REVENUE (Tables)

12 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of revenue from external customers by geographic areas

In the following table, revenue is disaggregated by major product offering and geographies (in thousands):

	Year Ended March 31,
	2024		%		2023		%		2022		%
					Restated				Restated
Americas1
Product revenue	$	92,907			$	175,652			$	130,248
Service and subscription	71,317				77,581				82,927
Total revenue	164,224		53	%	253,233		60	%	213,175		55	%
EMEA
Product revenue	59,465				70,025				71,498
Service and subscription	47,372				46,279				46,401
Total revenue	106,837		34	%	116,304		28	%	117,899		31	%
APAC
Product revenue	22,507				29,177				29,068
Service and subscription	7,901				9,658				7,913
Total revenue	30,408		10	%	38,835		9	%	36,981		10	%
Consolidated
Product revenue	174,879				274,854				230,814
Service and subscription	126,590				133,518				137,241
Royalty2	10,131		3	%	13,705		3	%	15,377		4	%
Total revenue	$	311,600	100	%	$	422,077	100	%	$	383,432	100	%

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

2 Royalty revenue is not allocable to geographic regions.

Revenue by Solution

	Year Ended March 31,
	2024		%		2023		%		2022		%
					As restated				As restated
Primary storage systems	$	53,525	17	%	$	63,334	15	%	$	67,592	18	%
Secondary storage systems	100,599		32	%	178,431		42	%	118,537		31	%
Device and media	33,477		11	%	42,008		10	%	49,959		13	%
Service	113,868		37	%	124,599		30	%	131,967		34	%
Royalty	10,131		3	%	13,705		3	%	15,377		4	%
Total revenue1	$	311,600	100	%	$	422,077	100	%	$	383,432	100	%

1 Subscription revenue of $7.3 million, $5.6 million and $4.2 million allocated to Primary and Secondary storage systems for the fiscal years ended 2024, 2023 and 2022, respectively.

Schedule of deferred revenue, by arrangement

The following table presents the Company’s contract liabilities and certain information related to this balance as of March 31, 2024 (in thousands): 

	March 31, 2024
Deferred revenue	$	116,687
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	76,304

	March 31, 2023
	As Restated
Deferred revenue	$	115,302
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	83,113

	March 31, 2022
	As Restated
Deferred revenue	$	126,916
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	86,731

Schedule of remaining performance obligations

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

	Current		Non-Current		Total
As of March 31, 2024	$	90,546	$	40,895	$	131,441

Schedule of deferred revenue, by arrangement, disclosure

The table below reflects our deferred revenue as of March 31, 2024 (in thousands):

	Deferred revenue by period
(in thousands)	Total		1 year or less		1 – 3 Years		3 year or greater
Service revenue	$	107,819	$	74,332	$	28,184	$	5,303
Subscription revenue	8,868		4,180		3,686		1,002
Total	$	116,687	$	78,512	$	31,870	$	6,305