8x8 2012 Annual Report Download - page 43

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8X8, INC.
CONSOLIDATED STATEMENTS OF INCOME
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
2012 2011 2010
Service revenue $ 78,382 $ 64,998 $ 58,683
Product revenue 7,421 5,165 4,713
Total revenue 85,803 70,163 63,396
Operating expenses:
Cost of service revenue 18,065 14,508 13,599
Cost of product revenue 9,822 8,115 7,257
Research and development 6,745 4,819 5,049
Sales and marketing 37,980 31,744 29,134
General and administrative 6,012 4,733 4,382
Total operating expenses 78,624 63,919 59,421
Income from operations 7,179 6,244 3,975
Other income (loss), net (305) 138 53
Income (loss) on change in fair value of warrant liability - 167 (146)
Income before provision (benefit) for income taxes 6,874 6,549 3,882
Provision (benefit) for income taxes (62,354) 55 3
Net income $ 69,228 $ 6,494 $ 3,879
Net income per share:
Basic $ 1.04 $ 0.10 $ 0.06
Diluted $ 0.99 $ 0.10 $ 0.06
Weighted average number of shares:
Basic 66,413 63,087 62,861
Diluted 70,149 65,873 63,262
Years Ended March 31,
The accompanying notes are an integral part of these consolidated financial statements.
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