Guidewire Software (GWRE) 10-Q1 Jun 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Apr. 30, 2023	May 30, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2023
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	970 Park Place, Suite 200
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		81,444,895
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001528396
Current Fiscal Year End Date	--07-31
Former Address
Document Information [Line Items]
Entity Address, Address Line One	2850 South Delaware Street, Suite 400
Entity Address, City or Town	San Mateo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94403

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 266,615	$ 606,303
Short-term investments	421,202	369,865
Accounts receivable, net of allowances of $42 and $359, respectively	129,068	143,797
Unbilled accounts receivable, net	128,166	71,515
Prepaid expenses and other current assets	61,454	61,223
Total current assets	1,006,505	1,252,703
Long-term investments	119,098	187,507
Unbilled accounts receivable, net	14,541	13,914
Property and equipment, net	53,595	80,740
Operating lease assets	44,721	90,287
Intangible assets, net	15,840	21,361
Goodwill	372,214	372,192
Deferred tax assets, net	230,526	191,461
Other assets	59,486	56,732
TOTAL ASSETS	1,916,526	2,266,897
CURRENT LIABILITIES:
Accounts payable	35,578	40,440
Accrued employee compensation	72,548	90,962
Deferred revenue, net	143,228	170,776
Other current liabilities	24,074	35,340
Total current liabilities	275,428	337,518
Lease liabilities	36,518	105,123
Convertible senior notes, net	396,743	358,216
Deferred revenue, net	5,688	7,500
Other liabilities	7,042	6,883
Total liabilities	721,419	815,240
STOCKHOLDERS’ EQUITY:
Common stock	8	8
Additional paid-in capital	1,794,531	1,755,476
Accumulated other comprehensive income (loss)	(15,076)	(19,845)
Retained earnings (accumulated deficit)	(584,356)	(283,982)
Total stockholders’ equity	1,195,107	1,451,657
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,916,526	$ 2,266,897

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 42	$ 359

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Revenue:
Total revenue	$ 207,490	$ 197,448	$ 635,383	$ 568,015
Cost of revenue:
Total cost of revenue	108,572	113,524	340,850	313,506
Gross profit:
Total gross profit	98,918	83,924	294,533	254,509
Operating expenses:
Research and development	63,055	58,440	182,927	169,368
Sales and marketing	46,864	44,615	138,113	134,127
General and administrative	46,815	43,273	129,078	118,252
Total operating expenses	156,734	146,328	450,118	421,747
Income (loss) from operations	(57,816)	(62,404)	(155,585)	(167,238)
Interest income	6,627	1,000	16,657	2,373
Interest expense	(1,683)	(4,885)	(5,034)	(14,512)
Other income (expense), net	(3,356)	(6,932)	(5,889)	(13,794)
Income (loss) before provision for (benefit from) income taxes	(56,228)	(73,221)	(149,851)	(193,171)
Provision for (benefit from) income taxes	(10,660)	(15,777)	(25,776)	(43,770)
Net income (loss)	$ (45,568)	$ (57,444)	$ (124,075)	$ (149,401)
Net income (loss) per share:
Basic (in dollars per share)	$ (0.56)	$ (0.69)	$ (1.51)	$ (1.79)
Diluted (in dollars per share)	$ (0.56)	$ (0.69)	$ (1.51)	$ (1.79)
Shares used in computing net income (loss) per share:
Basic (in shares)	81,832,244	83,689,429	82,407,950	83,440,231
Diluted (in shares)	81,832,244	83,689,429	82,407,950	83,440,231
Subscription and support
Revenue:
Total revenue	$ 107,499	$ 86,851	$ 312,321	$ 250,138
Cost of revenue:
Total cost of revenue	52,281	51,831	156,896	148,157
Gross profit:
Total gross profit	55,218	35,020	155,425	101,981
License
Revenue:
Total revenue	50,602	53,894	164,669	163,845
Cost of revenue:
Total cost of revenue	1,243	1,951	4,961	6,544
Gross profit:
Total gross profit	49,359	51,943	159,708	157,301
Services
Revenue:
Total revenue	49,389	56,703	158,393	154,032
Cost of revenue:
Total cost of revenue	55,048	59,742	178,993	158,805
Gross profit:
Total gross profit	$ (5,659)	$ (3,039)	$ (20,600)	$ (4,773)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (45,568)	$ (57,444)	$ (124,075)	$ (149,401)
Foreign currency translation adjustments	(356)	(2,769)	1,828	(5,856)
Unrealized gains (losses) on available-for-sale securities	1,851	(5,163)	4,516	(8,818)
Tax benefit (expense) on unrealized gains (losses) on available-for-sale securities	(421)	1,218	(920)	2,072
Reclassification adjustment for realized gains (losses) included in net income (loss)	(89)	81	(655)	173
Total other comprehensive income (loss)	985	(6,633)	4,769	(12,429)
Comprehensive income (loss)	$ (44,583)	$ (64,077)	$ (119,306)	$ (161,830)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Adoption of Accounting Standards Update ("ASU") 2020-06	Common stock	Additional paid-in capital	Additional paid-in capital Adoption of Accounting Standards Update ("ASU") 2020-06	Accumulated other comprehensive income (loss)	Retained earnings (accumulated deficit)	Retained earnings (accumulated deficit) Adoption of Accounting Standards Update ("ASU") 2020-06
Beginning balance (in shares) at Jul. 31, 2021			83,194,157
Beginning balance at Jul. 31, 2021	$ 1,544,894		$ 8	$ 1,617,204		$ (6,218)	$ (66,100)
Net income (loss)	(51,276)						(51,276)
Issuance of common stock upon exercise of stock options (in shares)			1,518
Issuance of common stock upon exercise of stock options	17			17
Issuance of common stock upon vesting of RSUs (in shares)			335,653
Stock-based compensation	32,533			32,533
Repurchase and retirement of common stock (in shares)			(226,172)
Repurchase and retirement of common stock	(26,262)						(26,262)
Foreign currency translation adjustment	(724)					(724)
Unrealized gain (loss) on available-for-sale securities, net of tax	(868)					(868)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	69					69
Ending balance (in shares) at Oct. 31, 2021			83,305,156
Ending balance at Oct. 31, 2021	1,498,383		$ 8	1,649,754		(7,741)	(143,638)
Beginning balance (in shares) at Jul. 31, 2021			83,194,157
Beginning balance at Jul. 31, 2021	1,544,894		$ 8	1,617,204		(6,218)	(66,100)
Net income (loss)	(149,401)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	173
Ending balance (in shares) at Apr. 30, 2022			83,816,227
Ending balance at Apr. 30, 2022	1,449,650		$ 8	1,721,241		(18,647)	(252,952)
Beginning balance (in shares) at Oct. 31, 2021			83,305,156
Beginning balance at Oct. 31, 2021	1,498,383		$ 8	1,649,754		(7,741)	(143,638)
Net income (loss)	(40,681)						(40,681)
Issuance of common stock upon exercise of stock options (in shares)			7,230
Issuance of common stock upon exercise of stock options	80			80
Issuance of common stock upon vesting of RSUs (in shares)			329,987
Stock-based compensation	38,148			38,148
Repurchase and retirement of common stock (in shares)			(96,373)
Repurchase and retirement of common stock	(11,189)						(11,189)
Foreign currency translation adjustment	(2,363)					(2,363)
Unrealized gain (loss) on available-for-sale securities, net of tax	(1,933)					(1,933)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	23					23
Ending balance (in shares) at Jan. 31, 2022			83,546,000
Ending balance at Jan. 31, 2022	1,480,468		$ 8	1,687,982		(12,014)	(195,508)
Net income (loss)	(57,444)						(57,444)
Issuance of common stock upon exercise of stock options (in shares)			1,684
Issuance of common stock upon exercise of stock options	18			18
Issuance of common stock upon vesting of RSUs (in shares)			268,543
Stock-based compensation	33,241			33,241
Repurchase and retirement of common stock (in shares)			0
Repurchase and retirement of common stock	0						0
Foreign currency translation adjustment	(2,769)					(2,769)
Unrealized gain (loss) on available-for-sale securities, net of tax	(3,945)					(3,945)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	81					81
Ending balance (in shares) at Apr. 30, 2022			83,816,227
Ending balance at Apr. 30, 2022	1,449,650		$ 8	1,721,241		(18,647)	(252,952)
Beginning balance (in shares) at Jul. 31, 2022			84,084,209
Beginning balance at Jul. 31, 2022	1,451,657	$ (28,309)	$ 8	1,755,476	$ (68,003)	(19,845)	(283,982)	$ 39,694
Net income (loss)	(69,318)						(69,318)
Issuance of common stock upon vesting of RSUs (in shares)			373,380
Stock-based compensation	35,249			35,249
Repurchase and retirement of common stock (in shares)			(2,581,478)
Repurchase and retirement of common stock	(200,000)			(40,000)			(160,000)
Foreign currency translation adjustment	(2,701)					(2,701)
Unrealized gain (loss) on available-for-sale securities, net of tax	(1,201)					(1,201)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	$ (216)					(216)
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Ending balance (in shares) at Oct. 31, 2022			81,876,111
Ending balance at Oct. 31, 2022	$ 1,185,161		$ 8	1,682,722		(23,963)	(473,606)
Beginning balance (in shares) at Jul. 31, 2022			84,084,209
Beginning balance at Jul. 31, 2022	1,451,657	(28,309)	$ 8	1,755,476	(68,003)	(19,845)	(283,982)	39,694
Ending balance (in shares) at Jan. 31, 2023			82,212,768
Ending balance at Jan. 31, 2023	1,220,172		$ 8	1,719,020		(16,061)	(482,795)
Beginning balance (in shares) at Jul. 31, 2022			84,084,209
Beginning balance at Jul. 31, 2022	1,451,657	$ (28,309)	$ 8	1,755,476	$ (68,003)	(19,845)	(283,982)	$ 39,694
Net income (loss)	(124,075)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	(655)
Ending balance (in shares) at Apr. 30, 2023			81,711,311
Ending balance at Apr. 30, 2023	1,195,107		$ 8	1,794,531		(15,076)	(584,356)
Beginning balance (in shares) at Oct. 31, 2022			81,876,111
Beginning balance at Oct. 31, 2022	1,185,161		$ 8	1,682,722		(23,963)	(473,606)
Net income (loss)	(9,189)						(9,189)
Issuance of common stock upon exercise of stock options (in shares)			217
Issuance of common stock upon exercise of stock options	2			2
Issuance of common stock upon vesting of RSUs (in shares)			336,440
Stock-based compensation	36,296			36,296
Foreign currency translation adjustment	4,885					4,885
Unrealized gain (loss) on available-for-sale securities, net of tax	3,367					3,367
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	(350)					(350)
Ending balance (in shares) at Jan. 31, 2023			82,212,768
Ending balance at Jan. 31, 2023	1,220,172		$ 8	1,719,020		(16,061)	(482,795)
Net income (loss)	(45,568)						(45,568)
Issuance of common stock upon exercise of stock options (in shares)			6,365
Issuance of common stock upon exercise of stock options	225			225
Issuance of common stock upon vesting of RSUs (in shares)			347,370
Stock-based compensation	35,286			35,286
Repurchase and retirement of common stock (in shares)			(855,192)
Repurchase and retirement of common stock	(15,993)			40,000			(55,993)
Foreign currency translation adjustment	(356)					(356)
Unrealized gain (loss) on available-for-sale securities, net of tax	1,430					1,430
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	(89)					(89)
Ending balance (in shares) at Apr. 30, 2023			81,711,311
Ending balance at Apr. 30, 2023	$ 1,195,107		$ 8	$ 1,794,531		$ (15,076)	$ (584,356)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (124,075)	$ (149,401)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	19,911	25,745
Amortization of debt discount and issuance costs	1,274	10,719
Amortization of contract costs	13,000	9,720
Stock-based compensation	106,294	103,033
Changes to allowance for credit losses and revenue reserves	(304)	2,707
Deferred income tax	(31,034)	(47,457)
Amortization of premium (accretion of discount) on available-for-sale securities, net	(2,458)	4,615
Accelerated depreciation related to lease assignment	26,921	0
Gain from lease assignment	(18,419)	0
Other non-cash items affecting net income (loss)	(315)	221
Changes in operating assets and liabilities:
Accounts receivable	14,756	15,530
Unbilled accounts receivable	(57,278)	(18,450)
Prepaid expenses and other assets	(12,718)	(13,664)
Operating lease assets	(11,348)	8,009
Accounts payable	(6,725)	4,287
Accrued employee compensation	(18,392)	(32,255)
Deferred revenue	(29,360)	(31,218)
Lease liabilities	953	(9,891)
Other liabilities	(5,525)	(3,782)
Net cash provided by (used in) operating activities	(134,842)	(121,532)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(358,823)	(506,006)
Sales of available-for-sale securities	339,849	64,746
Maturities of available-for-sale securities	42,370	627,527
Purchases of property and equipment	(2,614)	(7,976)
Capitalized software development costs	(8,877)	(9,187)
Acquisition of strategic investments	(8,051)	(10,521)
Acquisition of business, net of acquired cash	0	(43,830)
Net cash provided by (used in) investing activities	3,854	114,753
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock upon exercise of stock options	227	116
Repurchase and retirement of common stock	(213,993)	(37,451)
Net cash provided by (used in) financing activities	(213,766)	(37,335)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	1,659	(5,641)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(343,095)	(49,755)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period	614,686	384,910
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period	271,591	335,155
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	5,000	5,000
Cash paid for income taxes, net of tax refunds	4,417	3,672
Accruals for purchase of property and equipment	2,748	164
Accruals for capitalized software development costs	804	910
Accrual for shares repurchased	$ 2,000	$ 0

