| Quarterly Operating Results |
The following tables set forth our unaudited quarterly consolidated
statements of operations for continuing operations for each of the
eight quarters ended April 30, 2014. 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.
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Three Months
Ended |
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Apr 30,
2014 |
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Jan 31,
2014 |
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Oct 31,
2013 |
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Jul 31,
2013 |
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Apr 30,
2013 |
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Jan 31,
2013 |
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Oct 31,
2012 |
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Jul 31,
2012 |
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Revenue
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$ |
43,078 |
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$ |
43,600 |
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$ |
41,148 |
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$ |
40,319 |
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$ |
38,924 |
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$ |
38,920 |
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$ |
35,148 |
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$ |
33,820 |
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Cost of revenue
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14,522 |
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13,758 |
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12,508 |
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12,117 |
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12,319 |
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12,130 |
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11,672 |
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11,229 |
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Gross profit
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28,556 |
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29,842 |
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28,640 |
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28,202 |
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26,605 |
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26,790 |
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23,476 |
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22,591 |
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Operating expenses:
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Sales and marketing
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23,884 |
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20,765 |
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20,837 |
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20,996 |
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22,095 |
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20,103 |
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17,165 |
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13,751 |
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Research and development
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9,832 |
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9,036 |
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9,793 |
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8,924 |
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8,691 |
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8,822 |
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7,496 |
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7,160 |
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General and administrative
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6,521 |
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7,674 |
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3,639 |
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8,536 |
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9,672 |
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8,125 |
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6,533 |
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6,660 |
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Acquisition-related and other
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366 |
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31 |
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8,283 |
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7,504 |
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7,819 |
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1,583 |
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1,085 |
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— |
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Amortization of acquired intangible assets
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288 |
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282 |
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283 |
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282 |
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282 |
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267 |
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— |
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— |
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Total operating expenses
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40,891 |
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37,788 |
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42,835 |
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46,242 |
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48,559 |
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38,900 |
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32,279 |
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27,571 |
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Operating loss
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(12,335 |
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(7,946 |
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(14,195 |
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(18,040 |
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(21,954 |
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(12,110 |
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(8,803 |
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(4,980 |
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Total other income (expense), net
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(316 |
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(268 |
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(249 |
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3 |
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(483 |
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8 |
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54 |
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(407 |
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Net loss before income taxes
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(12,651 |
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(8,214 |
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(14,444 |
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(18,037 |
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(22,437 |
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(12,102 |
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(8,749 |
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(5,387 |
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Income tax expense (benefit)
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(418 |
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179 |
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130 |
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(391 |
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583 |
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(2,295 |
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271 |
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269 |
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Net loss from continuing operations
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(12,233 |
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(8,393 |
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(14,574 |
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(17,646 |
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(23,020 |
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(9,807 |
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(9,020 |
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(5,656 |
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Income (loss) from discontinued operations, net of tax
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$ |
(11,448 |
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$ |
430 |
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$ |
420 |
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$ |
278 |
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$ |
(124 |
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$ |
(1,020 |
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$ |
(2,222 |
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$ |
(12,883 |
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Net loss applicable to common stockholders
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$ |
(23,681 |
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$ |
(7,963 |
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$ |
(14,154 |
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$ |
(17,368 |
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$ |
(23,144 |
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$ |
(10,827 |
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$ |
(11,242 |
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$ |
(18,539 |
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Basic earnings (loss) per share:
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Continuing operations
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$ |
(0.16 |
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$ |
(0.11 |
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$ |
(0.20 |
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$ |
(0.23 |
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$ |
(0.32 |
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$ |
(0.14 |
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$ |
(0.13 |
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$ |
(0.09 |
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Discontinued operations
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(0.15 |
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0.01 |
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0.01 |
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— |
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— |
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(0.01 |
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(0.03 |
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(0.21 |
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Basic loss per share:
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$ |
(0.31 |
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$ |
(0.10 |
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$ |
(0.19 |
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$ |
(0.23 |
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$ |
(0.32 |
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$ |
(0.15 |
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$ |
(0.16 |
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$ |
(0.30 |
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Diluted earnings per share:
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Continuing operations
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Discontinued operations
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— |
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0.01 |
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0.01 |
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— |
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— |
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— |
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— |
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— |
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Diluted earnings per share:
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$ |
— |
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$ |
0.01 |
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$ |
0.01 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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