REVENUE

9 Months Ended

Dec. 31, 2022

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 offerings and geographies (in thousands):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2022		2021		2022		2021
Americas1
Primary storage systems	$	10,668	$	8,768	$	28,921	$	27,228
Secondary storage systems	35,085		15,060		88,821		43,946
Device and media	4,107		7,737		13,773		19,527
Service and subscription	19,756		19,470		59,319		61,003
Total revenue	69,616		51,035		190,834		151,704
EMEA
Primary storage systems	2,332		3,305		7,078		10,325
Secondary storage systems	10,096		10,377		25,380		27,856
Device and media	6,029		5,125		14,794		15,018
Service and subscription	10,989		11,606		32,748		33,454
Total revenue	29,446		30,413		80,000		86,653
APAC
Primary storage systems	974		1,718		3,376		4,234
Secondary storage systems	5,541		5,193		13,651		13,291
Device and media	588		1,239		2,803		3,883
Service and subscription	2,205		2,086		6,999		5,895
Total revenue	9,308		10,236		26,829		27,303
Consolidated
Primary storage systems	13,974		13,791		39,375		41,787
Secondary storage systems	50,722		30,630		127,852		85,093
Device and media	10,724		14,101		31,370		38,428
Service and subscription	32,950		33,162		99,066		100,352
Royalty2	2,826		3,660		9,744		11,963
Total revenue	$	111,196	$	95,344	$	307,407	$	277,623

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

2 Royalty revenue is not allocatable 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, 2022 (in thousands): 

	December 31, 2022
Contract liabilities (deferred revenue)	$	113,745
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	71,669

Remaining Performance Obligations

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

	Current		Non-Current		Total
As of December 31, 2022	$	105,981	$	42,645	$	148,626

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