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies and Estimates	9 Months Ended
	Apr. 30, 2023
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 applications. The Company’s technology platform supports core insurance operations, including underwriting, 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 Company’s condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The condensed consolidated financial statements and 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 GAAP have been condensed or omitted under the rules and regulations of the 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, 2022. Reclassification Effective as of the beginning of fiscal year 2023, the Company revised its allocation methodology and presentation of certain expenses. The change resulted in facilities expenses, information technology infrastructure and software expenses, and information security infrastructure and software expenses being allocated to all functional departments based on headcount, with the remaining previously allocated costs being recorded within general and administrative expenses. The impact was an increase in general and administrative expenses and a decrease in cost of revenue and other operating expense categories. 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 presented herein. Use of Estimates In preparing the condensed consolidated financial statements and related disclosures in conformity with GAAP and pursuant to the rules and regulations of the SEC, the Company must make estimates and judgments that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ materially from these estimates. Significant Accounting Policies 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 its Annual Report on Form 10-K for the fiscal year ended July 31, 2022, except for those disclosed herein. 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”). Prior to the adoption of ASU 2020-06 on August 1, 2022, upon the issuance of the Convertible Senior Notes, the Company separated the Convertible Senior Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that did not have an associated convertible feature. 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. The difference between the principal amount of the Convertible Senior Notes and the liability component was initially recorded as a debt discount and was amortized as interest expense using the effective interest method over the term of the Convertible Senior Notes. Refer to Recently Adopted Accounting Pronouncements section for the adoption impact of ASU 2020-06. Restricted Cash Unearned acquisition consideration holdback subject to service conditions is held in escrow and considered restricted cash. At April 30, 2023, $2.9 million was included in prepaid expenses and other current assets and $2.1 million was included in other assets in the condensed consolidated balance sheet. 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 in the three months ended April 30, 2023 and 2022. No customer accounted for 10% or more of the Company’s revenue in the nine months ended April 30, 2023 or 2022. No customer accounted for 10% or more of the Company's accounts receivable as of April 30, 2023 and July 31, 2022. Recently Adopted Accounting Pronouncements Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity On August 1, 2022, the Company adopted ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40), Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies the accounting for convertible instruments. In addition, this ASU amends the requirement for calculating diluted earnings per share for convertible instruments by using the “if-converted” method instead of the treasury stock method. The use of the “if-converted” method will not impact the Company's diluted earnings per share in the periods in which the Company has a net loss. The Company adopted the ASU using the modified retrospective transition method, and the prior period condensed consolidated financial statements have not been retrospectively adjusted and continue to be reported under the accounting standards in effect for that period. As a result of the adoption, the Company accounts for the Convertible Senior Notes as a single liability and no longer separately accounts for the liability and equity components. The adoption of this ASU also resulted in the de-recognition of a deferred tax liability, which represented a basis difference in the face value of the Convertible Senior Notes due to the previous allocation of a portion of the proceeds to the equity component. Additionally, the Company recorded a cumulative adjustment to decrease the beginning balance of the accumulated deficit on August 1, 2022, which represented a reversal of the previously recorded amortization of debt discount through July 31, 2022. The following table summarizes the adjustments made to the condensed consolidated balance sheet as of August 1, 2022 as a result of applying the modified retrospective adoption method (in thousands): Balances reported as of July 31, 2022 Cumulative effect adjustment due to adoption of ASU 2020-06 Adjusted beginning balance as of August 1, 2022 Deferred tax assets, net $ 191,461 $ 8,944 $ 200,405 Convertible senior notes, net (358,216) (37,253) (395,469) Additional paid-in capital (1,755,476) 68,003 (1,687,473) Accumulated deficit 283,982 (39,694) 244,288 Other Accounting Pronouncements Other recent accounting pronouncements that will be applicable to the Company are not expected to have a material impact on its present or future financial statements.

