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Revenue

6 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

3. Revenue

Disaggregation of Revenue

The following table shows the Company’s net revenue disaggregated by vertical (in thousands):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2019		2018		2019		2018
Net revenue:
Financial Services	$	89,097	$	74,410	$	181,976	$	151,776
Education		14,532		16,214		31,930		38,653
Other		14,472		13,472		30,809		26,536
Total net revenue	$	118,101	$	104,096	$	244,715	$	216,965

Contract Balances

The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands):

	December 31,		June 30,
	2019		2019
Deferred revenue	$	1,168	$	761
Client deposits		600		661

The Company’s contract liabilities result from payments received in advance of revenue recognition and advance consideration received from clients, which precede the Company’s satisfaction of the associated performance obligation. Significant changes in the liability balances during the period relate to advance consideration received from clients, offset by revenue recognized of $4.0 million during the six months ended December 31, 2019.