Bookings
The total contract value signed in a period — what sales actually closed, regardless of when the cash arrives or when revenue is recognized. Bookings is the most leading indicator of the three related metrics (bookings, deferred revenue, RPO): it captures activity in the most recent period and is the first place a sales-cycle inflection appears. A widening gap between bookings (forward-looking demand) and reported revenue (rear-view recognition) tells investors where the headline number is likely to head over the next two to four quarters. Bookings is voluntarily disclosed by many subscription-software companies but is not GAAP-required.
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Related terms
Accounts Payable · Adjusted EBITDA · Adjusted EBITDA Ex-SBC · ADR · ARPU · Average Length Of Stay
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