Revenue

Revenue	9 Months Ended
Revenue	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue Revenue by service or product type is as follows (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Subscription and support Subscription $ 89,091 $ 66,419 $ 254,083 $ 186,419 Support 18,408 20,432 58,238 63,719 License Term license 50,556 53,848 164,512 163,703 Perpetual license 46 46 157 142 Services 49,389 56,703 158,393 154,032 Total revenue $ 207,490 $ 197,448 $ 635,383 $ 568,015 Revenue by service or product type and by geography is as follows (in thousands): Three Months Ended April 30, 2023 Subscription and support License Services Total United States $ 71,764 $ 33,528 $ 33,100 $ 138,392 Canada 18,176 1,932 4,341 24,449 Other Americas 1,441 439 892 2,772 Total Americas 91,381 35,899 38,333 165,613 United Kingdom 2,385 4,334 451 7,170 Other EMEA 7,934 4,017 7,276 19,227 Total EMEA 10,319 8,351 7,727 26,397 Total APAC 5,799 6,352 3,329 15,480 Total revenue $ 107,499 $ 50,602 $ 49,389 $ 207,490 Three Months Ended April 30, 2022 Subscription and support License Services Total United States $ 57,690 $ 35,859 $ 35,842 $ 129,391 Canada 14,276 3,016 8,585 25,877 Other Americas 1,053 454 438 1,945 Total Americas 73,019 39,329 44,865 157,213 United Kingdom 2,288 4,210 946 7,444 Other EMEA 5,991 3,934 8,273 18,198 Total EMEA 8,279 8,144 9,219 25,642 Total APAC 5,553 6,421 2,619 14,593 Total revenue $ 86,851 $ 53,894 $ 56,703 $ 197,448 Nine Months Ended April 30, 2023 Subscription and support License Services Total United States $ 210,189 $ 90,458 $ 107,925 $ 408,572 Canada 51,763 11,537 14,818 78,118 Other Americas 4,397 1,291 1,997 7,685 Total Americas 266,349 103,286 124,740 494,375 United Kingdom 7,535 16,273 1,758 25,566 Other EMEA 21,424 18,211 24,127 63,762 Total EMEA 28,959 34,484 25,885 89,328 Total APAC 17,013 26,899 7,768 51,680 Total revenue $ 312,321 $ 164,669 $ 158,393 $ 635,383 Nine Months Ended April 30, 2022 Subscription and support License Services Total United States $ 166,431 $ 92,445 $ 100,285 $ 359,161 Canada 40,254 13,529 17,830 71,613 Other Americas 3,138 691 1,861 5,690 Total Americas 209,823 106,665 119,976 436,464 United Kingdom 7,038 18,986 2,958 28,982 Other EMEA 16,589 12,027 21,671 50,287 Total EMEA 23,627 31,013 24,629 79,269 Total APAC 16,688 26,167 9,427 52,282 Total revenue $ 250,138 $ 163,845 $ 154,032 $ 568,015 No country or region, other than those presented above, accounted for more than 10% of total revenue during the three and nine months ended April 30, 2023 and 2022. Customer Contract – Related Balance Sheet Amounts Amounts related to customer contract-related arrangements are included on the condensed consolidated balance sheets as follows (in thousands): April 30, 2023 July 31, 2022 Unbilled accounts receivable, net $ 142,707 $ 85,429 Contract costs, net $ 41,213 $ 44,235 Deferred revenue, net $ 148,916 $ 178,276 As of April 30, 2023 and July 31, 2022, there was no allowance for credit losses associated with unbilled accounts receivable. Contract costs The current portion of contract costs of $14.9 million and $14.8 million is included in prepaid and other current assets in the Company’s condensed consolidated balance sheets as of April 30, 2023 and July 31, 2022, respectively. The non-current portion of contract costs of $26.3 million and $29.4 million is included in other assets in the Company’s condensed consolidated balance sheets as of April 30, 2023 and July 31, 2022, respectively. The Company amortized $4.4 million and $3.4 million of contract costs during the three months ended April 30, 2023 and 2022, respectively, and amortized $13.0 million and $9.7 million during the nine months ended April 30, 2023 and 2022, respectively. Deferred revenue During the three and nine months ended April 30, 2023, the Company recognized revenue of approximately $27.9 million and $152.2 million, respectively, related to the Company’s deferred revenue balance reported as of July 31, 2022. Remaining Performance Obligations The aggregate amount of consideration allocated to remaining performance obligations either not satisfied or partially satisfied was approximately $1.2 billion as of April 30, 2023. 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 remaining performance obligations calculation as these arrangements can be cancelled at any time.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Apr. 30, 2023
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): April 30, 2023 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Commercial paper $ 161,716 $ — $ — $ 161,716 Corporate bonds 217,731 136 (2,402) 215,465 Certificates of deposit 28,468 — — 28,468 U.S. Government bonds 47,698 96 (1,094) 46,700 Money market funds 127,872 — — 127,872 U.S. Government agency securities 89,464 88 (128) 89,424 Asset-backed securities 50,790 11 (336) 50,465 Foreign government bonds 14,608 13 (259) 14,362 Total $ 738,347 $ 344 $ (4,219) $ 734,472 July 31, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Commercial paper $ 197,998 $ — $ — $ 197,998 Corporate bonds 320,474 8 (4,880) 315,602 Certificates of deposit 43,715 — — 43,715 U.S. Government bonds 47,014 — (1,312) 45,702 Money market funds 349,492 — — 349,492 U.S. Government agency securities 37,572 — (586) 36,986 Asset-backed securities 54,782 — (611) 54,171 Foreign government bonds 15,109 — (361) 14,748 Municipal bonds 205 — — 205 Total $ 1,066,361 $ 8 $ (7,750) $ 1,058,619 The Company does not consider any portion of the unrealized losses at April 30, 2023 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 unrealized 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 are presented in the condensed consolidated statements of comprehensive income (loss). The following table summarizes the contractual maturities of the Company’s available-for-sale investments measured at fair value (in thousands): April 30, 2023 Less Than 12 Months 12 Months or Greater Total Commercial paper $ 161,716 $ — $ 161,716 Corporate bonds 185,314 30,151 215,465 Certificates of deposit 28,468 — 28,468 U.S. Government bonds 14,275 32,425 46,700 Money market funds 127,872 — 127,872 U.S. Government agency securities 86,171 3,253 89,424 Asset-backed securities 3,623 46,842 50,465 Foreign government bonds 7,935 6,427 14,362 Total $ 615,374 $ 119,098 $ 734,472 Fair Value Measurement 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): April 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 54,339 $ — $ 54,339 U.S. Government bonds — 1,979 — 1,979 Money market funds 127,872 — — 127,872 U.S. Government agency securities — 9,982 — 9,982 Total cash equivalents 127,872 66,300 — 194,172 Short-term investments: Commercial paper — 107,377 — 107,377 Corporate bonds — 185,314 — 185,314 Certificates of deposit — 28,468 — 28,468 U.S. Government bonds — 12,296 — 12,296 U.S. Government agency securities — 76,189 — 76,189 Asset-backed securities — 3,623 — 3,623 Foreign government bonds — 7,935 — 7,935 Total short-term investments — 421,202 — 421,202 Long-term investments: Corporate bonds — 30,151 — 30,151 U.S. Government bonds — 32,425 — 32,425 U.S. Government agency securities — 3,253 — 3,253 Asset-backed securities — 46,842 — 46,842 Foreign government bonds — 6,427 — 6,427 Total long-term investments — 119,098 — 119,098 Total $ 127,872 $ 606,600 $ — $ 734,472 July 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 132,066 $ — $ 132,066 Certificates of deposit — 9,689 — 9,689 Money market funds 349,492 — — 349,492 U.S. Government agency securities — 10,000 — 10,000 Total cash equivalents 349,492 151,755 — 501,247 Short-term investments: Commercial paper — 65,932 — 65,932 Corporate bonds — 203,960 — 203,960 Certificates of deposit — 34,026 — 34,026 U.S. Government bonds — 25,429 — 25,429 U.S. Government agency securities — 26,986 — 26,986 Asset-backed securities — 8,627 — 8,627 Foreign government bonds — 4,700 — 4,700 Municipal bonds — 205 — 205 Total short-term investments — 369,865 — 369,865 Long-term investments: Corporate bonds — 111,642 — 111,642 U.S. Government bonds — 20,273 — 20,273 Asset-backed securities — 45,544 — 45,544 Foreign government bonds — 10,048 — 10,048 Total long-term investments — 187,507 — 187,507 Total $ 349,492 $ 709,127 $ — $ 1,058,619 Convertible Senior Notes The fair value of the Convertible Senior Notes was $382.0 million and $387.6 million at April 30, 2023 and July 31, 2022, respectively. 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 in markets that are not active (Level 2). Effective August 1, 2022 with the adoption of ASU 2020-06, the Company carries the Convertible Senior Notes at par value less unamortized debt issuance costs on its condensed consolidated balance sheets. For further information on the Convertible Senior Notes, see Note 6 “Convertible Senior Notes”. Strategic Equity Investments 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. During the three and nine months ended April 30, 2023, the Company invested $2.2 million and $8.3 million in new and existing strategic equity investments, respectively. At April 30, 2023 and July 31, 2022, the Company’s total strategic equity investments was $26.0 million and $18.0 million, respectively. No impairment charge or unrealized gain or loss related to strategic investments were recognized during the three and nine months ended April 30, 2023 and 2022.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
Balance Sheet Components	Apr. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components Property and Equipment, Net Property and equipment consist of the following (in thousands): April 30, 2023 July 31, 2022 Computer hardware $ 15,702 $ 14,472 Purchased software 5,082 5,124 Capitalized software development costs 48,596 38,724 Equipment and machinery 2,833 8,248 Furniture and fixtures 5,868 11,467 Leasehold improvements 22,665 59,059 Total property and equipment 100,746 137,094 Less accumulated depreciation (47,151) (56,354) Property and equipment, net $ 53,595 $ 80,740 As of April 30, 2023 and July 31, 2022, no property and equipment was pledged as collateral. Depreciation expense, excluding the amortization of capitalized software development costs, was $28.6 million and $3.6 million for the three months ended April 30, 2023 and 2022, respectively, and $34.7 million and $10.8 million for the nine months ended April 30, 2023 and 2022, respectively. Depreciation expense for the three and nine months ended April 30, 2023 includes $26.9 million of accelerated depreciation expense, recorded from the date the lease was signed through the date that the lease term ended, related to the assignment to an unrelated third party of the Company’s previous office headquarters which was recognized in general and administrative expenses on the condensed consolidated statements of operations. Refer to Note 7 “Leases” for information about the lease assignment of the previous office headquarters.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
Net Income (Loss) Per Share	Apr. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share The Company calculates basic earnings per share by dividing the net income (loss) by the weighted average number of shares of common stock outstanding for the period. For options to purchase common stock and Stock Awards, the Company uses the treasury stock method for calculating diluted earnings per share in all periods presented. Effective August 1, 2022, the Company adopted ASU 2020-06 which requires the use of the if-converted method for the Convertible Senior Notes. Prior to August 1, 2022, the Company used the treasury stock method for the Convertible Senior Notes. The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the three and nine months ended April 30, 2023 and 2022 (in thousands, except share and per share amounts): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Numerator: Net income (loss) $ (45,568) $ (57,444) $ (124,075) $ (149,401) Net income (loss) per share: Basic and diluted $ (0.56) $ (0.69) $ (1.51) $ (1.79) Denominator: Weighted average shares used in computing net income (loss) per share: Basic and diluted 81,832,244 83,689,429 82,407,950 83,440,231 The following weighted average shares of potential common stock were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been anti-dilutive: Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Stock options 40,041 14,942 13,243 20,008 Stock awards 2,547,035 617,209 2,082,196 1,983,783 Convertible senior notes 3,516,480 — 3,516,480 44,556 During the three and nine months ended April 30, 2023, the average market price of the Company’s common stock did not exceed the initial conversion price of the Convertible Senior Notes. During the three months ended April 30, 2022, the average market price of the Company’s common stock did not exceed the initial conversion price of the Convertible Senior Notes.

