Quarterly report pursuant to Section 13 or 15(d)

REVENUE

v3.22.0.1
REVENUE
9 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Based on how the Company manages its business, the Company has determined that it currently operates in one reportable segment. The Company operates in three geographic regions: (a) Americas; (b) Europe, Middle East and Africa (“EMEA”); and (c) Asia Pacific (“APAC”). Revenue by geography is based on the location of the customer from which the revenue is earned.

In the following table, revenue is disaggregated by major product offering and geographies (in thousands):
  Three Months Ended December 31, Nine Months Ended December 31,
2021 2020 2021 2020
Americas1
   Primary storage systems $ 8,768  $ 18,755  $ 27,228  $ 42,547 
   Secondary storage systems 15,060  11,124  43,946  29,117 
   Device and media 7,737  5,347  19,527  17,777 
   Service 19,470  18,913  61,003  56,907 
Total revenue 51,035  54,139  151,704  146,348 
EMEA
   Primary storage systems 3,305  3,680  10,325  8,774 
   Secondary storage systems 10,377  10,113  27,856  23,081 
   Device and media 5,125  5,900  15,018  14,668 
   Service 11,606  10,339  33,454  30,380 
Total revenue 30,413  30,032  86,653  76,903 
APAC
   Primary storage systems 1,718  1,219  4,234  3,157 
   Secondary storage systems 5,193  4,074  13,291  10,507 
   Device and media 1,239  2,809  3,883  3,929 
   Service 2,086  1,917  5,895  5,762 
Total revenue 10,236  10,019  27,303  23,355 
Consolidated
   Primary storage systems 13,791  23,654  41,787  54,478 
   Secondary storage systems 30,630  25,311  85,093  62,705 
   Device and media 14,101  14,056  38,428  36,374 
   Service 33,162  31,169  100,352  93,049 
   Royalty2
3,660  3,833  11,963  10,543 
Total revenue $ 95,344  $ 98,023  $ 277,623  $ 257,149 

1 Revenue for Americas geographic region outside of the United States is not significant.
2 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 and for the nine months ended December 31, 2021 (in thousands): 
December 31, 2021
Contract liabilities (deferred revenue) $ 119,305 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period 72,383 

Remaining Performance Obligations

Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of December 31, 2021
$ 102,726  $ 43,276  $ 146,002 

The Company's non-current remaining performance obligations are expected to be recognized in the next 13 to 60 months.