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Quarterly Financial Information (Tables)
12 Months Ended
Apr. 30, 2013
Quarterly Operating Results

The following tables set forth our unaudited quarterly consolidated statements of operations data for each of the eight quarters ended April 30, 2013. The Company has prepared the quarterly data on a consistent basis with the audited consolidated financial statements included elsewhere in this report and, in the opinion of management, the financial information reflects all necessary adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of operations for these periods. This information should be read in conjunction with the audited consolidated financial statements and related notes included elsewhere in this report. These quarterly operating results are not necessarily indicative of our operating results for any future period.

 

     Three Months Ended  
     Apr 30,
2013
    Jan 31,
2013
    Oct 31,
2012
    Jul 31,
2012
    Apr 30,
2012
    Jan 31,
2012
    Oct 31,
2011
    Jul 31,
2011
 

Revenue

     43,330        42,678        38,626        35,662        31,431        27,602        25,015        22,088   

Cost of revenue

     14,158        14,217        14,099        12,633        10,325        9,514        8,805        7,797   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     29,172        28,461        24,527        23,029        21,106        18,088        16,210        14,291   

Operating expenses:

                

Sales and marketing

     23,003        20,710        17,850        15,322        14,257        12,152        12,125        11,192   

Research and development

     8,690        8,914        7,948        7,494        6,811        6,059        4,576        3,343   

General and administrative

     10,744        8,783        7,484        16,196        6,047        5,934        4,815        5,099   

Acquisition-related and other

     7,441        2,021        1,366        1,384        —          —          —          —     

Amortization of acquired intangible assets

     1,381        1,165        898        480        —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating expenses

     51,259        41,593        35,546        40,876        27,115        24,145        21,516        19,634   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

     (22,087     (13,132     (11,019     (17,847     (6,009     (6,057     (5,306     (5,343

Total other income (expense), net

     (473     12        51        (404     (15     (337     (367     (84
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss before income taxes

     (22,560     (13,120     (10,968     (18,251     (6,024     (6,394     (5,673     (5,427

Income tax expense (benefit)

     584        (2,293     274        288        343        181        178        109   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

     (23,144     (10,827     (11,242     (18,539     (6,367     (6,575     (5,851     (5,536
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted net loss per share (applicable to common stockholders)

     ($0.32     ($0.15     ($0.16     ($0.30     ($0.13     ($0.34     ($0.30     ($0.29