Convertible Senior Notes

Convertible Senior Notes	9 Months Ended
Convertible Senior Notes	Apr. 30, 2023
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 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): April 30, 2023 July 31, 2022 Principal $ 400,000 $ 400,000 Less unamortized: Debt discount (1) — 37,253 Debt issuance costs 3,257 4,531 Net carrying amount $ 396,743 $ 358,216 (1) Effective August 1, 2022, the Company adopted ASU 2020-06 using the modified retrospective method which resulted in the accounting for the Convertible Senior Notes as a single liability and no longer required the liability and equity components to be accounted for separately. The prior period has not been retrospectively adjusted and continues to be reported under the accounting standards in effect for that period. The effective interest rate of the Convertible Senior Notes after the adoption of ASU 2020-06 on August 1, 2022 is 1.69%. Prior to the adoption of ASU 2020-06, the effective interest rate of the Convertible Senior Notes was 5.53%. The following table sets forth the interest expense recognized related to the Convertible Senior Notes (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Contractual interest expense $ 1,250 $ 1,250 $ 3,750 $ 3,750 Amortization of debt discount (1) — 3,257 — 9,648 Amortization of debt issuance costs 426 366 1,274 1,071 Total $ 1,676 $ 4,873 $ 5,024 $ 14,469 (1) Effective August 1, 2022, the Company adopted ASU 2020-06 using the modified retrospective method which resulted in the accounting for the Convertible Senior Notes as a single liability and no longer required the amortization of debt discount. The prior period has not been retrospectively adjusted and continues to be reported under the accounting standards in effect for that period. As of April 30, 2023, the if-converted value did not exceed the outstanding principal of the Convertible Senior Notes.

Leases

Leases	9 Months Ended
Leases	Apr. 30, 2023
Leases [Abstract]
Leases	Leases The Company's lease obligations consist of operating leases for office facilities and equipment, with lease periods expiring through fiscal year 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. In February 2023, the Company assigned (“the Lease Assignment”) the remaining lease term of its previous headquarters and concurrently entered into a sublease for office space in San Mateo, California with the same third party for its new worldwide headquarters. As a result of the Lease Assignment, the Company recognized an $8.5 million loss in general and administrative operating expenses during the three and nine months ended April 30, 2023 on the condensed consolidated statements of operations. The loss is comprised of an $18.4 million gain from the de-recognition of the operating lease asset of $56.9 million, the de-recognition of the lease liability of $75.5 million, and other expenses related to the Lease Assignment of $0.2 million, offset by accelerated depreciation expense related to property and equipment, primarily consisting of leasehold improvements, at the previous headquarters of $26.9 million. In April 2023, the Company was granted access to a portion of its new worldwide headquarters and recognized a $17.3 million operating lease asset and $9.8 million lease liability. The difference consists of initial direct costs and lease incentives given related to the Lease Assignment. The Company expects access to the remaining portion of its new worldwide headquarters in the fourth quarter of fiscal year 2023, at which point the Company will record an additional operating lease asset and lease liability. Components of operating lease costs were as follows (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Operating lease cost 1 $ 1,724 $ 3,862 $ 9,524 $ 12,047 Variable lease cost 1,157 1,280 3,617 4,130 Sublease income (206) (378) (898) (1,124) Net operating lease cost $ 2,675 $ 4,764 $ 12,243 $ 15,053 (1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.2 million and $0.2 million for the three months ended April 30, 2023 and 2022, respectively, and $0.7 million and $0.6 million for the nine months ended April 30, 2023 and 2022, respectively. Future operating lease payments as of April 30, 2023 were as follows (in thousands): Fiscal Year Ending July 31, 2023 (remainder of fiscal year) $ 1,366 2024 8,390 2025 8,073 2026 7,667 2027 6,717 2028 3,646 Thereafter 12,218 Total future lease payments 48,077 Less imputed interest (5,267) Total lease liability balance $ 42,810 Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate): April 30, 2023 July 31, 2022 Operating lease assets $ 44,721 $ 90,287 Current portion of lease liabilities $ 6,292 $ 12,238 Non-current portion of lease liabilities 36,518 105,123 Total lease liabilities $ 42,810 $ 117,361 Weighted average remaining lease term (years) 6.89 7.65 Weighted average discount rate 3.50 % 4.00 % The Lease Assignment executed in February 2023 resulted in a reduction of the associated operating lease assets and lease liabilities as stated above. Supplemental cash and non-cash information related to operating leases was as follows (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Cash payments for operating leases $ 1,941 $ 4,234 $ 10,797 $ 14,579 Operating lease assets obtained in exchange for lease liabilities $ (46,836) $ 1,230 $ (46,781) $ 1,663

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Apr. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Except as discussed below, 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, 2022. Effective during the nine months ended April 30, 2023, the Company terminated its existing agreement and entered into a new agreement with a cloud infrastructure services provider for a total obligation of $600 million over a five-year period. Effective during the nine months ended April 30, 2023, the Company assigned the remaining lease term of its previous headquarters and concurrently entered into a sublease for office space in San Mateo, California with the same third party for its new worldwide headquarters. See Note 7 “Leases”. See the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2022 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 recorded any accrual for claims as of April 30, 2023 or July 31, 2022. 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 expenses legal fees in the period in which they are incurred. 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 April 30, 2023 or July 31, 2022. 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	9 Months Ended
Stock-Based Compensation Expense and Shareholders' Equity	Apr. 30, 2023
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 Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Stock-based compensation expense $ 35,284 $ 33,241 $ 106,829 $ 103,921 Net impact of deferred stock-based compensation (265) (313) (535) (888) Total stock-based compensation expense, net $ 35,019 $ 32,928 $ 106,294 $ 103,033 Stock-based compensation expense is included in the following categories: Cost of subscription and support revenue $ 3,580 $ 3,450 $ 10,488 $ 9,886 Cost of license revenue 93 170 359 541 Cost of services revenue 4,631 5,025 14,377 15,766 Research and development 10,084 8,124 29,676 24,840 Sales and marketing 7,432 6,787 22,343 24,279 General and administrative 9,199 9,372 29,051 27,721 Total stock-based compensation expense $ 35,019 $ 32,928 $ 106,294 $ 103,033 Total unrecognized stock-based compensation expense related to the Company’s stock options and Stock Awards as of April 30, 2023 is as follows: Unrecognized Expense Weighted Average Expected Recognition Period Stock Options $ 3,099 1.3 Stock Awards 282,157 2.6 Total unrecognized stock-based compensation expense $ 285,256 Stock Awards A summary of 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, 2022 2,785,353 $ 110.47 $ 216,478 Granted 2,188,020 $ 66.08 Released (1,057,190) $ 102.67 $ 73,090 Canceled (231,910) $ 100.96 Balance as of April 30, 2023 3,684,273 $ 86.94 $ 280,705 Expected to vest as of April 30, 2023 3,684,273 $ 86.94 $ 280,705 (1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $76.19 and $77.72 on April 30, 2023 and July 31, 2022, respectively. Aggregate intrinsic value for released Stock Awards represents the total market value of released Stock Awards at date of release. Stock Options A summary of 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, 2022 75,706 $ 61.93 8.7 $ 1,196 Granted 121,168 $ 66.76 Exercised (6,582) $ 34.60 $ 255 Canceled (2,720) $ 69.60 Balance as of April 30, 2023 187,572 $ 65.90 9.1 $ 2,114 Vested and expected to vest as of April 30, 2023 187,572 $ 65.90 9.1 $ 2,114 Exercisable as of April 30, 2023 8,224 $ 11.64 3.8 $ 531 (1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $76.19 and $77.72 on April 30, 2023 and July 31, 2022, 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. Share Repurchase Program In September 2022, the Company's board of directors authorized and approved a share repurchase program of up to $400.0 million of the Company's outstanding common stock. Share repurchases under the program may be made from time to time, in the open market, in privately negotiated transactions and otherwise, at the discretion of management of the Company and in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act, and other applicable legal requirements. Such repurchases may also be made in compliance with Rule 10b5-1 trading plans entered into by the Company. In September 2022, the Company entered into an accelerated share repurchase (“ASR”) agreement with a large financial institution whereupon the Company provided them with a prepayment of $200.0 million and received an initial delivery of 2,581,478 shares of the Company’s common stock. Under the terms of the ASR, the total number of shares delivered and average price paid per share will be determined upon settlement based on the volume weighted average price over the term of the ASR, less an agreed upon discount. At settlement, the financial institution may be required to deliver additional shares of the Company’s common stock to the Company or, under certain circumstances, the Company may be required to make a cash payment or deliver shares of the Company’s common stock to the financial institution, with the method of settlement at the Company’s election. As of April 30, 2023, the ASR was settled in full with the delivery of an additional 648,001 shares of common stock which resulted in total repurchases under the ASR of 3,229,479 shares of common stock at an average purchase price of $61.93 per share. In addition to the shares received upon settlement of the ASR, the Company repurchased 207,191 shares at an average price of $77.19 per share under the approved share repurchase program during the three months ended April 30, 2023. During the nine months ended April 30, 2023, the Company repurchased a total of 3,436,670 shares at an average price of $62.85 per share. As of April 30, 2023, $184.0 million remained available for future share repurchases.

