial. The Company has not recorded any accrual for claims as of October 31, 2020 or July 31, 2020. The Company expenses legal fees in the period in which they are incurred. In July 2020, one of the Company's stockholders filed a putative securities class action complaint in the United States District Court for the Northern District of California, against the Company and certain of its current or former officers and directors. The complaint alleged violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5 and was seeking unspecified compensatory damages, interest, and attorney's fees and costs. In October 2020, the suit was voluntarily dismissed without prejudice by plaintiff's counsel. Indemnification The Company sells software licenses and services to its customers under Software License Agreements ("SLA") and Software Subscription Agreements ("SSA"). SLAs and SSAs contain the terms of the contractual arrangement with the customer and generally include certain provisions for defending the customer against any claims that the Company’s software infringes upon a patent, copyright, trademark, or other proprietary right of a third party. SLAs and SSAs also generally indemnify the customer against judgments, settlements, fines, penalties, costs, and expenses resulting from a claim ("Losses") against the customer in the event the Company’s software is found to infringe upon such third-party rights. The Company has not had to reimburse any of its customers for Losses related to indemnification provisions and no material claims against the Company were outstanding as of October 31, 2020 or July 31, 2020. For several reasons, including the lack of prior indemnification claims and the lack of a monetary liability limit for certain infringement cases under various SLAs and SSAs, the Company cannot estimate the amount of potential future payments, if any, related to indemnification provisions. The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines, and settlement amounts incurred by any of these persons in any action or proceeding to which any of these persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that may enable the Company to recover a portion of any future amounts paid.

Stock-Based Compensation Expens

Stock-Based Compensation Expense and Shareholders' Equity	3 Months Ended
	Oct. 31, 2020
Stockholders' Equity and Stock-based Compensation [Abstract]
Stock-Based Compensation Expense and Shareholders' Equity	Stock-Based Compensation Expense and Shareholders’ Equity Stock-Based Compensation Expense Stock-based compensation expense related to stock options and Stock Awards is included in the Company’s condensed consolidated statements of operations as follows (in thousands): Three Months Ended October 31, 2020 2019 Stock-based compensation expense $ 28,394 $ 24,765 Net impact of deferred stock-based compensation (310) (207) Total stock-based compensation expense $ 28,084 $ 24,558 Stock-based compensation expense is included in the following categories: Cost of subscription and support revenue $ 2,602 $ 1,633 Cost of license revenue 251 180 Cost of services revenue 5,543 5,332 Research and development 7,247 6,181 Sales and marketing 5,977 5,157 General and administrative 6,464 6,075 Total stock-based compensation expense $ 28,084 $ 24,558 Total unrecognized stock-based compensation expense as of October 31, 2020 related to stock options and Stock Awards is as follows: Unrecognized Expense Weighted Average Expected Recognition Period (in thousands) (in years) Stock Options $ 370 0.5 Stock Awards 296,490 2.8 $ 296,860 Stock Awards A summary of the Company’s Stock Awards activity under the Company’s equity incentive plans is as follows: Stock Awards Outstanding Number of Stock Awards Outstanding Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (in thousands) (1) Balance as of July 31, 2020 2,445,698 $ 99.34 $ 287,761 Granted 1,112,046 $ 111.55 Released (339,759) $ 90.29 $ 36,027 Canceled (88,564) $ 100.38 Balance as of October 31, 2020 3,129,421 $ 104.63 $ 300,769 Expected to vest as of October 31, 2020 3,129,421 $ 104.63 $ 300,769 (1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $96.11 and $117.66 on October 31, 2020 and July 31, 2020, respectively. Aggregate intrinsic value for released Stock Awards represents the total market value of released Stock Awards at date of release. Certain executives and employees of the Company received PSUs and TSR PSUs in addition to RSUs. PSUs awarded in September 2021 will vest over three years with 50% vesting annually over the three year period and the remaining 50% vesting at the end of the third year. The TSR PSUs are subject to total shareholder return rankings of the Company's common stock relative to the software companies in the S&P Index for a specified period or periods, and vest at the end of three years. The Company recognized stock-based compensation related to these performance-based and market-based stock awards of $3.3 million and $3.4 million for the three months ended October 31, 2020 and 2019, respectively. Stock Options Stock option activity under the Company’s equity incentive plans is as follows: Stock Options Outstanding Number of Stock Options Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (1) (in years) (in thousands) Balance as of July 31, 2020 80,332 $ 29.80 5.2 $ 7,058 Granted — Exercised (39,169) $ 43.80 $ 2,461 Canceled (654) $ 11.23 Balance as of October 31, 2020 40,509 $ 16.56 5.8 $ 3,222 Vested and expected to vest as of October 31, 2020 40,509 $ 16.56 5.8 $ 3,222 Exercisable as of October 31, 2020 34,585 $ 17.48 5.7 $ 2,719 (1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $96.11 and $117.66 on October 31, 2020 and July 31, 2020, respectively, and the exercise price of outstanding options. Aggregate intrinsic value for exercised options represents the difference between the Company’s stock price at date of exercise and the exercise price. Valuation of Awards TSR PSUs The fair value of TSR PSUs is estimated at the date of grant using the Monte Carlo simulation model which included the following assumptions: Three Months Ended October 31, 2020 2019 Expected term (in years) * 2.9 Risk-free interest rate * 1.5% Expected volatility of the Company * 28.4% Average expected volatility of the peer companies in the S&P Index * 37.0% Expected dividend yield * —% *There were no TSR PSUs granted during the three months ended October 31, 2020. The number of TSR PSUs that may ultimately vest will vary based on the performance of the Company’s common stock relative to the shareholder return of the software companies in the S&P Index for a specified period or periods. The Monte Carlo methodology incorporates into the valuation all possible outcomes, including that the Company’s relative performance may result in no shares vesting. As a result, stock-based compensation expense is recognized regardless of the Company's ultimate achievement of the plan’s metrics. The expense will be reversed only in the event that a grantee is terminated prior to satisfying the requisite service period. Common Stock Reserved for Issuance As of October 31, 2020 and July 31, 2020, the Company was authorized to issue 500,000,000 shares of common stock with a par value of $0.0001 per share and, of these, 83,791,856 and 83,461,925 shares of common stock were issued and outstanding, respectively. Per the terms of the Company’s 2011 Stock Plan, on January first of each year, an additional number of shares equal to 5% of the number of shares of common stock issued and outstanding on the preceding December 31 st may be added to the Company’s 2011 Stock Plan reserve. The Company elected not to increase the number of shares of common stock available for grant under this plan for the calendar year ended December 31, 2019. As of October 31, 2020 and July 31, 2020, the Company had reserved shares of common stock for future issuance as follows: October 31, 2020 July 31, 2020 Exercise of stock options to purchase common stock 40,509 80,332 Vesting of stock awards 3,129,421 2,445,698 Shares available under stock plans 21,720,159 23,460,234 Total common stock reserved for issuance 24,890,089 25,986,264 Stock Repurchase Program In October 2020, the Company's board of directors authorized and approved a stock repurchase program of up to $200.0 million of the Company's outstanding common stock. During the three months ended October 31, 2020, the Company repurchased 48,997 shares of common stock at an average price of $102.05 per share, for an aggregate purchase price of $5.0 million. As of October 31, 2020, $195.0 million remained available for future share repurchases.

Income Taxes

Income Taxes	3 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recognized an income tax benefit of $10.7 million and $6.7 million for the three months ended October 31, 2020 and 2019, respectively. The change in the amount of income taxes recorded for the three months ended October 31, 2020 compared to the same period a year ago was primarily due to the increase in the loss before taxes and a tax status change of a foreign subsidiary for U.S. tax purposes. The effective tax rate of 35% for the three months ended October 31, 2020 differs from the statutory U.S. federal income tax rate of 21% mainly due to permanent differences for stock-based compensation including excess tax benefits, global intangible low-taxed income ("GILTI") inclusion, research and development credits, certain non-deductible expenses including executive compensation, and the tax status change of a foreign subsidiary. During the three months ended October 31, 2020, unrecognized tax benefits increased by $0.3 million. As of October 31, 2020, the Company had unrecognized tax benefits of $18.2 million that, if recognized, would affect the Company’s effective tax rate. The Company is currently under examination by the California Franchise Tax Board for the state income tax returns filed for fiscal years 2018 and 2017. If any issues addressed in the tax audit are resolved in a manner not consistent with the Company's expectations, the Company may be required to adjust its provision for income tax in the period such resolution occurs. The Company does not believe the audit will have a material impact on the Company's financial position, results of operations, or cash flows.

