Annual report pursuant to Section 13 and 15(d)

REVENUE

v3.22.1
REVENUE
 12 Months Ended
Mar. 31, 2022
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,
2022 2021 2020
Americas1
   Primary storage systems $ 36,575  $ 52,295  $ 54,211 
   Secondary storage systems 63,528  41,948  57,192 
   Device and media 24,849  24,410  31,228 
   Service and subscription 81,608  76,039  82,607 
Total revenue 206,560  194,692  225,238 
EMEA
   Primary storage systems 13,620  12,940  16,078 
   Secondary storage systems 37,643  33,688  40,008 
   Device and media 19,467  20,881  25,484 
   Service and subscription 44,187  41,261  39,467 
Total revenue 114,917  108,770  121,037 
APAC
   Primary storage systems 5,848  4,409  6,863 
   Secondary storage systems 16,517  13,364  14,472 
   Device and media 5,714  5,873  5,632 
   Service and subscription 7,894  7,604  8,976 
Total revenue 35,973  31,250  35,943 
Consolidated
   Primary storage systems 56,043  69,644  77,152 
   Secondary storage systems 117,688  89,000  111,672 
   Device and media 50,030  51,164  62,344 
   Service and subscription 133,689  124,904  131,050 
   Royalty2
15,377  14,864  20,731 
Total revenue $ 372,827  $ 349,576  $ 402,949 

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 March 31, 2022 (in thousands): 
March 31, 2022
Deferred revenue $ 128,097 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 83,311 

Remaining Performance Obligations
Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of March 31, 2022 $ 110,029  $ 43,638  $ 153,667 

The Company expects to recognize approximately 71.6% 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.