Annual report pursuant to Section 13 and 15(d)

REVENUE

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REVENUE
 12 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
In the following table, revenue is disaggregated by major product offering and geographies (in thousands):
Year Ended March 31,
2021 2020
20191
Americas2
   Primary storage systems $ 52,295  $ 54,211  $ 33,789 
   Secondary storage systems 41,948  57,192  72,696 
   Device and media 24,410  31,228  34,079 
   Service 76,039  82,607  87,040 
Total revenue 194,692  225,238  227,604 
EMEA
   Primary storage systems 12,940  16,078  18,902 
   Secondary storage systems 33,688  40,008  40,666 
   Device and media 20,881  25,484  19,064 
   Service 41,261  39,467  37,216 
Total revenue 108,770  121,037  115,848 
APAC
   Primary storage systems 4,409  6,863  6,120 
   Secondary storage systems 13,364  14,472  13,166 
   Device and media 5,873  5,632  6,172 
   Service 7,604  8,976  10,440 
Total revenue 31,250  35,943  35,898 
Consolidated
   Primary storage systems 69,644  77,152  58,811 
   Secondary storage systems 89,000  111,672  126,528 
   Device and media 51,164  62,344  59,315 
   Service 124,904  131,050  134,696 
   Royalty3
14,864  20,731  23,330 
Total revenue $ 349,576  $ 402,949  $ 402,680 

1 Primary and Secondary storage system revenue has been adjusted for fiscal year 2019 due to certain reclassifications from Primary to Secondary storage systems.

2 Revenue for Americas geographic region outside of the United States is not significant.

3 Royalty revenue is not allocable to geographic regions.


Contract Balances

The following table presents the Company’s contract liabilities and certain information related to this balance as of March 31, 2021 (in thousands): 
March 31, 2021
Deferred revenue $ 120,153 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 79,921 

Remaining Performance Obligations

Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of March 31, 2021 $ 102,468  $ 38,771  $ 141,239 

The Company expects to recognize approximately 72.5% of the remaining performance obligations within the next 12 months. The majority of the Company’s noncurrent remaining performance obligations is expected to be recognized in the next 13 to 60 months.