Segment Information

Segment Information	3 Months Ended
	Oct. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates in one segment. The Company’s chief operating decision maker (the “CODM”), its Chief Executive Officer, manages the Company’s operations on a consolidated basis for purposes of allocating resources. When evaluating the Company’s financial performance, the CODM reviews separate revenue information for the Company’s subscription, support, term license, perpetual license, and services offerings, while all other financial information is reviewed on a consolidated basis. The Company’s principal operations and decision-making functions are located in the United States. The Company’s long-lived assets, including intangibles and goodwill, net by geographic region is as follows (in thousands): October 31, 2020 July 31, 2020 Americas $ 434,283 $ 440,291 EMEA 5,984 4,021 APAC 1,411 1,508 Total $ 441,678 $ 445,820

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies and Estimates (Policies)	3 Months Ended
	Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Guidewire Software, Inc., a Delaware corporation, was incorporated on September 20, 2001. Guidewire Software, Inc., together with its subsidiaries (the “Company”), provides a technology platform, which combines core operations, digital engagement, analytics, and artificial intelligence ("AI") applications. The Company's technology platform supports core insurance operations, including underwriting and policy administration, claim management and billing; insights into data that can improve business decision making; and digital sales, service and claims experiences for policyholders, agents, and other key stakeholders. The Company’s customers are primarily property and casualty insurance carriers.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The condensed consolidated financial statements and accompanying notes include the Company and its wholly-owned subsidiaries and reflect all adjustments (all of which are normal and recurring in nature) that, in the opinion of management, are necessary for a fair presentation of the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. Certain information and disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted under the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and related notes, together with management’s discussion and analysis of financial condition and results of operations, presented in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2020. There have been no changes in the Company’s significant accounting policies from those that were disclosed in the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K.
Reclassification	Reclassification Beginning with the Annual Report on Form 10-K for fiscal year 2020, the Company changed the presentation in the consolidated statements of operations for revenue and cost of revenue to include subtotals for "subscription and support," "license," and "services". The Company's previous presentation included subtotals for "license and subscription," "maintenance" (now referred to as "support"), and "services". Accordingly, prior period amounts have been reclassified to conform to the current period presentation in the Company's condensed consolidated financial statements and the accompanying notes.
Use of Estimates	Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Significant items subject to such estimates include, but are not limited to, revenue recognition, the useful lives of property and equipment and intangible assets, accounts receivable allowances, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, fair value of convertible senior notes and investments, valuation of goodwill and intangible assets, fair value of acquired assets and assumed liabilities, software development costs to be capitalized, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ from these estimates.
Foreign Currency	Foreign Currency The functional currency of the Company’s foreign subsidiaries is their respective local currency. The Company translates all assets and liabilities of foreign subsidiaries to U.S. dollars at the current exchange rate as of the applicable balance sheet date. Revenue and expenses are translated at the average exchange rate prevailing during the period in which the transactions occur. The effects of foreign currency translations are recorded in accumulated other comprehensive income (loss) as a separate component of stockholders' equity in the accompanying condensed consolidated balance sheets. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency of the recording entity are included in other income (expense) in the condensed consolidated statements of operations.
Cash and Cash Equivalents	Cash and Cash EquivalentsCash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. Cash equivalents primarily consist of commercial paper and money market funds.
Investments	Investments Management determines the appropriate classification of investments at the time of purchase based upon management’s intent with regard to such investments. All investments in the periods presented have been classified as available-for-sale.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Maintenance and repairs that do not extend the life or improve an asset are expensed in the period incurred. The estimated useful lives of property and equipment are as follows: Computer hardware 3 years Purchased software 3 years Equipment and machinery 3 to 5 years Furniture and fixtures 5 years Leasehold improvements Shorter of 10 years or remaining lease term
Software Development Costs	Software Development Costs Certain development costs related to software delivered to customers ("self-managed software") incurred subsequent to the establishment of technological feasibility are subject to capitalization and amortized over the estimated lives of the related products. Technological feasibility is established upon completion of a working model. Costs incurred subsequent to the establishment of technological feasibility have not been material and, therefore, all software development costs related to self-managed software have been charged to research and development expense in the condensed consolidated statements of operations as incurred. For qualifying costs incurred for computer software developed for internal use, which includes software used to deliver subscription services exclusively through the cloud, the Company begins to capitalize costs when preliminary development efforts are successfully completed, management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended. If any of these criteria cease being met before the software reaches its intended use, any capitalized costs related to the project will be impaired. When the software reaches its intended use, capitalized costs are amortized to cost of revenue over the estimated useful lives of the related assets, generally estimated to be three
Leases	Leases On August 1, 2019, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 842: Leases (“ASC 842") using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Under ASC 842, the Company determines if an arrangement is a lease at inception of the agreement. If an arrangement is determined to be a lease, an operating lease asset, also known as a right-of-use asset, and lease liability are recorded based on the present value of lease payments over the lease term. In connection with determining the present value of the lease payments, the Company considers only payments that are fixed and determinable at the time of commencement, including non-lease components that are fixed throughout the lease term. Variable components of the lease payments such as utilities and maintenance costs, are expensed as incurred and not included in determining the present value of the lease liability. As the Company's leases generally do not provide an implicit rate, the Company's incremental borrowing rate, calculated based on available information at the lease commencement date, is used in determining the present value of the lease payments. The Company's incremental borrowing rate is a hypothetical rate based on the Company's understanding of its credit rating. The Company's lease term used to calculate the lease liability and operating lease asset includes options to extend or terminate the lease if it is reasonably certain the Company will exercise that option. Operating lease assets also include any lease payments made prior to commencement and are recorded net of any lease incentives received. Lease expense is recognized on a straight-line basis over the lease term and is reflected in the condensed consolidated statements of operations in each of the cost of revenue and operating expense categories. The Company also enters into agreements to sublease unoccupied office space. Any sublease payments received in excess of the straight-line rent expense related to the subleased space are recorded as an offset to operating expenses over the sublease term. Operating leases are included in operating lease assets, other current liabilities, and lease liabilities on the condensed consolidated balance sheets.
Impairment of Long-Lived Assets, Intangible Assets, and Goodwill	Impairment of Long-Lived Assets, Intangible Assets, and Goodwill The Company evaluates its long-lived assets, consisting of property and equipment, operating lease assets, and intangible assets for indicators of possible impairment when events or changes in circumstances indicate that the carrying amount of certain assets may not be recoverable. Impairment exists if the carrying amount of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the assets over the estimated fair value of the assets. The Company tests goodwill for impairment annually, during the fourth quarter of each fiscal year, and in the interim whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company evaluates qualitative factors to determine whether it is more likely than not that the fair value of the Company’s single reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. In performing the qualitative assessment, the Company considers events and circumstances, including, but not limited to, macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a reporting unit’s net assets, and changes in the price of the Company’s common stock. If, after assessing the totality of events or circumstances, the Company determines that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then the two-step goodwill impairment test is not performed. There have been no goodwill impairments during the periods presented.
Convertible Senior Notes	Convertible Senior Notes In March 2018, the Company issued $400.0 million aggregate principal amount of 1.25% Convertible Senior Notes due 2025 (the “Convertible Senior Notes”). The Company accounts for the liability and equity components of the issued Convertible Senior Notes separately. The carrying amount of the equity component, representing the conversion option, was determined by deducting the fair value of the liability component from the par value of the Convertible Senior Notes as a whole. This difference represents a debt discount that is amortized to interest expense using the effective interest method over the term of the Convertible Senior Notes. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The liability and equity components will not be remeasured as long as the conversion option continues to meet the requirements for equity classification. The equity component is net of issuance costs and recorded in additional paid-in capital.
Business Combinations	Business Combinations The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. Goodwill is calculated as the difference between the acquisition date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed. The Company’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and subject to refinement and, as a result, actual results may differ from estimates. During the measurement period, which may be up to one year from the acquisition date, if new information is obtained about facts and circumstances that existed as of the acquisition date, the Company may record adjustments to the fair value of these assets and liabilities, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired and liabilities assumed, whichever comes first, subsequent adjustments, if any, are recorded in the condensed consolidated statements of operations.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, accounts receivable and unbilled accounts receivable. The Company maintains its cash, cash equivalents, and investments with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded in the condensed consolidated balance sheets are in excess of amounts that are insured by the Federal Deposit Insurance Corporation.
Accounts Receivable and Allowance for Doubtful Accounts and Revenue Reserves	Accounts Receivable and Allowances Accounts receivable are recorded at invoiced amounts and do not bear interest. While the Company does not require collateral, the Company performs ongoing credit evaluations of its customers. The Company maintains an allowance for credit losses based upon the expected collectability of its accounts receivable. The expectation of collectability is based on historical loss patterns, the number of days that billings are past due, and an evaluation of the potential risk of loss associated with delinquent accounts. Credit losses are recorded in general and administrative expense while billing and other revenue adjustments are recorded against the corresponding revenue financial statement line item in the condensed consolidated statements of operations.
Revenue Recognition	Revenue Recognition The Company’s revenue is derived from contracts with customers. The majority of the Company’s revenue is derived from subscriptions to its cloud services, licensing arrangements for its software, and implementation and other professional services arrangements. The Company accounts for revenue in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606"), which the Company adopted on August 1, 2018. The core principle of ASC 606 is to recognize revenue upon the transfer of services or products to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company applies the following framework to recognize revenue: Identification of the contract, or contracts, with the customer The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts under ASC 606. The Company determines it has a contract with a customer when the contract is approved, the Company can identify each party’s rights regarding the services and products to be transferred, the Company can identify the payment terms for the services and products, the Company has determined that the customer has the ability and intent to pay, and the contract has commercial substance. In general, contract terms will be reflected in a written document that is signed by both parties. At contract inception, the Company evaluates whether two or more contracts should be combined and accounted for as a single contract. The Company also evaluates the customer’s ability and intent to pay, which is based on a variety of factors, including the customer’s historical payment experience or, in the case of a new customer, credit and financial information pertaining to the customer. Contracts may be modified to account for changes in contract scope or price. The Company considers contract modifications to exist when the modification either creates new rights or obligations or changes the existing enforceable rights and obligations of either party. Contract modifications for services and products that are distinct from the existing contract and are priced commensurate with their standalone selling price are treated as separate contracts, and are accounted for prospectively. Contract modifications for services and products that are distinct but are not priced commensurate with their standalone selling price or are not distinct from the existing contract may affect the initial transaction price or the allocation of the transaction price to the performance obligations in the contract. In such cases, revenue recognized may be adjusted. Identification of the performance obligation in the contract Performance obligations promised in a contract are identified based on the services or products that will be transferred to the customer that are both: i. capable of being distinct, whereby the customer can benefit from the service or product either on its own or together with other resources that are readily available from the Company or third parties, and ii. distinct in the context of the contract, whereby the transfer of the service or product is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are accounted for as a combined performance obligation. The Company generates revenue from the following sources, which generally represent the performance obligations of the Company: i. Subscription services related to the Company's Software-as-a-Service ("SaaS") offerings, including hosting; ii. Support activities that consist of email and phone support, bug fixes, and unspecified software updates and upgrades released when, and if, available during the support term; iii. Self-managed software licenses related to term or perpetual agreements; and iv. Services related to the implementation and configuration of the Company’s services and products, reimbursable travel, and training. Subscriptions are typically sold with a three-to-five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year. Determination of the transaction price The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the customer. Consideration may vary due to discounts, incentives, and potential service level credits or contractual penalties. Variable consideration is estimated and included in the transaction price if, in the Company’s judgment, it is probable that there will not be a significant future reversal of cumulative revenue under the contract. Self-managed software licenses and subscription services may be subject to either fixed or variable installments. Variable installments are generally subject to changes in a customer’s Direct Written Premium (“DWP”) or a customer’s Gross Written Premium (“GWP”). When consideration is subject to variable installments, the Company estimates variable consideration using the expected value method based on historical DWP or GWP usage to the extent that a significant revenue reversal is not probable to occur. When consideration is subject to a customer termination right, the Company estimates the total transaction price using the most likely method, and defers consideration associated with the customer’s termination right until it expires. The Company elected the practical expedient to evaluate whether a significant financing component exists when the contract term is greater than one year and the timing of revenue recognition occurs in advance of invoicing. This timing difference occurs when control of the software license is transferred at a point in time, usually at the contract onset, but the customer payments occur over time. A significant financing component generally does not exist under the Company’s standard contracting and billing practices. For example, the Company’s typical time-based licenses have a two-year initial term with the final payment due at the end of the first year and the Company's typical subscription services are generally billed in advance of providing the services. Allocation of the transaction price to the performance obligations in the contract If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its standalone selling price (“SSP”) in relation to the total fair value of all performance obligations in the arrangement. The majority of the Company’s contracts contain multiple performance obligations, such as when licenses are sold with support, implementation services or training services. Additionally, as customers transition to subscription services, customers may be under contract for both self-managed licenses and subscription services for a period of time, which may require an allocation of the transaction price to each performance obligation. Some of the Company’s performance obligations, such as support, implementation services, and training services, have observable inputs that are used to determine the SSP of those distinct performance obligations. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs. In the circumstances when available information to determine SSP is highly variable or uncertain, such as for our term licenses, the Company will use the residual method. Recognition of revenue when, or as, the Company satisfies a performance obligation The Company recognizes revenue when control of the services or products are transferred to a customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time. Performance obligations satisfied at a point in time Self-managed software licenses Self-managed term and perpetual software licenses comprise the majority of distinct performance obligations that are satisfied at a point in time. Revenue is recognized at the point in which the self-managed software licenses are made available to a customer. Consideration for self-managed software licenses is typically billed in advance on an annual basis over the license term. Performance obligations satisfied over a period of time Subscriptions, support activities, and professional service arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time. Subscription arrangements Revenue from subscription arrangements is recognized ratably over the subscription period using a time-based measure of progress as customers receive the benefits from their subscriptions over the contractually agreed-upon term. The Company’s subscription arrangements are generally three to five years in duration. Consideration from subscription arrangements is typically billed in advance on an annual basis over the contract period. Support activities Revenue from support activities associated with self-managed licenses is a stand-ready obligation, which is recognized over the contractually agreed-upon term using a time-based measure of progress as customers receive benefits from the availability of support technicians over the support period. Consideration for support activities is typically billed in advance on an annual basis. The Company’s support activities are consistently priced as a percentage of the associated self-managed software license. Services Revenue from professional service arrangements is recognized over the service period as the underlying services are performed. In substantially all of the Company’s professional service contracts, services are separately identifiable performance obligations for which related revenue and costs are recognized according to when each service obligation is delivered. Substantially all professional services engagements are billed and recognized on a time and materials basis. In select situations, the Company will contract professional services on a fixed fee basis, where the Company generally recognizes services revenue over time, using an input method. The measure of progress of the professional services being provided under these fixed fee arrangements is based on hours incurred compared to estimates of the total hours to complete the performance obligation. When professional services are sold with a self-managed license or subscription arrangement, the Company evaluates whether the performance obligations are distinct or separately identifiable, or whether they constitute a single performance obligation. In the limited cases where professional services are not considered to be distinct from the self-managed license or subscription services, the Company will recognize revenue based on the nature and term of the combined performance obligation when control of the combined performance obligation is transferred to the customer. Balance Sheet Presentation Contracts with customers are reflected in the condensed consolidated balance sheets as follows: • Accounts receivable, net represents amounts billed to customers in accordance with contract terms for which payment has not yet been received. It is presented net of allowances as part of current assets in the condensed consolidated balance sheets. • Unbilled accounts receivable, net represents amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This situation typically occurs when the Company transfers control of self-managed software licenses to customers up-front, but invoices customers annually over the term of the license. Unbilled accounts receivable is classified as either current or non-current based on the duration of remaining time between the date of the condensed consolidated balance sheets and the anticipated due date of the underlying receivables. Unbilled accounts receivable is evaluated for credit losses based upon the expected collectability of future accounts receivable, customer payment history, global economic conditions, and ongoing credit evaluations of customers. Unbilled accounts receivable is presented net of allowance for credit losses, if applicable, in the condensed consolidated balance sheets. This balance represents contract assets. • Contract costs include customer acquisition costs, which consist primarily of sales commissions paid to sales personnel and their related payroll taxes and referral fees paid to third-parties, and costs to fulfill a contract, which consist primarily of royalties payable to third-party software providers that support both the Company’s software offerings and support services. The short-term portion is presented as prepaid and other current assets. The long-term portion is presented as other assets. • Deferred costs represent costs related to our professional services that have been deferred to align with revenue recognition. The short-term portion is presented as prepaid and other current assets. The long-term portion is presented as other assets. • Deferred revenue, net represents amounts that have been invoiced and for which the Company has the right to bill, but that have not been recognized as revenue because the related services or products have not been transferred to the customer. Deferred revenue that will be realized during the 12-month period following the date of the condensed consolidated balance sheets is recorded as current. The remaining deferred revenue is recorded as non-current. This balance represents contract liabilities. The Company may receive consideration from its customers in advance of performance on a portion of the contract and, on another portion of the contract, perform in advance of receiving consideration. Contract assets and liabilities related to rights and obligations in a contract are interdependent. Therefore, contract assets and liabilities are presented net at the contract level, as either a single contract asset or a single contract liability, in the consolidated balance sheets. Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. The Company excludes amounts related to professional services contracts that are on a time and materials basis from remaining performance obligations. Contract Costs Contract costs consists of two components, customer acquisition costs and costs to fulfill a contract. Customer acquisition costs are capitalized only if the costs are incrementally incurred to obtain a customer contract and the expected amortization period is greater than one year. Contract costs are classified as either current or non-current based on the duration of time remaining between the date of the condensed consolidated balance sheets and the anticipated amortization date of the associated costs. Capitalized customer acquisition costs related to software licenses, subscriptions, and support services are amortized over the anticipated period of time that such goods and services are expected to be provided to a customer, which the Company estimates to be approximately five years. The amortization of customer acquisition costs is classified as a sales and marketing expense in the condensed consolidated statement of operations. Costs to fulfill a contract, or fulfillment costs, are only capitalized if they relate directly to a contract with a customer, the costs generate or enhance resources that will be used to satisfy performance obligations in the future, and the costs are expected to be recoverable. Fulfillment costs would be generally amortized over the same period of time as the customer acquisition costs. The amortization of fulfillment costs is classified as a cost of revenue in the condensed consolidated statement of operations.
Warranties	Warranties The Company generally provides a warranty for its software products and services to its customers for periods ranging from three to twelve months. The Company's software products are generally warranted to be free of defects in materials and workmanship under normal use and to substantially perform as described in published documentation. The Company's services are generally warranted to be performed in a professional manner and to materially conform to the specifications set forth in the related customer contract. In the event there is a failure of such warranties, the Company generally will correct the problem or provide a reasonable workaround or replacement product. If the Company cannot correct the problem or provide a workaround or replacement product, then the customer's remedy is generally limited to a refund of the fees paid for the nonconforming product or services. Warranty expense has been insignificant to date.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and amounts incurred were not material during the three months ended October 31, 2020 and 2019.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation using the fair value method, which requires the Company to measure stock-based compensation based on the grant-date fair value of the awards and recognize the compensation expense over the requisite service period. The Company recognizes compensation expense net of actual forfeitures. To date, the Company has granted or assumed stock options, restricted stock awards (“RSAs”), time-based restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), and restricted stock units that may be earned subject to the Company’s total shareholder return ranking relative to the software companies in the S&P Software and Services Select Industry Index (“S&P Index”) over a specified performance period or periods and, in select cases, are subject to certain performance conditions (“TSR PSUs”). RSAs, RSUs, PSUs, and TSR PSUs are collectively referred to as “Stock Awards.” The fair value of the Company’s RSAs, RSUs, and PSUs is equal to the market value of the Company’s common stock on the date of grant. These awards are subject to time-based vesting, which generally occurs over a period of four years. The Company recognizes compensation expense for awards that contain only service conditions on a straight-line basis over the requisite service period, which is generally the vesting period of the respective awards. The Company recognizes the compensation cost for awards that contain either performance conditions, market conditions, or both using the graded vesting method and a portion of the expense may fluctuate depending on changing estimates of the achievement of the performance conditions. The fair value of the Company’s stock options and TSR PSUs are estimated at the grant date using the Black-Scholes model and Monte Carlo simulation method, respectively. The assumptions utilized under these methods require judgments and estimates. Changes in these inputs and assumptions could affect the measurement of the estimated fair value of the related compensation expense of these stock options and stock awards. Compensation expense associated with TSR PSUs will be recognized over the vesting period regardless of whether the market condition is ultimately satisfied; however, the expense will be reversed if a grantee terminates prior to satisfying the requisite service period. For TSR PSUs containing an additional performance condition, a portion of the expense may fluctuate depending on changing estimates of the achievement of the performance conditions. All TSR PSUs vest at the end of a three-year period.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Under this method, the Company determines deferred tax assets and liabilities based on the differences between the financial statement carrying amounts and the tax basis of existing assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. All deferred tax assets and liabilities are classified as non-current on the Company’s condensed consolidated balance sheets. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance against deferred tax assets is recorded when it is more likely than not that some portion or all of such deferred tax assets will not be realized and is based on both positive and negative evidence about the future, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. The effective tax rate in any given financial statement period may differ materially from the statutory rate. These differences may be caused by changes in tax regulations and resulting changes in the deferred tax valuation allowance; changes in the mix and level of income or losses; changes in the expected outcome of tax audits; permanent differences for stock-based compensation, including excess tax benefits; research and development credits; the tax rate differences between the United States and foreign countries; foreign withholding taxes; certain non-deductible expenses, including executive compensation; acquisition-related expenses; and provisions under the Tax Cuts and Jobs Act (the “Tax Act”), including a provision to tax global intangible low-taxed income of foreign subsidiaries, a special deduction for foreign-derived intangible income, and a base erosion anti-abuse tax that may tax certain payments between a U.S. corporation and its foreign subsidiaries. The Company records interest and penalties related to unrecognized tax benefits as income tax expense in its condensed consolidated statement of operations.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Intangibles, Goodwill and Other (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract In August 2018, the FASB issued ASU No. 2018-15, Intangibles, Goodwill and Other (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract, which requires implementation costs incurred in cloud computing arrangements to be deferred and recognized over the term of the arrangement, if those costs would be capitalized in a software licensing arrangement under the internal-use software guidance in ASC 350-40. On August 1, 2020 the Company adopted this ASU prospectively. The adoption of this standard did not have a material impact on the condensed consolidated financial statements and related disclosures. Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU No. 2016-13 (ASU 2016-13), Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires the use of forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. On August 1, 2020 the Company adopted this ASU using the modified retrospective method The adoption of this standard did not have a material impact on the condensed consolidated financial statements and related disclosures. Other recent accounting pronouncements that are applicable to the Company did not, or are not expected to, have a material impact on the Company's present or future financial statements.

