Tucows 2015 Annual Report Download - page 42

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Our quarterly and annual operating results may fluctuate and our future revenues and profitability are uncertain.
Our quarterly and annual operating results may fluctuate significantly in the future as a result of a variety of
factors, many of which are outside of our control. Our quarterly and annual operating results may be adversely affected by
a wide variety of factors, including:
• our ability to maintain revenue growth at current levels or anticipate a decline in revenue from any of our
services;
• our ability to identify and develop new technologies or services and to commercialize those technologies into
new services in a timely manner;
• the mix of our services sold during the quarter or year;
• our ability to make appropriate decisions which will position us to achieve further growth;
• concentrated capital expenditures in any particular period to support our growth or for other reasons;
• changes in our pricing policies or those of our competitors, changes in domain name fees charged to us by
Internet registries or ICANN, or other competitive pressures on selling prices;
• our ability to identify, hire, train, motivate and retain highly qualified personnel, and to achieve targeted
productivity levels;
• market acceptance of Internet services generally and of new and enhanced versions of our services in particular;
• our ability to establish and maintain a competitive advantage;
• the continued development of our global distribution channel and our ability to compete in multiple countries
successfully as part of our sales and marketing strategy;
• the number and significance of service enhancements and new service and technology announcements by our
competitors;
• our ability to identify, develop, deliver and introduce in a timely manner new and enhanced versions of our
current service offerings that anticipate market demand and address customer needs;
• changes in foreign currency exchange rates and issues relating to the conversion to the Canadian dollar;
• foreign, federal or state regulation affecting our business;
• our ability to continue to attract users to our website;
• our ability to attract software developers to participate in our Author Resource Center;
• our ability to continue to attract advertisers to place content on our website;
• technical difficulties or other factors that result in system downtime;
• seasonality of the markets and businesses of our customers;
• news relating to our industry as a whole;
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