No, SaaS bookings are different from committed annual recurring revenue (CARR). A booking is when someone has signed a contract. The overall booking amount may differ due to variables like individual customer terms.
CARR standardizes time for the company’s bookings. For example, it factors contract length into the total contract value, whether the contract is live or not. CARR also factors in churn, which bookings don’t extend into as it factors in closed-won deals only.