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies and Estimates (Tables)	3 Months Ended
	Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Estimated useful lives of property and equipment	The estimated useful lives of property and equipment are as follows: Computer hardware 3 years Purchased software 3 years Equipment and machinery 3 to 5 years Furniture and fixtures 5 years Leasehold improvements Shorter of 10 years or remaining lease term

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Oct. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue by revenue type and by geography is as follows (in thousands): Three Months Ended October 31, 2020 Subscription and support License Services Total Geography: United States $ 39,013 $ 40,977 $ 32,360 $ 112,350 Canada 7,142 10,753 1,137 19,032 Other Americas 1,113 235 1,846 3,194 Total Americas 47,268 51,965 35,343 134,576 United Kingdom 2,030 8,299 1,315 11,644 Other EMEA 5,120 803 6,978 12,901 Total EMEA 7,150 9,102 8,293 24,545 Total APAC 3,548 4,216 2,917 10,681 Total revenue $ 57,966 $ 65,283 $ 46,553 $ 169,802 Three Months Ended October 31, 2019 Subscription and support License Services Total Geography: United States $ 33,646 $ 27,467 $ 37,328 $ 98,441 Canada 4,545 8,990 1,250 14,785 Other Americas 1,085 234 2,169 3,488 Total Americas 39,276 36,691 40,747 116,714 United Kingdom 2,080 5,540 2,314 9,934 Other EMEA 4,341 726 6,049 11,116 Total EMEA 6,421 6,266 8,363 21,050 Total APAC 3,334 11,406 4,506 19,246 Total revenue $ 49,031 $ 54,363 $ 53,616 $ 157,010 No country or region, other than those presented above, accounted for more than 10% of revenue during the three months ended October 31, 2020 and 2019. Revenue by license or service type is as follows (in thousands): Three Months Ended October 31, 2020 2019 Subscription and Support Subscription $ 37,230 $ 28,060 Support 20,736 20,971 License Term license 65,225 54,314 Perpetual license 58 49 Services 46,553 53,616 Total revenue $ 169,802 $ 157,010
Contract with Customer, Asset and Liability	Amounts related to customer contract-related arrangements are included in the condensed consolidated balance sheets as follows (in thousands): October 31, 2020 July 31, 2020 Unbilled accounts receivable, net $ 109,442 $ 84,228 Contract costs, net 33,849 34,809 Deferred revenue, net 109,350 132,996

