| Quarterly Financial Information |
Quarterly Financial Information (Unaudited) 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 |
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| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| 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 | — |
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| | — |
| | — |
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| | (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 | — |
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| | — |
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| | (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. |
The sum of the quarterly earnings per share amounts may not equal the total for the year due to the effects of rounding. |