|
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
May 31, 2011
|
May 31, 2010
|
May 31, 2011
|
May 31, 2010
|
|
| Revenue: | Â | Â | Â | Â |
| Software licenses | $ 45,417 | $ 44,228 | $ 96,753 | $ 91,345 |
| Maintenance and services | 89,267 | 83,428 | 172,168 | 163,858 |
| Total revenue | 134,684 | 127,656 | 268,921 | 255,203 |
| Costs of revenue: | Â | Â | Â | Â |
| Cost of software licenses | 2,321 | 1,619 | 4,702 | 3,608 |
| Cost of maintenance and services | 19,906 | 18,327 | 37,674 | 35,241 |
| Amortization of acquired intangibles for purchased technology | 3,930 | 5,285 | 7,905 | 10,383 |
| Total costs of revenue | 26,157 | 25,231 | 50,281 | 49,232 |
| Gross profit | 108,527 | 102,425 | 218,640 | 205,971 |
| Operating expenses: | Â | Â | Â | Â |
| Sales and marketing | 44,312 | 40,140 | 89,010 | 83,346 |
| Product development | 20,137 | 23,153 | 40,996 | 46,540 |
| General and administrative | 13,742 | 13,448 | 25,594 | 26,230 |
| Amortization of other acquired intangibles | 1,982 | 2,736 | 4,256 | 5,100 |
| Restructuring expense | 1,144 | 203 | 3,258 | 25,974 |
| Acquisition-related expenses | Â | Â | Â | 415 |
| Total operating expenses | 81,317 | 79,680 | 163,114 | 187,605 |
| Income from operations | 27,210 | 22,745 | 55,526 | 18,366 |
| Other income: | Â | Â | Â | Â |
| Interest income and other | 714 | 581 | 1,301 | 2,062 |
| Foreign currency gain (loss) | (505) | 3,338 | (1,131) | 4,613 |
| Total other income | 209 | 3,919 | 170 | 6,675 |
| Income before provision for income taxes | 27,419 | 26,664 | 55,696 | 25,041 |
| Provision for income taxes | 9,459 | 7,606 | 17,215 | 6,989 |
| Net income | $ 17,960 | $ 19,058 | $ 38,481 | $ 18,052 |
| Earnings per share: | Â | Â | Â | Â |
| Basic | $ 0.27 | $ 0.30 | $ 0.57 | $ 0.29 |
| Diluted | $ 0.26 | $ 0.29 | $ 0.55 | $ 0.28 |
| Weighted average shares outstanding: | Â | Â | Â | Â |
| Basic | 66,897 | 63,805 | 66,942 | 62,712 |
| Diluted | 69,246 | 66,355 | 69,453 | 65,191 |