I would say it could take a bit more water though. The bulbs are a little shrivled and unlike some orchids this one will plump back up if you water it enough.
It looks mounted from what I can see. I grow it mounted and mine was very shrivled when it arived. I soak it for 5-15min every day (mount and all) and it plumped back up.
But then yours is obviously doing well anyway as it's flowered