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies and Estimates (Policies)	9 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company	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 applications. The Company’s technology platform supports core insurance operations, including underwriting, 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 Company’s condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The condensed consolidated financial statements and 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 GAAP have been condensed or omitted under the rules and regulations of the SEC.
Reclassification	Reclassification Effective as of the beginning of fiscal year 2023, the Company revised its allocation methodology and presentation of certain expenses. The change resulted in facilities expenses, information technology infrastructure and software expenses, and information security infrastructure and software expenses being allocated to all functional departments based on headcount, with the remaining previously allocated costs being recorded within general and administrative expenses. The impact was an increase in general and administrative expenses and a decrease in cost of revenue and other operating expense categories. 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 presented herein.
Use of Estimates	Use of Estimates In preparing the condensed consolidated financial statements and related disclosures in conformity with GAAP and pursuant to the rules and regulations of the SEC, the Company must make estimates and judgments that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ materially from these estimates.
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”). Prior to the adoption of ASU 2020-06 on August 1, 2022, upon the issuance of the Convertible Senior Notes, the Company separated the Convertible Senior Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that did not have an associated convertible feature. 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. The difference between the principal amount of the Convertible Senior Notes and the liability component was initially recorded as a debt discount and was amortized as interest expense using the effective interest method over the term of the Convertible Senior Notes. Refer to Recently Adopted Accounting Pronouncements section for the adoption impact of ASU 2020-06.
Restricted Cash	Restricted Cash Unearned acquisition consideration holdback subject to service conditions is held in escrow and considered restricted cash. At April 30, 2023, $2.9 million was included in prepaid expenses and other current assets and $2.1 million was included in other assets in the condensed consolidated balance sheet.
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.
Recent Accounting Pronouncements Not Yet Adopted; Other Accounting Pronouncements	Recently Adopted Accounting Pronouncements Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity On August 1, 2022, the Company adopted ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40), Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies the accounting for convertible instruments. In addition, this ASU amends the requirement for calculating diluted earnings per share for convertible instruments by using the “if-converted” method instead of the treasury stock method. The use of the “if-converted” method will not impact the Company's diluted earnings per share in the periods in which the Company has a net loss. The Company adopted the ASU using the modified retrospective transition method, and the prior period condensed consolidated financial statements have not been retrospectively adjusted and continue to be reported under the accounting standards in effect for that period. As a result of the adoption, the Company accounts for the Convertible Senior Notes as a single liability and no longer separately accounts for the liability and equity components. The adoption of this ASU also resulted in the de-recognition of a deferred tax liability, which represented a basis difference in the face value of the Convertible Senior Notes due to the previous allocation of a portion of the proceeds to the equity component. Additionally, the Company recorded a cumulative adjustment to decrease the beginning balance of the accumulated deficit on August 1, 2022, which represented a reversal of the previously recorded amortization of debt discount through July 31, 2022. The following table summarizes the adjustments made to the condensed consolidated balance sheet as of August 1, 2022 as a result of applying the modified retrospective adoption method (in thousands): Balances reported as of July 31, 2022 Cumulative effect adjustment due to adoption of ASU 2020-06 Adjusted beginning balance as of August 1, 2022 Deferred tax assets, net $ 191,461 $ 8,944 $ 200,405 Convertible senior notes, net (358,216) (37,253) (395,469) Additional paid-in capital (1,755,476) 68,003 (1,687,473) Accumulated deficit 283,982 (39,694) 244,288 Other Accounting Pronouncements Other recent accounting pronouncements that will be applicable to the Company are not expected to have a material impact on its present or future financial statements.

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies and Estimates (Tables)	9 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Prior Period Adjustments	The following table summarizes the adjustments made to the condensed consolidated balance sheet as of August 1, 2022 as a result of applying the modified retrospective adoption method (in thousands): Balances reported as of July 31, 2022 Cumulative effect adjustment due to adoption of ASU 2020-06 Adjusted beginning balance as of August 1, 2022 Deferred tax assets, net $ 191,461 $ 8,944 $ 200,405 Convertible senior notes, net (358,216) (37,253) (395,469) Additional paid-in capital (1,755,476) 68,003 (1,687,473) Accumulated deficit 283,982 (39,694) 244,288

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue by service or product type is as follows (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Subscription and support Subscription $ 89,091 $ 66,419 $ 254,083 $ 186,419 Support 18,408 20,432 58,238 63,719 License Term license 50,556 53,848 164,512 163,703 Perpetual license 46 46 157 142 Services 49,389 56,703 158,393 154,032 Total revenue $ 207,490 $ 197,448 $ 635,383 $ 568,015 Revenue by service or product type and by geography is as follows (in thousands): Three Months Ended April 30, 2023 Subscription and support License Services Total United States $ 71,764 $ 33,528 $ 33,100 $ 138,392 Canada 18,176 1,932 4,341 24,449 Other Americas 1,441 439 892 2,772 Total Americas 91,381 35,899 38,333 165,613 United Kingdom 2,385 4,334 451 7,170 Other EMEA 7,934 4,017 7,276 19,227 Total EMEA 10,319 8,351 7,727 26,397 Total APAC 5,799 6,352 3,329 15,480 Total revenue $ 107,499 $ 50,602 $ 49,389 $ 207,490 Three Months Ended April 30, 2022 Subscription and support License Services Total United States $ 57,690 $ 35,859 $ 35,842 $ 129,391 Canada 14,276 3,016 8,585 25,877 Other Americas 1,053 454 438 1,945 Total Americas 73,019 39,329 44,865 157,213 United Kingdom 2,288 4,210 946 7,444 Other EMEA 5,991 3,934 8,273 18,198 Total EMEA 8,279 8,144 9,219 25,642 Total APAC 5,553 6,421 2,619 14,593 Total revenue $ 86,851 $ 53,894 $ 56,703 $ 197,448
Contract with Customer, Asset and Liability	Amounts related to customer contract-related arrangements are included on the condensed consolidated balance sheets as follows (in thousands): April 30, 2023 July 31, 2022 Unbilled accounts receivable, net $ 142,707 $ 85,429 Contract costs, net $ 41,213 $ 44,235 Deferred revenue, net $ 148,916 $ 178,276

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Apr. 30, 2023
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): April 30, 2023 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Commercial paper $ 161,716 $ — $ — $ 161,716 Corporate bonds 217,731 136 (2,402) 215,465 Certificates of deposit 28,468 — — 28,468 U.S. Government bonds 47,698 96 (1,094) 46,700 Money market funds 127,872 — — 127,872 U.S. Government agency securities 89,464 88 (128) 89,424 Asset-backed securities 50,790 11 (336) 50,465 Foreign government bonds 14,608 13 (259) 14,362 Total $ 738,347 $ 344 $ (4,219) $ 734,472 July 31, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Commercial paper $ 197,998 $ — $ — $ 197,998 Corporate bonds 320,474 8 (4,880) 315,602 Certificates of deposit 43,715 — — 43,715 U.S. Government bonds 47,014 — (1,312) 45,702 Money market funds 349,492 — — 349,492 U.S. Government agency securities 37,572 — (586) 36,986 Asset-backed securities 54,782 — (611) 54,171 Foreign government bonds 15,109 — (361) 14,748 Municipal bonds 205 — — 205 Total $ 1,066,361 $ 8 $ (7,750) $ 1,058,619
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): April 30, 2023 Less Than 12 Months 12 Months or Greater Total Commercial paper $ 161,716 $ — $ 161,716 Corporate bonds 185,314 30,151 215,465 Certificates of deposit 28,468 — 28,468 U.S. Government bonds 14,275 32,425 46,700 Money market funds 127,872 — 127,872 U.S. Government agency securities 86,171 3,253 89,424 Asset-backed securities 3,623 46,842 50,465 Foreign government bonds 7,935 6,427 14,362 Total $ 615,374 $ 119,098 $ 734,472
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): April 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 54,339 $ — $ 54,339 U.S. Government bonds — 1,979 — 1,979 Money market funds 127,872 — — 127,872 U.S. Government agency securities — 9,982 — 9,982 Total cash equivalents 127,872 66,300 — 194,172 Short-term investments: Commercial paper — 107,377 — 107,377 Corporate bonds — 185,314 — 185,314 Certificates of deposit — 28,468 — 28,468 U.S. Government bonds — 12,296 — 12,296 U.S. Government agency securities — 76,189 — 76,189 Asset-backed securities — 3,623 — 3,623 Foreign government bonds — 7,935 — 7,935 Total short-term investments — 421,202 — 421,202 Long-term investments: Corporate bonds — 30,151 — 30,151 U.S. Government bonds — 32,425 — 32,425 U.S. Government agency securities — 3,253 — 3,253 Asset-backed securities — 46,842 — 46,842 Foreign government bonds — 6,427 — 6,427 Total long-term investments — 119,098 — 119,098 Total $ 127,872 $ 606,600 $ — $ 734,472 July 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Commercial paper $ — $ 132,066 $ — $ 132,066 Certificates of deposit — 9,689 — 9,689 Money market funds 349,492 — — 349,492 U.S. Government agency securities — 10,000 — 10,000 Total cash equivalents 349,492 151,755 — 501,247 Short-term investments: Commercial paper — 65,932 — 65,932 Corporate bonds — 203,960 — 203,960 Certificates of deposit — 34,026 — 34,026 U.S. Government bonds — 25,429 — 25,429 U.S. Government agency securities — 26,986 — 26,986 Asset-backed securities — 8,627 — 8,627 Foreign government bonds — 4,700 — 4,700 Municipal bonds — 205 — 205 Total short-term investments — 369,865 — 369,865 Long-term investments: Corporate bonds — 111,642 — 111,642 U.S. Government bonds — 20,273 — 20,273 Asset-backed securities — 45,544 — 45,544 Foreign government bonds — 10,048 — 10,048 Total long-term investments — 187,507 — 187,507 Total $ 349,492 $ 709,127 $ — $ 1,058,619

