Revenues (Tables)

6 Months Ended

Sep. 30, 2019

Revenues

Schedule of disaggregation of revenue

	Three Months Ended				Six Months Ended
	September 30,				September 30,
Revenue by geography:	2019		2018		2019		2018
North America	$	242,296	$	218,303	$	472,776	$	427,932
Europe		57,024		60,393		120,104		127,129
Rest of World		29,181		26,824		54,645		50,490
Consolidated revenue	$	328,501	$	305,520	$	647,525	$	605,551

	Three Months Ended				Six Months Ended
	September 30,				September 30,
Revenue by customer’s industry groups	2019		2018		2019		2018
Banking financial services insurance	$	193,336	$	192,071	$	383,308	$	380,809
Communications and Technology		108,406		85,341		212,907		168,368
Media & Information and Other		26,759		28,108		51,310		56,374
Consolidated revenue	$	328,501	$	305,520	$	647,525	$	605,551

	Three Months Ended				Six Months Ended
	September 30,				September 30,
Revenue by service offerings	2019		2018		2019		2018
Application outsourcing	$	181,576	$	161,890	$	363,539	$	322,599
Consulting		146,925		143,630		283,986		282,952
Consolidated revenue	$	328,501	$	305,520	$	647,525	$	605,551

	Three Months Ended				Six Months Ended
	September 30,				September 30,
Revenue by contract type	2019		2018		2019		2018
Time-and-materials	$	199,365	$	184,170	$	389,280	$	363,396
Fixed-price*		129,136		121,350		258,245		242,155
Consolidated revenue	$	328,501	$	305,520	$	647,525	$	605,551

*Fixed-price includes both retainer-billing basis and fixed-price progress towards completion

Schedule of significant movements in contract assets and deferred revenue balances

The table below shows significant movements during the six months ended September 30, 2019 and 2018 in contract assets:

	September 30, 2019		September 30, 2018
Beginning balance	$	18,538	$	15,998
Revenues recognized during the period but not yet billed		44,957		63,983
Amounts billed		(41,152)		(64,231)
Other		(400)		(278)
Ending balance	$	21,943	$	15,472

Contract liabilities comprise of amounts billed to customers for revenues not yet earned. Such amounts are anticipated to be recorded as revenues when services are performed in subsequent periods.

The table below shows significant movements in the deferred revenue balances during the six months ended September 30, 2019 and 2018:

	September 30, 2019		September 30, 2018
Beginning balance	$	6,421	$	7,908
Amounts billed but not yet recognized as revenues		4,867		4,918
Revenues recognized related to the opening balance of deferred revenue		(4,291)		(6,354)
Other		(110)		(297)
Ending balance	$	6,887	$	6,175