XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
REVENUE
 9 Months Ended
Dec. 31, 2021
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 December 31,Nine Months Ended December 31,
2021202020212020
Americas1
   Primary storage systems$8,768 $18,755 $27,228 $42,547 
   Secondary storage systems15,060 11,124 43,946 29,117 
   Device and media7,737 5,347 19,527 17,777 
   Service19,470 18,913 61,003 56,907 
Total revenue51,035 54,139 151,704 146,348 
EMEA
   Primary storage systems3,305 3,680 10,325 8,774 
   Secondary storage systems10,377 10,113 27,856 23,081 
   Device and media5,125 5,900 15,018 14,668 
   Service11,606 10,339 33,454 30,380 
Total revenue30,413 30,032 86,653 76,903 
APAC
   Primary storage systems1,718 1,219 4,234 3,157 
   Secondary storage systems5,193 4,074 13,291 10,507 
   Device and media1,239 2,809 3,883 3,929 
   Service2,086 1,917 5,895 5,762 
Total revenue10,236 10,019 27,303 23,355 
Consolidated
   Primary storage systems13,791 23,654 41,787 54,478 
   Secondary storage systems30,630 25,311 85,093 62,705 
   Device and media14,101 14,056 38,428 36,374 
   Service33,162 31,169 100,352 93,049 
   Royalty2
3,660 3,833 11,963 10,543 
Total revenue$95,344 $98,023 $277,623 $257,149 

1 Revenue for Americas geographic region outside of the United States is not significant.
2 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 nine months ended December 31, 2021 (in thousands): 
December 31, 2021
Contract liabilities (deferred revenue)$119,305 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period72,383 

Remaining Performance Obligations

Remaining performance obligations consisted of the following (in thousands):
CurrentNon-CurrentTotal
As of December 31, 2021
$102,726 $43,276 $146,002 

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