We also signed six multi-year contracts, including renewal of one of our largest on-demand lines, who made a three-year irrevocable commitment at a total contract value of approximately $16.5 million. Four other customers made multi-year commitments in excess of $1 million.Our total deferred revenue increased once again to new a high of $29.2 million. We grew billings by 75% over Q2 of 2009. Billings are calculated as the change in the current portion of deferred revenue plus returning revenue.
Callidus Software Inc. Q2 2010 Earnings Call Transcript
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