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
Balance Sheet Components (Tables)	Apr. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Property and equipment, net	Property and Equipment, Net Property and equipment consist of the following (in thousands): April 30, 2023 July 31, 2022 Computer hardware $ 15,702 $ 14,472 Purchased software 5,082 5,124 Capitalized software development costs 48,596 38,724 Equipment and machinery 2,833 8,248 Furniture and fixtures 5,868 11,467 Leasehold improvements 22,665 59,059 Total property and equipment 100,746 137,094 Less accumulated depreciation (47,151) (56,354) Property and equipment, net $ 53,595 $ 80,740

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
Net Income (Loss) Per Share (Tables)	Apr. 30, 2023
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 for the three and nine months ended April 30, 2023 and 2022 (in thousands, except share and per share amounts): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Numerator: Net income (loss) $ (45,568) $ (57,444) $ (124,075) $ (149,401) Net income (loss) per share: Basic and diluted $ (0.56) $ (0.69) $ (1.51) $ (1.79) Denominator: Weighted average shares used in computing net income (loss) per share: Basic and diluted 81,832,244 83,689,429 82,407,950 83,440,231
Schedule of Antidilutive Securities excluded from EPS	The following weighted average shares of potential common stock were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been anti-dilutive: Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Stock options 40,041 14,942 13,243 20,008 Stock awards 2,547,035 617,209 2,082,196 1,983,783 Convertible senior notes 3,516,480 — 3,516,480 44,556

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	9 Months Ended
Convertible Senior Notes (Tables)	Apr. 30, 2023
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): April 30, 2023 July 31, 2022 Principal $ 400,000 $ 400,000 Less unamortized: Debt discount (1) — 37,253 Debt issuance costs 3,257 4,531 Net carrying amount $ 396,743 $ 358,216 (1) Effective August 1, 2022, the Company adopted ASU 2020-06 using the modified retrospective method which resulted in the accounting for the Convertible Senior Notes as a single liability and no longer required the liability and equity components to be accounted for separately. The prior period has not been retrospectively adjusted and continues to be reported under the accounting standards in effect for that period. The effective interest rate of the Convertible Senior Notes after the adoption of ASU 2020-06 on August 1, 2022 is 1.69%. Prior to the adoption of ASU 2020-06, the effective interest rate of the Convertible Senior Notes was 5.53%. The following table sets forth the interest expense recognized related to the Convertible Senior Notes (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Contractual interest expense $ 1,250 $ 1,250 $ 3,750 $ 3,750 Amortization of debt discount (1) — 3,257 — 9,648 Amortization of debt issuance costs 426 366 1,274 1,071 Total $ 1,676 $ 4,873 $ 5,024 $ 14,469 (1) Effective August 1, 2022, the Company adopted ASU 2020-06 using the modified retrospective method which resulted in the accounting for the Convertible Senior Notes as a single liability and no longer required the amortization of debt discount. The prior period has not been retrospectively adjusted and continues to be reported under the accounting standards in effect for that period.

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Apr. 30, 2023
Leases [Abstract]
Components of Lease Cost	Components of operating lease costs were as follows (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Operating lease cost 1 $ 1,724 $ 3,862 $ 9,524 $ 12,047 Variable lease cost 1,157 1,280 3,617 4,130 Sublease income (206) (378) (898) (1,124) Net operating lease cost $ 2,675 $ 4,764 $ 12,243 $ 15,053 (1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.2 million and $0.2 million for the three months ended April 30, 2023 and 2022, respectively, and $0.7 million and $0.6 million for the nine months ended April 30, 2023 and 2022, respectively. Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate): April 30, 2023 July 31, 2022 Operating lease assets $ 44,721 $ 90,287 Current portion of lease liabilities $ 6,292 $ 12,238 Non-current portion of lease liabilities 36,518 105,123 Total lease liabilities $ 42,810 $ 117,361 Weighted average remaining lease term (years) 6.89 7.65 Weighted average discount rate 3.50 % 4.00 % The Lease Assignment executed in February 2023 resulted in a reduction of the associated operating lease assets and lease liabilities as stated above. Supplemental cash and non-cash information related to operating leases was as follows (in thousands): Three Months Ended Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Cash payments for operating leases $ 1,941 $ 4,234 $ 10,797 $ 14,579 Operating lease assets obtained in exchange for lease liabilities $ (46,836) $ 1,230 $ (46,781) $ 1,663
Future Operating Lease Payments	Future operating lease payments as of April 30, 2023 were as follows (in thousands): Fiscal Year Ending July 31, 2023 (remainder of fiscal year) $ 1,366 2024 8,390 2025 8,073 2026 7,667 2027 6,717 2028 3,646 Thereafter 12,218 Total future lease payments 48,077 Less imputed interest (5,267) Total lease liability balance $ 42,810

Stock-Based Compensation Expe_2

Stock-Based Compensation Expense and Shareholders' Equity (Tables)	9 Months Ended
	Apr. 30, 2023
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 Nine Months Ended April 30, April 30, 2023 2022 2023 2022 Stock-based compensation expense $ 35,284 $ 33,241 $ 106,829 $ 103,921 Net impact of deferred stock-based compensation (265) (313) (535) (888) Total stock-based compensation expense, net $ 35,019 $ 32,928 $ 106,294 $ 103,033 Stock-based compensation expense is included in the following categories: Cost of subscription and support revenue $ 3,580 $ 3,450 $ 10,488 $ 9,886 Cost of license revenue 93 170 359 541 Cost of services revenue 4,631 5,025 14,377 15,766 Research and development 10,084 8,124 29,676 24,840 Sales and marketing 7,432 6,787 22,343 24,279 General and administrative 9,199 9,372 29,051 27,721 Total stock-based compensation expense $ 35,019 $ 32,928 $ 106,294 $ 103,033 Total unrecognized stock-based compensation expense related to the Company’s stock options and Stock Awards as of April 30, 2023 is as follows:
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	A summary of 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, 2022 2,785,353 $ 110.47 $ 216,478 Granted 2,188,020 $ 66.08 Released (1,057,190) $ 102.67 $ 73,090 Canceled (231,910) $ 100.96 Balance as of April 30, 2023 3,684,273 $ 86.94 $ 280,705 Expected to vest as of April 30, 2023 3,684,273 $ 86.94 $ 280,705 (1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $76.19 and $77.72 on April 30, 2023 and July 31, 2022, 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	A summary of 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, 2022 75,706 $ 61.93 8.7 $ 1,196 Granted 121,168 $ 66.76 Exercised (6,582) $ 34.60 $ 255 Canceled (2,720) $ 69.60 Balance as of April 30, 2023 187,572 $ 65.90 9.1 $ 2,114 Vested and expected to vest as of April 30, 2023 187,572 $ 65.90 9.1 $ 2,114 Exercisable as of April 30, 2023 8,224 $ 11.64 3.8 $ 531 (1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $76.19 and $77.72 on April 30, 2023 and July 31, 2022, 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.

