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Table of Contents
47
Fiscal Year Ended June 30, 2013
Consolidated Statements of Income Data
2013
2012
2011
Revenue:
(in thousands)
Product
$
69,162
$
24,186
$
10,752
Services
122,638
181,336
188,366
Total revenue
191,800
205,522
199,118
Cost of revenue:
Product
38,164
13,615
6,364
Services
30,949
30,833
31,786
Total cost of revenue
69,113
44,448
38,150
Gross profit
122,687
161,074
160,968
Operating expenses:
Research and development
60,349
65,764
52,617
Sales and marketing
30,435
25,345
16,588
General and administrative
24,765
26,084
19,757
Restructuring costs
1,671
—
—
Total operating expenses
117,220
117,193
88,962
Operating income
5,467
43,881
72,006
Other income, net
1,207
1,484
1,173
Income before provision for income taxes
6,674
45,365
73,179
Provision for income taxes
1,093
13,559
28,592
Income from continuing operations, net of tax
5,581
31,806
44,587
Income from discontinued operations, net of tax
7,486
602
(2,013
)
Net income
$
13,067
$
32,408
$
42,574
Fiscal Year Ended June 30, 2013
2013
2012
2011
Revenue:
(as a percentage of revenue)
Product
36
%
12
%
5
%
Services
64
%
88
%
95
%
Total revenue
100
%
100
%
100
%
Cost of revenue:
Product
20
%
7
%
3
%
Services
16
%
15
%
16
%
Total cost of revenue
36
%
22
%
19
%
Gross profit
64
%
78
%
81
%
Operating expenses:
Research and development
31
%
32
%
27
%
Sales and marketing
16
%
12
%
8
%
General and administrative
13
%
13
%
10
%
Restructuring costs
1
%
—
%
—
%
Total operating expenses
61
%
57
%
45
%
Operating income
3
%
21
%
36
%
Other income, net
—
%
1
%
—
%
Income before provision for income taxes
3
%
22
%
36
%
Provision for income taxes
—
%
6
%
14
%
Income from continuing operations, net of tax
3
%
16
%
22
%
Income from discontinued operations, net of tax
4
%
—
%
(
1
)%
Net income
7
%
16
%
21
%