EXHIBIT 99.1
Summary of Segment Reporting Changes
The following tables present our segment operating results for our fiscal years ended March 31, 2022, and 2023 under the new segment structure. We previously presented our technology business as one segment and the revenues and gross profit for this business are now being presented as three segments: product, professional services and managed services.
Year ended March 31, 2023 | ||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal Year | ||||
Revenue | ||||||||
Product | $ 385,676 | $ 406,317 | $ 544,316 | $ 414,493 | $ 1,750,802 | |||
Professional services | 37,168 | 38,050 | 39,151 | 37,416 | 151,785 | |||
Managed services | 25,941 | 27,111 | 28,307 | 31,299 | 112,658 | |||
Technology business | 448,785 | 471,478 | 611,774 | 483,208 | 2,015,245 | |||
Financing segment | 9,574 | 22,228 | 11,702 | 8,969 | 52,473 | |||
Total | $ 458,359 | $ 493,706 | $ 623,476 | $ 492,177 | $ 2,067,718 | |||
Gross profit | ||||||||
Product | $ 83,168 | $ 94,389 | $ 104,485 | $ 98,699 | $ 380,741 | |||
Professional services | 15,055 | 14,697 | 15,294 | 16,548 | 61,594 | |||
Managed services | 7,428 | 7,189 | 8,075 | 9,463 | 32,155 | |||
Technology business | 105,651 | 116,275 | 127,854 | 124,710 | 474,490 | |||
Financing segment | 7,872 | 17,029 | 10,518 | 7,615 | 43,034 | |||
Total | $ 113,523 | $ 133,304 | $ 138,372 | $ 132,325 | $ 517,524 | |||
Year ended March 31, 2022 | ||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal Year | ||||
Revenue | ||||||||
Product | $ 344,766 | $ 375,444 | $ 414,448 | $ 357,753 | $ 1,492,411 | |||
Professional services | 33,296 | 38,088 | 38,986 | 36,377 | 146,747 | |||
Managed services | 22,296 | 22,769 | 23,541 | 25,272 | 93,878 | |||
Technology business | 400,358 | 436,301 | 476,975 | 419,402 | 1,733,036 | |||
Financing segment | 16,291 | 21,716 | 17,859 | 32,117 | 87,983 | |||
Total | $ 416,649 | $ 458,017 | $ 494,834 | $ 451,519 | $ 1,821,019 | |||
Gross profit | ||||||||
Product | $ 73,751 | $ 81,607 | $ 79,863 | $ 81,401 | $ 316,622 | |||
Professional services | 15,036 | 16,676 | 17,354 | 14,318 | 63,384 | |||
Managed services | 6,646 | 6,795 | 7,266 | 7,440 | 28,147 | |||
Technology business | 95,433 | 105,078 | 104,483 | 103,159 | 408,153 | |||
Financing segment | 10,079 | 17,924 | 12,634 | 12,192 | 52,829 | |||
Total | $ 105,512 | $ 123,002 | $ 117,117 | $ 115,351 | $ 460,982 | |||