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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
The Company believes that period-to-period comparisons of its financial results should not be relied upon as an indication of future performance. The Company’s revenues and results of operations have been subject to significant fluctuations, particularly on a quarterly basis, and the Company’s revenues and results of operations could fluctuate significantly quarter-to-quarter and year-to-year. Significant quarterly fluctuations in revenues will cause fluctuations in the Company’s cash flows and the cash and cash equivalents and accounts receivable accounts on the Company’s consolidated balance sheet. Causes of such fluctuations may include the volume and timing of new orders and renewals, the timing of the opening of new IBX data centers, the sales cycle for the Company’s offerings, the introduction of new offerings, changes in prices and pricing models, trends in the internet infrastructure industry, general economic conditions, extraordinary events such as acquisitions or litigation and the occurrence of unexpected events.
The unaudited quarterly financial information presented below has been prepared by the Company and reflects all adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary to present fairly the financial position and results of operations for the interim periods presented.
The following tables present selected quarterly information (in thousands, except per share data):
 
2016
 
Quarters Ended
 
March 31
 
June 30
 
September 30
 
December 31
Revenues
$
844,156

 
$
900,510

 
$
924,676

 
$
942,647

Gross profit
416,476

 
443,543

 
454,374

 
476,726

Net income (loss)
(31,111
)
 
44,711

 
51,450

 
61,750

Comprehensive income (loss)
61,394

 
(182,521
)
 
(18,533
)
 
(173,623
)
EPS
 
 
 
 
 
 
 
Basic EPS
(0.46
)
 
0.64

 
0.73

 
0.86

Diluted EPS
(0.46
)
 
0.64

 
0.72

 
0.86

 
2015
 
Quarters Ended
 
March 31
 
June 30
 
September 30
 
December 31
Revenues
$
643,174

 
$
665,582

 
$
686,649

 
$
730,462

Gross profit
344,861

 
349,825

 
361,181

 
378,494

Net income
76,452

 
59,459

 
41,132

 
10,731

Comprehensive income (loss)
(59,141
)
 
104,323

 
(23,707
)
 
(10,317
)
EPS
 
 
 
 
 
 
 
Basic EPS
1.35

 
1.04

 
0.72

 
0.18

Diluted EPS
1.34

 
1.03

 
0.71

 
0.18