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Available-for-sale Securities Reconciliation	Available-for-sale investments within cash equivalents and investments consist of the following (in thousands): October 31, 2020 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Government agency securities $ 209,058 $ 132 $ (74) $ 209,116 Commercial paper 225,521 — — 225,521 Corporate bonds 446,845 2,297 (12) 449,130 U.S. Government bonds 154,795 339 (8) 155,126 Asset-backed securities 47,369 149 — 47,518 Foreign government bonds 7,474 1 (3) 7,472 Certificates of deposit 73,148 — — 73,148 Money market funds 173,069 — — 173,069 Total $ 1,337,279 $ 2,918 $ (97) $ 1,340,100 July 31, 2020 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Government agency securities $ 242,153 $ 202 $ (81) $ 242,274 Commercial paper 222,578 — — 222,578 Corporate bonds 474,646 3,448 (38) 478,056 U.S. Government bonds 68,332 476 — 68,808 Asset-backed securities 58,564 306 — 58,870 Certificates of deposit 56,296 — — 56,296 Money market funds 231,063 — — 231,063 Total $ 1,353,632 $ 4,432 $ (119) $ 1,357,945
Investments Classified by Contractual Maturity Date	The following table summarizes the contractual maturities of the Company’s available-for-sale investments measured at fair value (in thousands): October 31, 2020 Less Than 12 Months 12 Months or Greater Total U.S. Government agency securities $ 143,491 $ 65,625 $ 209,116 Commercial paper 225,521 — 225,521 Corporate bonds 339,403 109,727 449,130 U.S. Government bonds 134,771 20,355 155,126 Asset-backed securities 2,494 45,024 47,518 Foreign government bonds — 7,472 7,472 Certificates of deposit 67,398 5,750 73,148 Money market funds 173,069 — 173,069 Total $ 1,086,147 $ 253,953 $ 1,340,100
Fair Value, Assets Measured on Recurring Basis	The following tables summarize the Company’s available-for-sale investments measured at fair value, by level within the fair value hierarchy (in thousands): October 31, 2020 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 41,688 $ — $ 41,688 U.S. Government bonds — 15,013 — 15,013 Money market funds 173,069 — — 173,069 Total cash equivalents 173,069 56,701 — 229,770 Short-term investments: U.S. Government agency securities — 143,491 — 143,491 Commercial paper — 183,833 — 183,833 Corporate bonds — 339,403 — 339,403 U.S. Government bonds — 119,758 — 119,758 Asset-backed securities — 2,494 — 2,494 Certificates of deposit — 67,398 — 67,398 Total short-term investments — 856,377 — 856,377 Long-term investments: U.S. Government agency securities — 65,625 — 65,625 Corporate bonds — 109,727 — 109,727 U.S. Government bonds — 20,355 — 20,355 Asset-backed securities — 45,024 — 45,024 Foreign government bonds — 7,472 — 7,472 Certificates of deposit — 5,750 — 5,750 Total long-term investments — 253,953 — 253,953 Total $ 173,069 $ 1,167,031 $ — $ 1,340,100 July 31, 2020 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 60,584 $ — $ 60,584 Money market funds 231,063 — — 231,063 Total cash equivalents 231,063 60,584 — 291,647 Short-term investments: U.S. Government agency securities — 110,089 — 110,089 Commercial paper — 161,994 — 161,994 Corporate bonds — 358,175 — 358,175 U.S. Government bonds — 63,773 — 63,773 Asset-backed securities — 25,448 — 25,448 Certificates of deposit — 47,048 — 47,048 Total short-term investments — 766,527 — 766,527 Long-term investments: U.S. Government agency securities — 132,185 — 132,185 Corporate bonds — 119,881 — 119,881 U.S. Government bonds — 5,035 — 5,035 Asset-backed securities — 33,422 — 33,422 Certificates of deposit — 9,248 — 9,248 Total long-term investment — 299,771 — 299,771 Total $ 231,063 $ 1,126,882 $ — $ 1,357,945

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Oct. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Accounts Receivables and Allowance for Doubtful Accounts	Accounts receivable, net consists of the following (in thousands): October 31, 2020 July 31, 2020 Accounts receivable $ 79,528 $ 115,518 Allowance for credit losses and revenue reserves (1,233) (1,276) Accounts receivable, net $ 78,295 $ 114,242 Allowance for Credit Losses and Revenue Reserves Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands): Allowance, July 31, 2020 $ 1,276 Net changes to credit losses — Net changes to revenue reserves (43) Write-offs, net — Allowance, October 31, 2020 $ 1,233
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following (in thousands): October 31, 2020 July 31, 2020 Prepaid expenses $ 16,363 $ 16,969 Contract costs 10,011 9,588 Deferred costs 7,881 8,399 Deposits and other receivables 11,496 11,033 Prepaid expenses and other current assets $ 45,751 $ 45,989
Property and equipment	Property and equipment consist of the following (in thousands): October 31, 2020 July 31, 2020 Computer hardware $ 17,051 $ 16,791 Purchased software 5,843 5,445 Capitalized software development costs 14,746 11,620 Equipment and machinery 11,545 11,438 Furniture and fixtures 9,762 9,792 Leasehold improvements 48,682 46,165 Total property and equipment 107,629 101,251 Less accumulated depreciation (40,213) (36,016) Property and equipment, net $ 67,416 $ 65,235
Schedule of Finite-Lived Intangible Assets	The Company’s intangible assets are amortized over their estimated useful lives. Intangible assets consist of the following (in thousands): October 31, 2020 July 31, 2020 Remaining Weighted-Average Useful Life (in years) Cost Accumulated Amortization Net Book Value Cost Accumulated Amortization Net Book Value Intangible assets: Acquired technology 1.6 $ 93,600 $ 77,717 $ 15,883 $ 93,600 $ 73,191 $ 20,409 Customer contracts and related relationships 3.6 35,700 19,983 15,717 35,700 18,500 17,200 Partner relationships 4.4 200 102 98 200 96 104 Trademarks 4.0 2,500 1,071 1,429 2,500 982 1,518 Order backlog 0.3 8,700 8,442 258 8,700 8,223 477 Total 2.6 $ 140,700 $ 107,315 $ 33,385 $ 140,700 $ 100,992 $ 39,708
Future Amortization Expense	The future amortization expense for existing intangible assets as of October 31, 2020, based on their current useful lives, is as follows (in thousands): Fiscal year ending July 31, 2021 (remainder of fiscal year) $ 13,642 2022 11,143 2023 3,799 2024 2,379 2025 1,938 Thereafter 484 Total future amortization expense $ 33,385
Other Assets	Other assets consist of the following (in thousands): October 31, 2020 July 31, 2020 Prepaid expenses $ 4,577 $ 2,830 Contract costs 23,838 25,221 Deferred costs 4,916 5,729 Strategic equity investments 3,181 1,164 Other assets $ 36,512 $ 34,944
Accrued Employee Compensation	Accrued Employee Compensation Accrued employee compensation consists of the following (in thousands): October 31, 2020 July 31, 2020 Bonus $ 10,858 $ 20,188 Commission 1,116 7,201 Vacation 22,143 20,637 Salaries, payroll taxes and benefits 10,883 10,521 Accrued employee compensation $ 45,000 $ 58,547
Other Current Liabilities	Other current liabilities consist of the following (in thousands): October 31, 2020 July 31, 2020 Lease liabilities $ 11,580 $ 10,936 Accrued royalties 5,725 6,651 Accrued taxes 2,116 3,817 Other 3,417 4,302 Other current liabilities $ 22,838 $ 25,706

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Company's basic and diluted earnings per share	The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share (in thousands, except share and per share amounts): Three Months Ended October 31, 2020 2019 Numerator: Net income (loss) $ (20,190) $ (14,991) Net income (loss) per share: Basic $ (0.24) $ (0.18) Diluted $ (0.24) $ (0.18) Denominator: Weighted average shares used in computing net income (loss) per share: Basic 83,613,287 82,360,891 Weighted average effect of dilutive stock options — — Weighted average effect of dilutive stock awards — — Diluted 83,613,287 82,360,891
Schedule of Antidilutive Securities excluded from EPS	The following weighted average shares of potential common stock were excluded from the computation of diluted income (loss) per share for the periods presented because including them would have been anti-dilutive: Three Months Ended October 31, 2020 2019 Stock options 61,472 206,919 Stock awards 2,263,076 2,028,908

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	3 Months Ended
	Oct. 31, 2020
Debt Disclosure [Abstract]
Schedule of convertible debt	The net carrying value of the liability component, unamortized debt discount and unamortized debt issuance costs of the Convertible Senior Notes was as follows (in thousands): October 31, 2020 July 31, 2020 Principal $ 400,000 $ 400,000 Less unamortized: Debt discount 59,487 62,508 Debt issuance costs 6,970 7,284 Net carrying amount $ 333,543 $ 330,208 The effective interest rate of the Convertible Senior Notes is 5.53%. The following table sets forth the interest expense recognized related to the Convertible Senior Notes (in thousands): Three Months Ended October 31, 2020 2019 Contractual interest expense $ 1,250 $ 1,250 Amortization of debt discount 3,020 2,871 Amortization of debt issuance costs 315 284 Total $ 4,585 $ 4,405

Leases (Tables)

Leases (Tables)	3 Months Ended
	Oct. 31, 2020
Leases [Abstract]
Components of Lease Cost	Components of operating lease costs were as follows (in thousands): Three Months Ended October 31, 2020 2019 Operating lease cost (1) $ 4,372 $ 3,909 Variable lease cost 1,366 1,523 Sublease income (395) (380) Net operating lease cost $ 5,343 $ 5,052 (1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.3 million and $0.3 million for the three months ended October 31, 2020 and 2019, respectively.
Future Operating Lease Payments	Future operating lease payments as of October 31, 2020 were as follows (in thousands): Fiscal Year Ending July 31, 2021 (remaining) $ 11,838 2022 18,745 2023 17,198 2024 16,823 2025 17,214 Thereafter 84,960 Total future lease payments 166,778 Less imputed interest (29,662) Total lease liability balance $ 137,116
Supplemental Lease Information	Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate): October 31, 2020 July 31, 2020 Operating lease assets $ 108,378 $ 103,797 Current portion of lease liabilities $ 11,580 $ 10,936 Non-current portion of lease liabilities 125,536 119,408 Total lease liabilities $ 137,116 $ 130,344 Weighted average remaining lease term (years) 9.17 9.27 Weighted average discount rate 4.18 % 4.34 %
Supplemental Cash And Non-Cash Information	Supplemental cash and non-cash information related to operating leases was as follows (in thousands): Three Months Ended October 31, 2020 2019 Cash payments for operating leases $ 5,285 $ 1,383 Operating lease assets obtained in exchange for lease liabilities $ 9,217 $ 480

