REVENUE

6 Months Ended

Sep. 30, 2020

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 September 30,				Six Months Ended September 30,
	2020		2019 1		2020		2019 1
Americas2
Primary storage systems	$	16,933	$	16,352	$	23,792	$	25,771
Secondary storage systems	9,317		16,004		17,993		40,296
Device and media	6,069		9,348		12,431		18,019
Service	19,399		20,366		37,994		41,936
Total revenue	51,718		62,070		92,210		126,022
EMEA
Primary storage systems	2,798		3,388		5,094		7,226
Secondary storage systems	6,352		8,079		12,968		17,976
Device and media	4,745		6,640		8,767		10,173
Service	10,227		9,828		20,042		19,051
Total revenue	24,122		27,935		46,871		54,426
APAC
Primary storage systems	879		1,559		1,938		2,925
Secondary storage systems	3,234		4,721		6,434		8,244
Device and media	523		2,039		1,120		3,296
Service	1,868		2,207		3,844		4,794
Total revenue	6,504		10,526		13,336		19,259
Consolidated
Primary storage systems	20,610		21,299		30,824		35,922
Secondary storage systems	18,903		28,804		37,395		66,516
Device and media	11,337		18,027		22,318		31,488
Service	31,494		32,401		61,880		65,781
Royalty3	3,477		5,258		6,709		11,712
Total revenue	$	85,821	$	105,789	$	159,126	$	211,419

1 Primary and Secondary storage system revenue has been adjusted for September 30, 2019 due to certain reclassifications from Primary to Secondary storage systems.

2 Revenue for Americas geographic region outside of the United States is not significant.

3 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 six months ended September 30, 2020 (in thousands): 

	September 30, 2020
Contract liabilities (deferred revenue)	$	106,350
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	51,542

Remaining Performance Obligations

Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and contractually agreed upon amounts, yet to be invoiced, that will be recognized as revenue in future periods. Remaining performance obligations are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized and foreign exchange adjustments. The Company applied the practical expedient in accordance within ASC 606, Revenue from Contracts with Customers (“ASC 606”), to exclude amounts for variable consideration constituting a sale- or usage-based royalty promised in exchange for a license of intellectual property from remaining performance obligations.

Remaining performance obligations consisted of the following (in thousands):

	Current		Non-Current		Total
As of September 30, 2020	$	86,653	$	42,598	$	129,251

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