The following tables set forth our unaudited quarterly consolidated statements of operations for continuing operations for each of the eight quarters ended April 30, 2016. 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, 2016			Jan 31, 2016			Oct 31, 2015			Jul 31, 2015			Apr 30, 2015			Jan 31, 2015			Oct 31, 2014			Jul 31, 2014
Revenue ⁽¹⁾	$	50,709		$	50,255		$	49,926		$	48,876		$	48,317		$	49,562		$	47,325		$	45,977
Cost of revenue	19,253			18,920			19,146			19,548			18,148			17,988			17,414			16,356
Gross profit	31,456			31,335			30,780			29,328			30,169			31,574			29,911			29,621
Operating expenses:
Sales and marketing	18,027			16,113			16,502			19,166			20,427			18,020			18,931			20,995
Research and development	10,391			10,199			10,354			10,533			9,880			8,779			9,306			9,730
General and administrative	7,577			6,940			7,643			8,238			7,582			6,932			8,100			7,893
Acquisition-related and other	157			332			224			702			815			413			2,326			492
Restructuring charges	1,575			—			—			—			—			—			—			—
Amortization of acquired intangible assets	309			309			310			309			309			309			310			309
Total operating expenses	38,036			33,893			35,033			38,948			39,013			34,453			38,973			39,419
Operating loss	(6,580		)	(2,558		)	(4,253		)	(9,620		)	(8,844		)	(2,879		)	(9,062		)	(9,798		)
Total other expense, net	(384		)	(719		)	(475		)	(712		)	(521		)	(920		)	(588		)	(498		)
Net loss before income taxes	(6,964		)	(3,277		)	(4,728		)	(10,332		)	(9,365		)	(3,799		)	(9,650		)	(10,296		)
Income tax expense (benefit)	165			(163		)	124			(88		)	(540		)	324			258			12
Net loss from continuing operations	$	(7,129	)	$	(3,114	)	$	(4,852	)	$	(10,244	)	$	(8,825	)	$	(4,123	)	$	(9,908	)	$	(10,308	)
Loss from discontinued operations, net of tax	—			—			—			—			—			—			—			(1,257		)
Net loss applicable to common stockholders	$	(7,129	)	$	(3,114	)	$	(4,852	)	$	(10,244	)	$	(8,825	)	$	(4,123	)	$	(9,908	)	$	(11,565	)
Basic earnings per share:
Continuing operations	$	(0.09	)	$	(0.04	)	$	(0.06	)	$	(0.13	)	$	(0.11	)	$	(0.05	)	$	(0.13	)	$	(0.13	)
Discontinued operations	—			—			—			—			—			—			—			(0.02		)
Basic loss per share:	$	(0.09	)	$	(0.04	)	$	(0.06	)	$	(0.13	)	$	(0.11	)	$	(0.05	)	$	(0.13	)	$	(0.15	)

(1)

During the fourth quarter of fiscal 2016, the Company recorded out of period adjustments related to errors in the timing of recognition of revenue, for which all required criteria had been satisfied in prior periods. The cumulative effect of out of period adjustments for the fourth quarter of fiscal 2016 was a $0.9 million increase in revenue. The Company has determined that these adjustments were not material to any prior annual or interim periods, and the resulting correction is not material to its annual results for fiscal 2016 or to the trend in earnings.