Stock-Based Compensation Expe_2

Stock-Based Compensation Expense and Shareholders' Equity (Tables)	3 Months Ended
	Oct. 31, 2020
Stockholders' Equity and Stock-based Compensation [Abstract]
Stock-based compensation expense	Stock-based compensation expense related to stock options and Stock Awards is included in the Company’s condensed consolidated statements of operations as follows (in thousands): Three Months Ended October 31, 2020 2019 Stock-based compensation expense $ 28,394 $ 24,765 Net impact of deferred stock-based compensation (310) (207) Total stock-based compensation expense $ 28,084 $ 24,558 Stock-based compensation expense is included in the following categories: Cost of subscription and support revenue $ 2,602 $ 1,633 Cost of license revenue 251 180 Cost of services revenue 5,543 5,332 Research and development 7,247 6,181 Sales and marketing 5,977 5,157 General and administrative 6,464 6,075 Total stock-based compensation expense $ 28,084 $ 24,558
Unrecognized compensation cost, adjusted for estimated forfeitures	Total unrecognized stock-based compensation expense as of October 31, 2020 related to stock options and Stock Awards is as follows: Unrecognized Expense Weighted Average Expected Recognition Period (in thousands) (in years) Stock Options $ 370 0.5 Stock Awards 296,490 2.8 $ 296,860
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	A summary of the Company’s Stock Awards activity under the Company’s equity incentive plans is as follows: Stock Awards Outstanding Number of Stock Awards Outstanding Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (in thousands) (1) Balance as of July 31, 2020 2,445,698 $ 99.34 $ 287,761 Granted 1,112,046 $ 111.55 Released (339,759) $ 90.29 $ 36,027 Canceled (88,564) $ 100.38 Balance as of October 31, 2020 3,129,421 $ 104.63 $ 300,769 Expected to vest as of October 31, 2020 3,129,421 $ 104.63 $ 300,769 (1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $96.11 and $117.66 on October 31, 2020 and July 31, 2020, respectively. Aggregate intrinsic value for released Stock Awards represents the total market value of released Stock Awards at date of release.
Schedule of Share-based Compensation, Stock Options, Activity	Stock option activity under the Company’s equity incentive plans is as follows: Stock Options Outstanding Number of Stock Options Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (1) (in years) (in thousands) Balance as of July 31, 2020 80,332 $ 29.80 5.2 $ 7,058 Granted — Exercised (39,169) $ 43.80 $ 2,461 Canceled (654) $ 11.23 Balance as of October 31, 2020 40,509 $ 16.56 5.8 $ 3,222 Vested and expected to vest as of October 31, 2020 40,509 $ 16.56 5.8 $ 3,222 Exercisable as of October 31, 2020 34,585 $ 17.48 5.7 $ 2,719 (1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $96.11 and $117.66 on October 31, 2020 and July 31, 2020, respectively, and the exercise price of outstanding options. Aggregate intrinsic value for exercised options represents the difference between the Company’s stock price at date of exercise and the exercise price.
Schedule of Valuation Assumptions Using Monte Carlo Simulation Model	The fair value of TSR PSUs is estimated at the date of grant using the Monte Carlo simulation model which included the following assumptions: Three Months Ended October 31, 2020 2019 Expected term (in years) * 2.9 Risk-free interest rate * 1.5% Expected volatility of the Company * 28.4% Average expected volatility of the peer companies in the S&P Index * 37.0% Expected dividend yield * —% *There were no TSR PSUs granted during the three months ended October 31, 2020.
Common Stock Reserved for Issuance	As of October 31, 2020 and July 31, 2020, the Company had reserved shares of common stock for future issuance as follows: October 31, 2020 July 31, 2020 Exercise of stock options to purchase common stock 40,509 80,332 Vesting of stock awards 3,129,421 2,445,698 Shares available under stock plans 21,720,159 23,460,234 Total common stock reserved for issuance 24,890,089 25,986,264

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Oct. 31, 2020
Segment Reporting [Abstract]
Property and equipment, net by geographic region	The Company’s long-lived assets, including intangibles and goodwill, net by geographic region is as follows (in thousands): October 31, 2020 July 31, 2020 Americas $ 434,283 $ 440,291 EMEA 5,984 4,021 APAC 1,411 1,508 Total $ 441,678 $ 445,820

The Company and Summary of Si_4

The Company and Summary of Significant Accounting Policies and Estimates (Details Textual)	3 Months Ended		12 Months Ended
	Oct. 31, 2020customer	Oct. 31, 2019customer	Jul. 31, 2020customer	Mar. 31, 2018USD ($)
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Percentage of Revenue	10.00%	10.00%
Percentage of accounts receivable	10.00%		10.00%
Revenue, performance obligations, timing	Subscriptions are typically sold with a three-to-five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year.
Capitalized contract cost, amortization period	5 years
Customer Concentration Risk | Revenue Benchmark
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Number of customers, concentration of credit risk	1	0
Customer Concentration Risk | Accounts Receivable
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Number of customers, concentration of credit risk	1		0
Restricted Stock Units (RSUs)
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of time based Vesting	4 years
TSR PSUs
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of time based Vesting	3 years
Senior Notes | Convertible Senior Notes, 1.250%
Finite-Lived Intangible Assets [Line Items]
Aggregate principal amount | $				$ 400,000,000
Stated interest rate				1.25%
Minimum | Computer software
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years
Maximum | Computer software
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	5 years

The Company and Summary of Si_5

The Company and Summary of Significant Accounting Policies and Estimates (Property and Equipment Useful Lives) (Details)	3 Months Ended
	Oct. 31, 2020
Computer hardware
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Purchased software
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Equipment and machinery | Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Equipment and machinery | Maximum
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Life	5 years

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenue	$ 169,802	$ 157,010
United States
Disaggregation of Revenue [Line Items]
Total revenue	112,350	98,441
Canada
Disaggregation of Revenue [Line Items]
Total revenue	19,032	14,785
Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	3,194	3,488
Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	134,576	116,714
United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	11,644	9,934
Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	12,901	11,116
Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	24,545	21,050
Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	10,681	19,246
Subscription and support
Disaggregation of Revenue [Line Items]
Total revenue	57,966	49,031
Subscription and support | United States
Disaggregation of Revenue [Line Items]
Total revenue	39,013	33,646
Subscription and support | Canada
Disaggregation of Revenue [Line Items]
Total revenue	7,142	4,545
Subscription and support | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	1,113	1,085
Subscription and support | Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	47,268	39,276
Subscription and support | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	2,030	2,080
Subscription and support | Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	5,120	4,341
Subscription and support | Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,150	6,421
Subscription and support | Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	3,548	3,334
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	37,230	28,060
Support
Disaggregation of Revenue [Line Items]
Total revenue	20,736	20,971
License
Disaggregation of Revenue [Line Items]
Total revenue	65,283	54,363
License | United States
Disaggregation of Revenue [Line Items]
Total revenue	40,977	27,467
License | Canada
Disaggregation of Revenue [Line Items]
Total revenue	10,753	8,990
License | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	235	234
License | Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	51,965	36,691
License | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	8,299	5,540
License | Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	803	726
License | Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	9,102	6,266
License | Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	4,216	11,406
Term license
Disaggregation of Revenue [Line Items]
Total revenue	65,225	54,314
Perpetual license
Disaggregation of Revenue [Line Items]
Total revenue	58	49
Services
Disaggregation of Revenue [Line Items]
Total revenue	46,553	53,616
Services | United States
Disaggregation of Revenue [Line Items]
Total revenue	32,360	37,328
Services | Canada
Disaggregation of Revenue [Line Items]
Total revenue	1,137	1,250
Services | Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	1,846	2,169
Services | Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	35,343	40,747
Services | United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	1,315	2,314
Services | Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	6,978	6,049
Services | Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	8,293	8,363
Services | Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,917	$ 4,506

Revenue (Contract with Customer

Revenue (Contract with Customer) (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Revenue from Contract with Customer [Abstract]
Unbilled accounts receivable, net	$ 109,442	$ 84,228
Contract costs, net	33,849	34,809
Deferred revenue, net	$ 109,350	$ 132,996

Revenue (Details)

Revenue (Details) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020
Revenue from Contract with Customer [Abstract]
Allowance for doubtful accounts	$ 0		$ 0
Contract costs, current	10,011,000		9,588,000
Contract costs, noncurrent	23,838,000		$ 25,221,000
Amortization of capitalized contract cost	2,200,000	$ 1,400,000
Contract with customer, liability, revenue recognized	47,000,000
Remaining performance obligation, amount	$ 539,000,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details 1) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 1,337,279	$ 1,353,632
Unrealized Gains	2,918	4,432
Unrealized Losses	(97)	(119)
Total	1,340,100	1,357,945
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	209,058	242,153
Unrealized Gains	132	202
Unrealized Losses	(74)	(81)
Total	209,116	242,274
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	225,521	222,578
Unrealized Gains	0	0
Unrealized Losses	0	0
Total	225,521	222,578
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	446,845	474,646
Unrealized Gains	2,297	3,448
Unrealized Losses	(12)	(38)
Total	449,130	478,056
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	154,795	68,332
Unrealized Gains	339	476
Unrealized Losses	(8)	0
Total	155,126	68,808
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	47,369	58,564
Unrealized Gains	149	306
Unrealized Losses	0	0
Total	47,518	58,870
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	7,474
Unrealized Gains	1
Unrealized Losses	(3)
Total	7,472
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	73,148	56,296
Unrealized Gains	0	0
Unrealized Losses	0	0
Total	73,148	56,296
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	173,069	231,063
Unrealized Gains	0	0
Unrealized Losses	0	0
Total	$ 173,069	$ 231,063

