QUARTERLY RESULTS (UNAUDITED)

The following tables present the Company's quarterly operating results for the years ended December 31, 2019 and 2018. The information for each of these quarters is unaudited and has been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, all necessary adjustments, consisting only of normal recurring adjustments, have been included to present fairly the unaudited consolidated quarterly results when read in conjunction with the Company's audited consolidated financial statements and related notes.



	First Quarter (1)			Second Quarter			Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Fiscal 2019
Revenue	$	118,928		$	145,421		$	137,653	$	161,109
Cost of revenue	62,339			64,748			58,776		60,164
Gross profit	$	56,589		$	80,673		$	78,877	$	100,945
(Loss) income from operations	$	(36,228	)	$	(7,096	)	$	2,686	$	(148,822	)
Net (loss) income	$	(30,832	)	$	49,470		$	1,650	$	(150,363	)
(Loss) earnings per share (3):
Basic	$	(0.29	)	$	0.45		$	0.01	$	(1.36	)
Diluted	$	(0.29	)	$	0.45		$	0.01	$	(1.36	)
Shares used in computing (loss) earnings per share:
Basic	108,167			110,394			110,080		110,269
Diluted	108,167			110,698			110,756		110,269



	First Quarter			Second Quarter			Third Quarter (2)			Fourth Quarter
	(In thousands, except per share data)
Fiscal 2018
Revenue	$	121,180		$	137,361		$	152,468		$	166,896
Cost of revenue	65,907			62,250			70,234			71,182
Gross profit	$	55,273		$	75,111		$	82,234		$	95,714
Loss (income) from operations	$	(42,383	)	$	(16,636	)	$	(7,566	)	$	1,177
Net loss	$	(44,904	)	$	(19,922	)	$	(10,158	)	$	(1,826	)
Loss per share (3):
Basic	$	(0.44	)	$	(0.20	)	$	(0.10	)	$	(0.02	)
Diluted	$	(0.44	)	$	(0.20	)	$	(0.10	)	$	(0.02	)
Shares used in computing loss per share:
Basic	101,917			102,160			104,918			106,607
Diluted	101,917			102,160			104,918			106,607

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(1)	Includes the results of Anova for the period subsequent to February 28, 2019.


(2)	Includes the results of Edgewater for the period subsequent to August 3, 2018.


(3)	(Loss) earnings per share is calculated independently for each of the quarters presented; accordingly, the sum of the quarterly (loss) earnings per share amounts may not equal the total calculated for the year.