Quarterly report pursuant to Section 13 or 15(d)

REVENUE

v3.22.2
REVENUE
 3 Months Ended
Jun. 30, 2022
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 June 30,
2022 2021
Americas1
   Primary storage systems $ 11,414  $ 7,194 
   Secondary storage systems 22,719  16,712 
   Device and media 4,972  6,521 
   Service and subscription 20,145  20,193 
Total revenue 59,250  50,620 
EMEA
   Primary storage systems 2,846  2,777 
   Secondary storage systems 7,844  7,760 
   Device and media 5,063  5,381 
   Service and subscription 11,017  10,813 
Total revenue 26,770  26,731 
APAC
   Primary storage systems 1,298  1,341 
   Secondary storage systems 2,475  3,733 
   Device and media 1,580  712 
   Service and subscription 2,261  1,825 
Total revenue 7,614  7,611 
Consolidated
   Primary storage systems 15,558  11,312 
   Secondary storage systems 33,038  28,205 
   Device and media 11,615  12,614 
   Service and subscription 33,423  32,831 
   Royalty2
3,440  4,137 
Total revenue $ 97,074  $ 89,099 

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 three months ended June 30, 2022 (in thousands): 
June 30, 2022
Contract liabilities (deferred revenue) $ 114,463 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period 31,789 

Remaining Performance Obligations
Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of June 30, 2022
 $ 98,394  $ 42,146  $ 140,540 

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