v3.26.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Mar. 31, 2026
SEGMENT REPORTING [Abstract]  
Segment Reporting Information, by Reportable Segment
The following table provides reportable segment information (in thousands):
 
             
   
Year ended March 31,
 
   
2026
   
2025
   
2024
 
Net sales
              
Product
 $1,979,288   $1,599,369   $1,885,543 
Professional services
  273,438    229,030    154,549 
Managed services
  189,447    171,347    137,528 
Total reportable segments
  2,442,173    1,999,746    2,177,620 
Other
  376    422    629 
Total
  2,442,549    2,000,168    2,178,249 
                
Cost of sales
              
Product
  1,525,724    1,229,216    1,484,878 
Professional services
  167,528    138,513    86,355 
Managed services
  132,980    120,040    94,861 
Total reportable segments
  1,826,232    1,487,769    1,666,094 
Other
  236    279    413 
Total
  1,826,468    1,488,048    1,666,507 
                
Gross profit
              
Product
  453,564    370,153    400,665 
Professional services
  105,910    90,517    68,194 
Managed services
  56,467    51,307    42,667 
Total reportable segments
  615,941    511,977    511,526 
Other
  140    143    216 
Total
 $616,081   $512,120   $511,742 
Disaggregation of Net Sales and Revenue Recognized from Contracts with Customers
The following tables provide a disaggregation of revenue recognized from contracts with customers by timing and our position as principal or agent (in thousands):
 
                 
   
Year ended March 31, 2026
 
   
Product
   
Professional
Services
   
Managed Services
   
Total
 
Timing and position as principal or agent:
                   
Transferred at a point in time as principal
 $1,764,824   $ -    $ -    $1,764,824 
Transferred at a point in time as agent
  214,464     -      -     214,464 
Transferred over time as principal
   -     273,438    189,447    462,885 
Total revenue from contracts with customers
 $1,979,288   $273,438   $189,447   $2,442,173 
 
                 
   
Year ended March 31, 2025
 
   
Product
   
Professional
Services
   
Managed Services
   
Total
 
Timing and position as principal or agent:
                   
Transferred at a point in time as principal
 $1,415,083   $ -    $ -    $1,415,083 
Transferred at a point in time as agent
  184,286     -      -     184,286 
Transferred over time as principal
   -     229,030    171,347    400,377 
Total revenue from contracts with customers
 $1,599,369   $229,030   $171,347   $1,999,746 
                     
 
Year ended March 31, 2024  
    Product     Professional
Services 		    Managed Services     Total  
Timing and position as principal or agent:
                   
Transferred at a point in time as principal
 $1,709,217   $ -    $ -    $1,709,217 
Transferred at a point in time as agent
  176,326     -      -     176,326 
Transferred over time as principal
   -     154,549    137,528    292,077 
Total revenue from contracts with customers
 $1,885,543   $154,549   $137,528   $2,177,620 
Technology Segment Disaggregation of Revenue
The following table provides a disaggregation of our revenue from contracts with customers by customer end market and by type (in thousands):
 
                
 
Year ended March 31,  
    2026     2025     2024  
Customer end market:
              
Telecom, media & entertainment
 $720,616   $453,892   $547,525 
Healthcare
  314,949    286,474    278,893 
SLED
  308,681    333,371    329,617 
Technology
  300,783    300,465    379,720 
Financial services
  244,675    174,798    243,630 
Retail
  136,415    103,185    36,113 
All others
  416,054    347,561    362,122 
Total revenue from contracts with customers
 $2,442,173   $1,999,746   $2,177,620 
                
Type:
              
Product segment
              
Networking
 $933,818   $781,703   $1,005,679 
Cloud
  668,471    509,774    546,341 
Security
  239,731    191,872    193,956 
Collaboration
  51,917    55,483    65,714 
Other
  85,351    60,537    73,853 
Total product segment
  1,979,288    1,599,369    1,885,543 
Professional services segment
  273,438    229,030    154,549 
Managed services segment
  189,447    171,347    137,528 
Total revenue from contracts with customers
 $2,442,173   $1,999,746   $2,177,620 
Geographical Information
The geographic information for the years ended March 31, 2026, 2025, and 2024 was as follows (in thousands):
 
                
 
Year ended March 31,  
   
2026
   
2025
   
2024
 
Net sales:
              
US
 $2,349,884   $1,914,838   $2,080,693 
International
  92,665    85,330    97,556 
Total
 $2,442,549   $2,000,168   $2,178,249 
         
    March 31, 2026     March 31, 2025  
Long-lived assets:
         
Right-of-use assets
 $15,034   $17,857 
Property and equipment-net
  12,774    15,522 
Total US
  27,808    33,379 
International
  113    267 
Total
 $27,921   $33,646