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	$ 1,086,147
12 Months or Greater	253,953
Total	1,340,100	$ 1,357,945
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	143,491
12 Months or Greater	65,625
Total	209,116	242,274
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	225,521
12 Months or Greater	0
Total	225,521	222,578
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	339,403
12 Months or Greater	109,727
Total	449,130	478,056
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	134,771
12 Months or Greater	20,355
Total	155,126	68,808
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	2,494
12 Months or Greater	45,024
Total	47,518	58,870
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	0
12 Months or Greater	7,472
Total	7,472
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	67,398
12 Months or Greater	5,750
Total	73,148	56,296
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less than 12 Months	173,069
12 Months or Greater	0
Total	$ 173,069	$ 231,063

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details 4) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020	May 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 229,770	$ 291,647
Short-term investments:	856,377	766,527
Long-term investments:	253,953	299,771
Total	1,340,100	1,357,945
Investment owned	2,000		$ 1,000
Investments, fair value	1,000	1,000
Senior Notes | Convertible Senior Notes, 1.250%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	436,300	480,000
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	173,069	231,063
Short-term investments:	0	0
Long-term investments:	0	0
Total	173,069	231,063
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	56,701	60,584
Short-term investments:	856,377	766,527
Long-term investments:	253,953	299,771
Total	1,167,031	1,126,882
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Long-term investments:	0	0
Total	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	41,688	60,584
Commercial paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Commercial paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	41,688	60,584
Commercial paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	15,013
U.S. Government bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0
U.S. Government bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	15,013
U.S. Government bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	173,069	231,063
Money market funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	173,069	231,063
Money market funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Money market funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	143,491	110,089
Long-term investments:	65,625	132,185
Total	209,116	242,274
U.S. Government agency securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
U.S. Government agency securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	143,491	110,089
Long-term investments:	65,625	132,185
U.S. Government agency securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	183,833	161,994
Total	225,521	222,578
Commercial paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Commercial paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	183,833	161,994
Commercial paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	339,403	358,175
Long-term investments:	109,727	119,881
Total	449,130	478,056
Corporate bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Corporate bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	339,403	358,175
Long-term investments:	109,727	119,881
Corporate bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	119,758	63,773
Long-term investments:	20,355	5,035
Total	155,126	68,808
U.S. Government bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
U.S. Government bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	119,758	63,773
Long-term investments:	20,355	5,035
U.S. Government bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	2,494	25,448
Long-term investments:	45,024	33,422
Total	47,518	58,870
Asset-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Asset-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	2,494	25,448
Long-term investments:	45,024	33,422
Asset-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	7,472
Total	7,472
Foreign government bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	0
Foreign government bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	7,472
Foreign government bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments:	0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	67,398	47,048
Long-term investments:	5,750	9,248
Total	73,148	56,296
Certificates of deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	0	0
Certificates of deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	67,398	47,048
Long-term investments:	5,750	9,248
Certificates of deposit | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Long-term investments:	$ 0	$ 0

Balance Sheet Components (Detai

Balance Sheet Components (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Accounts receivable			$ 79,528	$ 115,518
Allowance for credit losses and revenue reserves	$ (1,233)		(1,233)	(1,276)
Accounts receivable, net			$ 78,295	$ 114,242
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance, July 31, 2020	1,276
Changes to bad debt and revenue reserves	0
Net changes to revenue reserves	(43)	$ 357
Write-offs, net	0
Allowance, October 31, 2020	$ 1,233

Balance Sheet Components (Det_2

Balance Sheet Components (Details 2) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Prepaid expenses	$ 16,363	$ 16,969
Contract costs	10,011	9,588
Deferred costs	7,881	8,399
Deposits and other receivables	11,496	11,033
Prepaid expenses and other current assets	$ 45,751	$ 45,989

Balance Sheet Components (Det_3

Balance Sheet Components (Details 3) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Computer hardware	$ 17,051	$ 16,791
Purchased software	5,843	5,445
Capitalized software development costs	14,746	11,620
Equipment and machinery	11,545	11,438
Furniture and fixtures	9,762	9,792
Leasehold improvements	48,682	46,165
Total property and equipment	107,629	101,251
Less accumulated depreciation	(40,213)	(36,016)
Property and equipment, net	$ 67,416	$ 65,235

Balance Sheet Components (Det_4

Balance Sheet Components (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020	May 31, 2020
Balance Sheet Related Disclosures [Abstract]
Property and equipment pledged as collateral	$ 0		$ 0
Depreciation	3,600,000	$ 3,500,000
Amortization	600,000	300,000
Goodwill	340,877,000		$ 340,877,000
Amortization expense	6,300,000	7,200,000
Investment owned	2,000,000			$ 1,000,000
Impairment loss	$ 0	$ 0

Balance Sheet Components (Det_5

Balance Sheet Components (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Jul. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Cost	$ 140,700	$ 140,700
Accumulated Amortization	107,315	100,992
Net Book Value	33,385	39,708
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Cost	93,600	93,600
Accumulated Amortization	77,717	73,191
Net Book Value	15,883	20,409
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Cost	35,700	35,700
Accumulated Amortization	19,983	18,500
Net Book Value	15,717	17,200
Partner relationships
Finite-Lived Intangible Assets [Line Items]
Cost	200	200
Accumulated Amortization	102	96
Net Book Value	98	104
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	2,500	2,500
Accumulated Amortization	1,071	982
Net Book Value	1,429	1,518
Order backlog
Finite-Lived Intangible Assets [Line Items]
Cost	8,700	8,700
Accumulated Amortization	8,442	8,223
Net Book Value	$ 258	$ 477
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	2 years 7 months 6 days
Weighted Average | Acquired technology
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	1 year 7 months 6 days
Weighted Average | Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years 7 months 6 days
Weighted Average | Partner relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	4 years 4 months 24 days
Weighted Average | Trademarks
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	4 years
Weighted Average | Order backlog
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 months 18 days

Balance Sheet Components (Det_6

Balance Sheet Components (Details 5) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
2021 (remainder of fiscal year)	$ 13,642
2022	11,143
2023	3,799
2024	2,379
2025	1,938
Thereafter	484
Net Book Value	$ 33,385	$ 39,708

Balance Sheet Components (Det_7

Balance Sheet Components (Details 6) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Prepaid expenses	$ 4,577	$ 2,830
Contract costs	23,838	25,221
Deferred costs	4,916	5,729
Strategic equity investments	3,181	1,164
Other assets	$ 36,512	$ 34,944

Balance Sheet Components (Det_8

Balance Sheet Components (Details 7) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Bonus	$ 10,858	$ 20,188
Commission	1,116	7,201
Vacation	22,143	20,637
Salaries, payroll taxes and benefits	10,883	10,521
Accrued employee compensation	$ 45,000	$ 58,547

Balance Sheet Components (Det_9

Balance Sheet Components (Details 8) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Lease liabilities	$ 11,580	$ 10,936
Accrued royalties	5,725	6,651
Accrued taxes	2,116	3,817
Other	3,417	4,302
Other current liabilities	$ 22,838	$ 25,706

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Numerator:
Net income (loss)	$ (20,190)	$ (14,991)
Net income (loss) per share:
Basic (in dollars per share)	$ (0.24)	$ (0.18)
Diluted (in dollars per share)	$ (0.24)	$ (0.18)
Weighted average shares used in computing net income (loss) per share:
Basic (in shares)	83,613,287	82,360,891
Weighted average effect of dilutive stock options (in shares)	0	0
Weighted average effect of dilutive stock awards (in shares)	0	0
Diluted (in shares)	83,613,287	82,360,891

Net Income (Loss) Per Share (_2

Net Income (Loss) Per Share (Details 2) - $ / shares	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Senior Notes | Convertible Debt | On or after October 15, 2024
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Conversion price (in dollars per share)	$ 113.75
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	61,472	206,919
Stock awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	2,263,076	2,028,908

Convertible Senior Notes (Detai

Convertible Senior Notes (Details) - Senior Notes - Convertible Debt $ / shares in Units, $ in Thousands	1 Months Ended
	Mar. 31, 2018USD ($)dayshares	Oct. 31, 2020USD ($)$ / shares	Jul. 31, 2020USD ($)
Debt Instrument [Line Items]
Aggregate principal amount		$ 400,000	$ 400,000
Stated interest rate	1.25%
Proceeds from issuance of convertible senior notes, net of issuance costs	$ 387,200
On or after October 15, 2024
Debt Instrument [Line Items]
Number of shares issuable per 1,000 principal converted (in shares) | shares	8.7912
Conversion price (in dollars per share) | $ / shares		$ 113.75
On or after March 20, 2022
Debt Instrument [Line Items]
Debt instrument, redemption, percent	100.00%
Threshold percentage of stock price trigger	130.00%
Threshold trading days | day	20
Conversion notice period	30 days

