Quarterly report pursuant to Section 13 or 15(d)

REVENUE

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REVENUE
6 Months Ended
Sep. 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 offerings and geographies (in thousands):
  Three Months Ended September 30, Six Months Ended September 30,
2022 2021 2022 2021
Americas1
   Primary storage systems $ 6,839  $ 11,264  $ 18,253  $ 18,458 
   Secondary storage systems 31,019  12,174  53,738  28,886 
   Device and media 4,694  5,269  9,666  11,791 
   Service and subscription 19,417  21,341  39,563  41,534 
Total revenue 61,969  50,048  121,220  100,669 
EMEA
   Primary storage systems 1,901  4,244  4,747  7,020 
   Secondary storage systems 7,440  9,720  15,283  17,479 
   Device and media 3,702  4,513  8,765  9,894 
   Service and subscription 10,742  11,035  21,759  21,847 
Total revenue 23,785  29,512  50,554  56,240 
APAC
   Primary storage systems 1,104  1,175  2,402  2,516 
   Secondary storage systems 5,634  4,365  8,109  8,098 
   Device and media 634  1,931  2,215  2,644 
   Service and subscription 2,533  1,983  4,794  3,808 
Total revenue 9,905  9,454  17,520  17,066 
Consolidated
   Primary storage systems 9,844  16,683  25,402  27,994 
   Secondary storage systems 44,093  26,259  77,130  54,463 
   Device and media 9,030  11,713  20,646  24,329 
   Service and subscription 32,692  34,359  66,116  67,189 
   Royalty2
3,478  4,166  6,918  8,303 
Total revenue $ 99,137  $ 93,180  $ 196,212  $ 182,278 

1 Revenue for Americas geographic region outside of the United States is not significant.
2 Royalty revenue is not allocatable 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 six months ended September 30, 2022 (in thousands): 
September 30, 2022
Contract liabilities (deferred revenue) $ 110,349 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period 54,329 

Remaining Performance Obligations

Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of September 30, 2022
$ 120,040  $ 42,104  $ 162,144 

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