The Company and Summary of Si_4

The Company and Summary of Significant Accounting Policies and Estimates (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2023	Aug. 01, 2022	Jul. 31, 2022	Mar. 31, 2018
Prepaid Expenses and Other Current Assets
Finite-Lived Intangible Assets [Line Items]
Acquisition consideration holdback	$ 2,900,000	$ 2,900,000
Other Assets
Finite-Lived Intangible Assets [Line Items]
Acquisition consideration holdback	$ 2,100,000	$ 2,100,000
Convertible Senior Notes, 1.250% \| Senior Notes
Finite-Lived Intangible Assets [Line Items]
Aggregate principal amount					$ 400,000,000
Stated interest rate			1.69%	5.53%	1.25%
Customer Concentration Risk \| Revenue Benchmark \| Customer One
Finite-Lived Intangible Assets [Line Items]
Concentration risk, percentage	10%	10%

The Company and Summary of Si_5

The Company and Summary of Significant Accounting Policies and Estimates (Schedule of Prior Period Adjustments) (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Aug. 01, 2022	Jul. 31, 2022
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred tax assets, net		$ 200,405	$ 191,461
Convertible senior notes, net	$ (396,743)	(395,469)	(358,216)
Additional paid-in capital		(1,687,473)	(1,755,476)
Accumulated deficit	$ 584,356		283,982
Retained earnings (accumulated deficit)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accumulated deficit		$ (244,288)	283,982
Adoption of Accounting Standards Update ("ASU") 2020-06
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred tax assets, net			8,944
Convertible senior notes, net			(37,253)
Additional paid-in capital			68,003
Adoption of Accounting Standards Update ("ASU") 2020-06 \| Retained earnings (accumulated deficit)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accumulated deficit			$ (39,694)

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 207,490	$ 197,448	$ 635,383	$ 568,015
United States
Disaggregation of Revenue [Line Items]
Total revenue	138,392	129,391	408,572	359,161
Canada
Disaggregation of Revenue [Line Items]
Total revenue	24,449	25,877	78,118	71,613
Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	2,772	1,945	7,685	5,690
Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	165,613	157,213	494,375	436,464
United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	7,170	7,444	25,566	28,982
Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	19,227	18,198	63,762	50,287
Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	26,397	25,642	89,328	79,269
Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	15,480	14,593	51,680	52,282
Subscription and support
Disaggregation of Revenue [Line Items]
Total revenue	107,499	86,851	312,321	250,138
Subscription and support \| United States
Disaggregation of Revenue [Line Items]
Total revenue	71,764	57,690	210,189	166,431
Subscription and support \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	18,176	14,276	51,763	40,254
Subscription and support \| Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	1,441	1,053	4,397	3,138
Subscription and support \| Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	91,381	73,019	266,349	209,823
Subscription and support \| United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	2,385	2,288	7,535	7,038
Subscription and support \| Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,934	5,991	21,424	16,589
Subscription and support \| Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	10,319	8,279	28,959	23,627
Subscription and support \| Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	5,799	5,553	17,013	16,688
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	89,091	66,419	254,083	186,419
Support
Disaggregation of Revenue [Line Items]
Total revenue	18,408	20,432	58,238	63,719
License
Disaggregation of Revenue [Line Items]
Total revenue	50,602	53,894	164,669	163,845
License \| United States
Disaggregation of Revenue [Line Items]
Total revenue	33,528	35,859	90,458	92,445
License \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	1,932	3,016	11,537	13,529
License \| Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	439	454	1,291	691
License \| Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	35,899	39,329	103,286	106,665
License \| United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	4,334	4,210	16,273	18,986
License \| Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	4,017	3,934	18,211	12,027
License \| Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	8,351	8,144	34,484	31,013
License \| Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	6,352	6,421	26,899	26,167
Term license
Disaggregation of Revenue [Line Items]
Total revenue	50,556	53,848	164,512	163,703
Perpetual license
Disaggregation of Revenue [Line Items]
Total revenue	46	46	157	142
Services
Disaggregation of Revenue [Line Items]
Total revenue	49,389	56,703	158,393	154,032
Services \| United States
Disaggregation of Revenue [Line Items]
Total revenue	33,100	35,842	107,925	100,285
Services \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	4,341	8,585	14,818	17,830
Services \| Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	892	438	1,997	1,861
Services \| Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	38,333	44,865	124,740	119,976
Services \| United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	451	946	1,758	2,958
Services \| Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,276	8,273	24,127	21,671
Services \| Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,727	9,219	25,885	24,629
Services \| Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	$ 3,329	$ 2,619	$ 7,768	$ 9,427

Revenue (Contract with Customer

Revenue (Contract with Customer) (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Revenue from Contract with Customer [Abstract]
Unbilled accounts receivable, net	$ 142,707	$ 85,429
Contract costs, net	41,213	44,235
Deferred revenue, net	$ 148,916	$ 178,276

Revenue (Details)

Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
Revenue (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
Revenue from Contract with Customer [Abstract]
Allowance for doubtful accounts	$ 0		$ 0		$ 0
Contract costs, current	14,900,000		14,900,000		14,800,000
Contract costs, noncurrent	26,300,000		26,300,000		$ 29,400,000
Amortization of contract costs	4,400,000	$ 3,400,000	13,000,000	$ 9,720,000
Contract with customer, liability, revenue recognized	27,900,000		152,200,000
Remaining performance obligation, amount	$ 1,200,000,000		$ 1,200,000,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details 1) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 738,347	$ 1,066,361
Unrealized Gains	344	8
Unrealized Losses	(4,219)	(7,750)
Estimated Fair Value	734,472	1,058,619
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	161,716	197,998
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	161,716	197,998
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	217,731	320,474
Unrealized Gains	136	8
Unrealized Losses	(2,402)	(4,880)
Estimated Fair Value	215,465	315,602
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	28,468	43,715
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	28,468	43,715
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	47,698	47,014
Unrealized Gains	96	0
Unrealized Losses	(1,094)	(1,312)
Estimated Fair Value	46,700	45,702
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	127,872	349,492
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	127,872	349,492
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	89,464	37,572
Unrealized Gains	88	0
Unrealized Losses	(128)	(586)
Estimated Fair Value	89,424	36,986
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	50,790	54,782
Unrealized Gains	11	0
Unrealized Losses	(336)	(611)
Estimated Fair Value	50,465	54,171
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	14,608	15,109
Unrealized Gains	13	0
Unrealized Losses	(259)	(361)
Estimated Fair Value	$ 14,362	14,748
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost		205
Unrealized Gains		0
Unrealized Losses		0
Estimated Fair Value		$ 205

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	$ 615,374
12 Months or Greater	119,098
Total	734,472	$ 1,058,619
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	161,716
12 Months or Greater	0
Total	161,716	197,998
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	185,314
12 Months or Greater	30,151
Total	215,465	315,602
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	28,468
12 Months or Greater	0
Total	28,468	43,715
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	14,275
12 Months or Greater	32,425
Total	46,700	45,702
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	127,872
12 Months or Greater	0
Total	127,872	349,492
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	86,171
12 Months or Greater	3,253
Total	89,424	36,986
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	3,623
12 Months or Greater	46,842
Total	50,465	54,171
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	7,935
12 Months or Greater	6,427
Total	$ 14,362	14,748
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		$ 205

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details 3) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	$ 194,172	$ 501,247
Total short-term investments	421,202	369,865
Total long-term investments	119,098	187,507
Total	734,472	1,058,619
Strategic investment, noncurrent, quarter to date	2,200
Strategic investment, noncurrent, year to date	8,300
Equity investments	26,000	18,000
Senior Notes \| Convertible Senior Notes, 1.250%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	382,000	387,600
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	127,872	349,492
Total short-term investments	0	0
Total long-term investments	0	0
Total	127,872	349,492
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	66,300	151,755
Total short-term investments	421,202	369,865
Total long-term investments	119,098	187,507
Total	606,600	709,127
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Total short-term investments	0	0
Total long-term investments	0	0
Total	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	54,339	132,066
Commercial paper \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Commercial paper \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	54,339	132,066
Commercial paper \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	1,979	9,689
Certificates of deposit \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Certificates of deposit \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	1,979	9,689
Certificates of deposit \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	127,872	349,492
Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	127,872	349,492
Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	9,982	10,000
U.S. Government agency securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
U.S. Government agency securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	9,982	10,000
U.S. Government agency securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	107,377	65,932
Commercial paper \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Commercial paper \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	107,377	65,932
Commercial paper \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	185,314	203,960
Total long-term investments	30,151	111,642
Corporate bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Corporate bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	185,314	203,960
Total long-term investments	30,151	111,642
Corporate bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	28,468	34,026
Certificates of deposit \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Certificates of deposit \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	28,468	34,026
Certificates of deposit \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	12,296	25,429
Total long-term investments	32,425	20,273
U.S. Government bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
U.S. Government bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	12,296	25,429
Total long-term investments	32,425	20,273
U.S. Government bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	76,189	26,986
Total long-term investments	3,253
U.S. Government agency securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0
U.S. Government agency securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	76,189	26,986
Total long-term investments	3,253
U.S. Government agency securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,623	8,627
Total long-term investments	46,842	45,544
Asset-backed securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Asset-backed securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,623	8,627
Total long-term investments	46,842	45,544
Asset-backed securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	7,935	4,700
Total long-term investments	6,427	10,048
Foreign government bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Foreign government bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	7,935	4,700
Total long-term investments	6,427	10,048
Foreign government bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	$ 0	0
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		205
Municipal bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		0
Municipal bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		205
Municipal bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		$ 0

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 100,746	$ 137,094
Less accumulated depreciation	(47,151)	(56,354)
Property and equipment, net	53,595	80,740
Computer hardware
Property, Plant and Equipment [Line Items]
Total property and equipment	15,702	14,472
Purchased software
Property, Plant and Equipment [Line Items]
Total property and equipment	5,082	5,124
Capitalized software development costs
Property, Plant and Equipment [Line Items]
Total property and equipment	48,596	38,724
Equipment and machinery
Property, Plant and Equipment [Line Items]
Total property and equipment	2,833	8,248
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	5,868	11,467
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 22,665	$ 59,059

Balance Sheet Components - Narr

Balance Sheet Components - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment pledged as collateral	$ 0		$ 0		$ 0
Depreciation	28,600	$ 3,600	34,700	$ 10,800
Amortization	2,600	$ 7,200	1,600	$ 4,300
Office Headquarters
Property, Plant and Equipment [Line Items]
Depreciation	$ 26,900		$ 26,900

