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Segment Information (Tables)
12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of significant expense categories and consolidated net income provided to the CODM

The significant expense categories and consolidated net income provided to the CODM for the years ended March 31, 2025, 2024, and 2023 are as follows:

 

 

Year Ended March 31,

 

(In thousands)

 

2025

 

 

2024

 

 

2023

 

Net revenue:

 

 

 

 

 

 

 

 

 

Products

 

$

41,324

 

 

$

49,083

 

 

$

43,638

 

Subscription and maintenance

 

 

170,051

 

 

 

138,069

 

 

 

118,285

 

Professional services

 

 

64,249

 

 

 

50,312

 

 

 

36,142

 

Total net revenue

 

 

275,624

 

 

 

237,464

 

 

 

198,065

 

Cost of revenue (1)

 

 

46,016

 

 

 

46,183

 

 

 

40,019

 

Product development expenses (1)

 

 

60,177

 

 

 

53,825

 

 

 

43,848

 

Sales and marketing expenses (1)

 

 

31,491

 

 

 

27,588

 

 

 

21,674

 

Professional services expenses (1)

 

 

34,130

 

 

 

28,611

 

 

 

24,302

 

Customer support expenses (1)

 

 

14,604

 

 

 

13,120

 

 

 

10,981

 

General and administrative expenses (1)

 

 

35,336

 

 

 

30,862

 

 

 

27,092

 

Share-based compensation

 

 

17,777

 

 

 

14,113

 

 

 

12,959

 

Other segment items (2)

 

 

12,868

 

 

 

(63,033

)

 

 

2,608

 

Net income

 

$

23,225

 

 

$

86,195

 

 

$

14,582

 

 

(1)

 

Exclusive of share-based compensation shown separately

(2)

 

Other segment items include depreciation, amortization of internal-use software and intangibles, legal settlements, interest income and expense, other non-operating income and expense, income tax provision and benefit, and other gains and charges

Summary of long-lived assets by geographical area

The following table lists long-lived assets by geographical area, which includes property and equipment, net and operating lease right-of-use assets for the years ended March 31, 2025, 2024, and 2023:

 

 

Year Ended March 31,

 

(In thousands)

 

2025

 

 

2024

 

 

2023

 

United States

 

$

18,618

 

 

$

20,583

 

 

$

20,163

 

India

 

 

14,150

 

 

 

14,917

 

 

 

6,161

 

Rest of world (1)

 

 

1,064

 

 

 

814

 

 

 

960

 

Total long-lived assets

 

$

33,832

 

 

$

36,314

 

 

$

27,284

 

 

(1)

 

No individual country other than the United States and India exceeded 10% of our total long-lived assets for any period presented