Revenues (Tables)

12 Months Ended

Mar. 31, 2020

Revenues

Schedule of disaggregation of revenue

	Year Ended March 31,
Revenue by geography:	2020		2019
North America	$	968,117	$	884,114
Europe		230,965		261,967
Rest of World		113,201		101,782
Consolidated revenue	$	1,312,283	$	1,247,863

	Year Ended March 31,
Revenue by customer’s industry groups	2020		2019
Banking, Financial Services and Insurance	$	752,965	$	776,955
Communications and Technology		449,661		360,967
Media & Information and Other		109,657		109,941
Consolidated revenue	$	1,312,283	$	1,247,863

	Year Ended March 31,
Revenue by service offerings	2020		2019
Application outsourcing	$	729,821	$	672,636
Consulting		582,462		575,227
Consolidated revenue	$	1,312,283	$	1,247,863

	Year Ended March 31,
Revenue by contract type	2020		2019
Time-and-materials	$	771,312	$	738,309
Fixed-price*		540,971		509,554
Consolidated revenue	$	1,312,283	$	1,247,863

*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 fiscal year ended March 31, 2020 and 2019 in contract assets:

	March 31, 2020		March 31, 2019
Beginning balance	$	18,538	$	15,998
Revenues recognized during the period but not yet billed		85,432		120,536
Amounts billed		(89,483)		(117,687)
Other		(246)		(309)
Ending balance	$	14,241	$	18,538

Contract liabilities comprise 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 fiscal year ended March 31, 2020 and 2019:

	March 31, 2020		March 31, 2019
Beginning balance	$	6,421	$	7,908
Amounts billed but not yet recognized as revenues		7,308		5,844
Revenues recognized related to the opening balance of deferred revenue		(5,462)		(6,906)
Other		(213)		(425)
Ending balance	$	8,054	$	6,421

Schedule of capitalized costs to fulfill

	March 31, 2020		March 31, 2019
Beginning balance	$	4,299	$	4,278
Costs capitalized		391		2,382
Amortization expense		(2,251)		(2,248)
Foreign currency translation adjustments		(158)		(113)
Ending balance	$	2,281	$	4,299