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Apr. 30, 2023	Apr. 30, 2022
Numerator:
Net income (loss)	$ (45,568)	$ (9,189)	$ (69,318)	$ (57,444)	$ (40,681)	$ (51,276)	$ (124,075)	$ (149,401)
Net income (loss) per share:
Basic (in dollars per share)	$ (0.56)			$ (0.69)			$ (1.51)	$ (1.79)
Diluted (in dollars per share)	$ (0.56)			$ (0.69)			$ (1.51)	$ (1.79)
Weighted average shares used in computing net income (loss) per share:
Basic (in shares)	81,832,244			83,689,429			82,407,950	83,440,231
Diluted (in shares)	81,832,244			83,689,429			82,407,950	83,440,231

Net Income (Loss) Per Share (_2

Net Income (Loss) Per Share (Details 2) - shares	3 Months Ended	9 Months Ended
Net Income (Loss) Per Share (Details 2) - shares	Apr. 30, 2023	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	40,041	13,243	14,942	20,008
Stock awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	2,547,035	2,082,196	617,209	1,983,783
Convertible senior notes
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	3,516,480	3,516,480	0	44,556

Convertible Senior Notes (Detai

Convertible Senior Notes (Details) - Senior Notes - USD ($)	1 Months Ended
Convertible Senior Notes (Details) - Senior Notes - USD ($)	Mar. 31, 2018	Apr. 30, 2023	Aug. 01, 2022	Jul. 31, 2022
Convertible Debt
Debt Instrument [Line Items]
Aggregate principal amount		$ 400,000,000		$ 400,000,000
Net proceeds	$ 387,200,000
Convertible Senior Notes, 1.250%
Debt Instrument [Line Items]
Aggregate principal amount	$ 400,000,000
Stated interest rate	1.25%		1.69%	5.53%

Convertible Senior Notes - Net

Convertible Senior Notes - Net carrying value of the liability component (Details) - Senior Notes - Convertible Debt - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Debt Instrument [Line Items]
Principal	$ 400,000	$ 400,000
Debt discount(1)	0	37,253
Debt issuance costs	3,257	4,531
Net carrying amount	$ 396,743	$ 358,216

Convertible Senior Notes - Sche

Convertible Senior Notes - Schedule of interest expense recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Debt Instrument [Line Items]
Contractual interest expense	$ 1,683	$ 4,885	$ 5,034	$ 14,512
Senior Notes \| Convertible Debt
Debt Instrument [Line Items]
Contractual interest expense	1,250	1,250	3,750	3,750
Amortization of debt discount(1)	0	3,257	0	9,648
Amortization of debt issuance costs	426	366	1,274	1,071
Total	$ 1,676	$ 4,873	$ 5,024	$ 14,469

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases (Lease Cost) (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Leases [Abstract]
Operating lease cost	$ 1,724	$ 3,862	$ 9,524	$ 12,047
Variable lease cost	1,157	1,280	3,617	4,130
Sublease income	(206)	(378)	(898)	(1,124)
Net operating lease cost	2,675	4,764	12,243	15,053
Lease expense for leases with initial term of 12 months or less	$ 200	$ 200	$ 700	$ 600

Leases (Future Operating Lease

Leases (Future Operating Lease Payments) (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2023 (remainder of fiscal year)	$ 1,366
2024	8,390
2025	8,073
2026	7,667
2027	6,717
2028	3,646
Thereafter	12,218
Total future lease payments	48,077
Less imputed interest	(5,267)
Total lease liability balance	$ 42,810	$ 117,361

Leases (Supplemental Lease Info

Leases (Supplemental Lease Information) (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	$ 44,721	$ 90,287
Current portion of lease liabilities	6,292	12,238
Non-current portion of lease liabilities	36,518	105,123
Total lease liabilities	$ 42,810	$ 117,361
Weighted average remaining lease term (years)	6 years 10 months 20 days	7 years 7 months 24 days
Weighted average discount rate	3.50%	4%
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities

Leases (Supplemental Cash and N

Leases (Supplemental Cash and Non-Cash Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Leases [Abstract]
Cash payments for operating leases	$ 1,941	$ 4,234	$ 10,797	$ 14,579
Operating lease assets obtained in exchange for lease liabilities	$ (46,836)	$ (1,230)	$ (46,781)	$ (1,663)

Leases (Textual) (Details)

Leases (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases (Textual) (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
Lessee, Lease, Description [Line Items]
Expenses related to lease assignment	$ (200)		$ 18,419	$ 0
De-recognition of operating lease asset	56,900		56,900
Gain from de-recognition of operating lease asset			18,400
De-recognition of lease liability	75,500		75,500
Depreciation	28,600	$ 3,600	34,700	$ 10,800
Operating lease assets	44,721		44,721		$ 90,287
Total lease liability balance	42,810		42,810		$ 117,361
New Worldwide Headquarters
Lessee, Lease, Description [Line Items]
Depreciation	26,900		26,900
Operating lease assets	17,300		17,300
Total lease liability balance	9,800		9,800
General and Administrative Expense [Member]
Lessee, Lease, Description [Line Items]
Expenses related to lease assignment	$ (8,500)		$ (8,500)

Commitments and Contingencies (

Commitments and Contingencies (Details Textual)	Apr. 30, 2023 USD ($) customer	Jul. 31, 2022 USD ($) customer
Commitments and Contingencies Disclosure [Abstract]
Reimbursement	$ 0	$ 0
Claims outstanding \| customer	0	0
Purchase obligation	$ 600,000,000
Purchase obligation period (in years)	5 years

Stock-Based Compensation Expe_3

Stock-Based Compensation Expense and Shareholders' Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 35,284	$ 33,241	$ 106,829	$ 103,921
Net impact of deferred stock-based compensation	(265)	(313)	(535)	(888)
Total stock-based compensation expense, net	35,019	32,928	106,294	103,033
Total stock-based compensation expense	35,019	32,928	106,294	103,033
Unrecognized stock-based compensation expense	285,256		285,256
Stock options
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Unrecognized stock-based compensation expense	3,099		$ 3,099
Unrecognized stock-based compensation expense, period for recognition			1 year 3 months 18 days
Restricted Stock Units (RSUs) [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Unrecognized stock-based compensation expense	282,157		$ 282,157
Unrecognized stock-based compensation expense, period for recognition			2 years 7 months 6 days
Cost of subscription and support revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,580	3,450	$ 10,488	9,886
Cost of license revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	93	170	359	541
Cost of services revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,631	5,025	14,377	15,766
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	10,084	8,124	29,676	24,840
Sales and marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	7,432	6,787	22,343	24,279
General and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 9,199	$ 9,372	$ 29,051	$ 27,721

Stock-Based Compensation Expe_4

Stock-Based Compensation Expense and Shareholders' Equity (Details 2) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Apr. 30, 2023	Jul. 31, 2022
Weighted Average Grant Date Fair Value
Share price (in dollars per share)			$ 76.19	$ 77.72
Weighted Average Exercise Price
Granted (in dollars per share)	$ 66.76
Canceled (in dollars per share)			$ 69.60
Stock awards
Number of Stock Awards Outstanding
Balance at beginning of period (in shares)	2,785,353		2,785,353
Granted (in shares)			2,188,020
Released (in shares)			(1,057,190)
Canceled (in shares)			(231,910)
Balance at end of period (in shares)			3,684,273
Expected to vest (in shares)			3,684,273
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share)	$ 110.47		$ 110.47
Granted (in dollars per share)			66.08
Released (in dollars per share)			102.67
Canceled (in dollars per share)			100.96
Balance at end of period (in dollars per share)			86.94
Expected to vest (in dollars per share)			$ 86.94
Aggregate intrinsic value, Nonvested			$ 280,705	$ 216,478
Aggregate intrinsic value, released			73,090
Aggregate intrinsic value, Expected to vest			$ 280,705
Stock options
Number of Stock Options Outstanding
Balance at beginning of period (in shares)	75,706		75,706
Granted (in shares)	121,168
Exercised (in shares)	(6,582)
Canceled (in shares)	(2,720)
Balance at end of period (in shares)			187,572
Vested and expected to vest (in shares)			187,572
Exercisable (in shares)			8,224
Weighted Average Exercise Price
Balance at beginning of period (in dollars per share)	$ 61.93		$ 61.93
Exercised (in dollars per share)	$ 34.60
Balance at end of period (in dollars per share)			65.90
Vested and expected to vest (in dollars per share)			65.90
Exercisable (in dollars per share)			$ 11.64
Weighted Average Remaining Contractual Life
Outstanding, weighted average remaining contractual life	9 years 1 month 6 days	8 years 8 months 12 days
Vested and expected to vest, weighted average remaining contractual life	9 years 1 month 6 days
Exercisable, weighted average remaining contractual life	3 years 9 months 18 days
Aggregate Intrinsic Value
Aggregate intrinsic value			$ 2,114	$ 1,196
Exercised	$ 255
Vested and expected to vest			2,114
Exercisable			$ 531

Stock-Based Compensation Expe_5

Stock-Based Compensation Expense and Shareholders' Equity (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Class of Stock [Line Items]
Common stock (in shares)		648,001		648,001
Shares repurchased (in shares)			0	3,436,670	322,545
Average price per share (in dollars per share)				$ 62.85	$ 116.11
Prepayment for repurchase of stock				$ 213,993,000	$ 37,451,000
Remaining authorized amount		$ 184,000,000		$ 184,000,000
Accelerated Share Repurchase Agreement
Class of Stock [Line Items]
Authorized repurchase amount	$ 400,000,000
Common stock (in shares)	2,581,478
Shares repurchased (in shares)		207,191		3,229,479
Average price per share (in dollars per share)		$ 77.19		$ 61.93
Prepayment for repurchase of stock	$ 200,000,000