Convertible Senior Notes - Net

Convertible Senior Notes - Net carrying value of the liability component (Details) - Senior Notes - Convertible Debt - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Debt Instrument [Line Items]
Principal	$ 400,000	$ 400,000
Debt discount	59,487	62,508
Debt issuance costs	6,970	7,284
Net carrying amount	$ 333,543	$ 330,208

Convertible Senior Notes - Sche

Convertible Senior Notes - Schedule of interest expense recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Debt Instrument [Line Items]
Contractual interest expense	$ 4,620	$ 4,429
Senior Notes | Convertible Debt
Debt Instrument [Line Items]
Contractual interest expense	1,250	1,250
Amortization of debt discount	3,020	2,871
Amortization of debt issuance costs	315	284
Total	$ 4,585	$ 4,405
Effective interest rate	5.53%

Convertible Senior Notes - Capp

Convertible Senior Notes - Capped Call (Details) - Capped Call shares in Millions, $ in Millions	Mar. 31, 2018USD ($)$ / Unitshares
Derivative [Line Items]
Derivative amount | $	$ 37.2
Strike price (in usd per share)	113.75
Derivative, cap price (in usd per share)	153.13
Derivative, number of shares covered (in shares) | shares	3.5

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Leases [Abstract]
Operating lease cost	$ 4,372	$ 3,909
Variable lease cost	1,366	1,523
Sublease income	(395)	(380)
Net operating lease cost	5,343	5,052
Lease expense for leases with initial term of 12 months or less	$ 300	$ 300

Leases (Future Operating Lease

Leases (Future Operating Lease Payments) (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021 (remaining)	$ 11,838
2022	18,745
2023	17,198
2024	16,823
2025	17,214
Thereafter	84,960
Total future lease payments	166,778
Less imputed interest	(29,662)
Total lease liability balance	$ 137,116	$ 130,344

Leases (Supplemental Lease Info

Leases (Supplemental Lease Information) (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	$ 108,378	$ 103,797
Current portion of lease liabilities	11,580	10,936
Non-current portion of lease liabilities	125,536	119,408
Total lease liabilities	$ 137,116	$ 130,344
Weighted average remaining lease term (years)	9 years 2 months 1 day	9 years 3 months 7 days
Weighted average discount rate	4.18%	4.34%

Leases (Supplemental Cash and N

Leases (Supplemental Cash and Non-Cash Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Leases [Abstract]
Cash payments for operating leases	$ 5,285	$ 1,383
Operating lease assets obtained in exchange for lease liabilities	$ 9,217	$ 480

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - claim	Oct. 31, 2020	Jul. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Claims outstanding	0	0

Stock-Based Compensation Expe_3

Stock-Based Compensation Expense and Shareholders' Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 28,394	$ 24,765
Net impact of deferred stock-based compensation	(310)	(207)
Total stock-based compensation expense	28,084	24,558
Total stock-based compensation expense	28,084	24,558
Unrecognized Expense	296,860
Cost of subscription and support revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,602	1,633
Cost of license revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	251	180
Cost of services revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,543	5,332
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	7,247	6,181
Sales and marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,977	5,157
General and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	6,464	$ 6,075
Stock Options
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Unrecognized Expense	$ 370
Weighted Average Expected Recognition Period	6 months
Stock Awards
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Unrecognized Expense	$ 296,490
Weighted Average Expected Recognition Period	2 years 9 months 18 days

Stock-Based Compensation Expe_4

Stock-Based Compensation Expense and Shareholders' Equity (Details 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Oct. 31, 2020	Jul. 31, 2020
Number of Stock Options Outstanding
Balance at beginning of period (in shares)	80,332
Granted (in shares)	0
Exercised (in shares)	(39,169)
Canceled (in shares)	(654)
Balance at end of period (in shares)	40,509	80,332
Vested and expected to vest as of January 31, 2020 (in shares)	40,509
Exercisable as of January 31, 2020 (in shares)	34,585
Weighted Average Exercise Price
Balance at beginning of period (in dollars per share)	$ 29.80
Exercised (in dollars per share)	43.80
Canceled (in dollars per share)	11.23
Balance at end of period (in dollars per share)	16.56	$ 29.80
Vested and expected to vest as of January 31, 2020 (in dollars per share)	16.56
Exercisable as of January 31, 2020 (in dollars per share)	$ 17.48
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual Life	5 years 9 months 18 days	5 years 2 months 12 days
Vested and expected to vest as of October 31, 2020	5 years 9 months 18 days
Exercisable as of October 31, 2020	5 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Aggregate Intrinsic Value [Abstract]
Aggregate intrinsic value	$ 3,222	$ 7,058
Exercised	2,461
Vested and expected to vest as of January 31, 2020	3,222
Exercisable as of January 31, 2020	$ 2,719
Share price (in dollars per share)	$ 96.11	$ 117.66
Restricted Stock Units (RSUs)
Number of Stock Awards Outstanding
Balance at beginning of period (in shares)	2,445,698
Granted (in shares)	1,112,046
Released (in shares)	(339,759)
Canceled (in shares)	(88,564)
Balance at end of period (in shares)	3,129,421	2,445,698
Expected to vest as of January 31, 2020 (in shares)	3,129,421
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share)	$ 99.34
Granted (in dollars per share)	111.55
Released (in dollars per share)	90.29
Canceled (in dollars per share)	100.38
Balance at end of period (in dollars per share)	104.63	$ 99.34
Expected to vest as of January 31, 2020 (in dollars per share)	$ 104.63
Aggregate intrinsic value, Nonvested	$ 300,769	$ 287,761
Aggregate intrinsic value, Vested	36,027
Aggregate intrinsic value, Expected to vest	$ 300,769

Stock-Based Compensation Expe_5

Stock-Based Compensation Expense and Shareholders' Equity (Details 3) - TSR PSUs	3 Months Ended
	Oct. 31, 2019
Summary of assumptions for fair value of employee stock option estimates
Expected term (in years)	2 years 10 months 24 days
Risk-free interest rate	1.50%
Expected volatility of the Company	28.40%
Average expected volatility of the peer companies in the S&P Index	37.00%
Expected dividend yield	0.00%

Stock-Based Compensation Expe_6

Stock-Based Compensation Expense and Shareholders' Equity (Details 4) - shares	Oct. 31, 2020	Jul. 31, 2020
Common Stock Reserved for Issuance
Exercise of stock options to purchase common stock (in shares)	40,509	80,332
Stock Options
Common Stock Reserved for Issuance
Exercise of stock options to purchase common stock (in shares)	40,509	80,332
Vesting of restricted stock units (in shares)	3,129,421	2,445,698
Shares available under stock plans (in shares)	21,720,159	23,460,234
Total common stock reserved for issuance (in shares)	24,890,089	25,986,264

Stock-Based Compensation Expe_7

Stock-Based Compensation Expense and Shareholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020
Stockholders Equity and Stock Based Compensation (Additional Textual) [Abstract]
Common stock, shares authorized (in shares)	500,000,000		500,000,000
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Shares issued (in shares)	83,791,856		83,461,925
Shares outstanding (in shares)	83,791,856		83,461,925
Additional percentage of shares reserved	5.00%
Authorized repurchase amount	$ 200,000,000
Shares repurchased (in shares)	48,997
Average price per share (in dollars per share)	$ 102.05
Aggregate purchase price	$ 5,000,000
Remaining authorized amount	$ 195,000,000
PSUs
Class of Stock [Line Items]
Period of time based Vesting	3 years
PSUs | Tranche One
Class of Stock [Line Items]
Award vesting percentage	50.00%
PSUs | Tranche two
Class of Stock [Line Items]
Award vesting percentage	50.00%
TSR PSUs
Class of Stock [Line Items]
Period of time based Vesting	3 years
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Period of time based Vesting	4 years
Share-based compensation expense	$ 3,300,000	$ 3,400,000

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Benefit from income taxes	$ (10,677)	$ (6,650)
Effective income tax rate, continuing operations	35.00%
Percentage of Statutory federal income tax rate	21.00%
Unrecognized tax benefits	$ 300
Unrecognized tax benefits that would impact tax rate	$ 18,200

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended
	Oct. 31, 2020USD ($)segment	Jul. 31, 2020USD ($)
Segment Reporting, Asset Reconciling Item [Line Items]
Number of operating segments | segment	1
Long-lived asset, including intangibles and goodwill
Total	$ 441,678	$ 445,820
Americas
Long-lived asset, including intangibles and goodwill
Total	434,283	440,291
EMEA
Long-lived asset, including intangibles and goodwill
Total	5,984	4,021
APAC
Long-lived asset, including intangibles and goodwill
Total	$ 1,411	$ 1,508