Revenue

12 Months Ended

Jun. 30, 2020

Revenue From Contract With Customer [Abstract]

Revenue

3. Revenue

Disaggregation of Revenue

The following table shows the Company’s net revenue disaggregated by vertical (in thousands):

	Fiscal Year Ended June 30,
	2020		2019		2018
Net revenue:
Financial services	$	370,136	$	330,384	$	283,114
Education		61,212		68,473		77,261
Other		58,991		56,297		43,983
Total net revenue	$	490,339	$	455,154	$	404,358

Contract Balances

The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands):

	June 30,
	2020		2019
Deferred revenue	$	73	$	761
Client deposits		700		661
Total	$	773	$	1,422

The Company’s contract liabilities result from payments received in advance of revenue recognition and advance consideration received from clients, which precede the Company’s satisfaction of the associated performance obligation. The changes in the liability balances during fiscal year 2020 related to advance consideration received from clients of $8.2 million, offset by revenue recognized of $7.9 million, and derecognition of deferred revenue of $0.9 million upon divestiture of the business-to-business technology (“B2B”) client vertical. See Note 7, Divestitures, for more information.