Exhibit 99.2
Consolidated Balance Sheets
Unaudited
Last updated February 3, 2010
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| | Mar 31, | | Jun 30, | | Sep 30, | | Dec 31, | | Mar 31, | | Jun 30, | | Sep 30, | | Dec 31, | | Mar 31, | | Jun 30, | | Sep 30, | | Dec 31, |
| | 2007 | | 2007 | | 2007 | | 2007 | | 2008 | | 2008 | | 2008 | | 2008 | | 2009 | | 2009 | | 2009 | | 2009 |
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Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | | 44,899 | | | | 33,842 | | | | 33,109 | | | | 43,681 | | | | 44,591 | | | | 52,781 | | | | 51,145 | | | | 51,405 | | | | 51,462 | | | | 46,987 | | | | 32,388 | | | | 41,546 | |
Short-term investments | | | 37,578 | | | | 52,911 | | | | 56,823 | | | | 52,644 | | | | 36,585 | | | | 41,540 | | | | 46,444 | | | | 34,412 | | | | 36,517 | | | | 42,808 | | | | 60,634 | | | | 54,977 | |
Accounts receivable | | | 25,050 | | | | 27,797 | | | | 24,690 | | | | 29,480 | | | | 27,503 | | | | 26,722 | | | | 27,820 | | | | 36,770 | | | | 24,220 | | | | 31,670 | | | | 31,034 | | | | 31,850 | |
Term receivables | | | 20,555 | | | | 15,756 | | | | 13,773 | | | | 13,069 | | | | 9,616 | | | | 8,814 | | | | 6,875 | | | | 5,752 | | | | 4,810 | | | | 4,107 | | | | 3,011 | | | | 2,417 | |
Less allowance for doubtful accounts | | | (2,273 | ) | | | (2,046 | ) | | | (2,009 | ) | | | (1,918 | ) | | | (2,056 | ) | | | (2,177 | ) | | | (2,148 | ) | | | (2,277 | ) | | | (1,901 | ) | | | (1,910 | ) | | | (1,701 | ) | | | (1,914 | ) |
Prepaid & other current assets | | | 3,676 | | | | 4,980 | | | | 5,786 | | | | 5,979 | | | | 6,773 | | | | 7,082 | | | | 7,497 | | | | 7,531 | | | | 7,593 | | | | 7,815 | | | | 8,689 | | | | 8,828 | |
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Total current assets | | | 129,485 | | | | 133,240 | | | | 132,172 | | | | 142,935 | | | | 123,012 | | | | 134,762 | | | | 137,633 | | | | 133,593 | | | | 122,701 | | | | 131,477 | | | | 134,055 | | | | 137,704 | |
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Long-term investments | | | — | | | | — | | | | — | | | | — | | | | 17,810 | | | | 11,925 | | | | 4,612 | | | | 4,963 | | | | 4,980 | | | | 4,792 | | | | — | | | | — | |
Property and equipment, net | | | 10,715 | | | | 10,494 | | | | 10,451 | | | | 10,856 | | | | 10,807 | | | | 10,798 | | | | 10,377 | | | | 10,141 | | | | 9,187 | | | | 9,775 | | | | 9,781 | | | | 10,122 | |
Term receivables, noncurrent | | | 19,349 | | | | 13,239 | | | | 11,170 | | | | 9,859 | | | | 8,059 | | | | 5,728 | | | | 4,420 | | | | 3,547 | | | | 2,804 | | | | 2,159 | | | | 1,447 | | | | 1,105 | |
Intangible and other assets, net | | | 9,380 | | | | 9,352 | | | | 9,221 | | | | 10,136 | | | | 10,016 | | | | 10,025 | | | | 10,268 | | | | 10,093 | | | | 9,274 | | | | 9,379 | | | | 14,991 | | | | 15,504 | |
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Total assets | | | 168,929 | | | | 166,325 | | | | 163,014 | | | | 173,786 | | | | 169,704 | | | | 173,238 | | | | 167,310 | | | | 162,337 | | | | 148,946 | | | | 157,582 | | | | 160,274 | | | | 164,435 | |
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Liabilities, Preferred Stock and Stockholders’ Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | | 13,818 | | | | 14,688 | | | | 14,855 | | | | 15,790 | | | | 18,146 | | | | 17,919 | | | | 17,405 | | | | 16,223 | | | | 14,309 | | | | 17,847 | | | | 16,601 | | | | 16,573 | |
Commissions and bonuses payable | | | 2,902 | | | | 2,918 | | | | 2,889 | | | | 5,044 | | | | 3,531 | | | | 4,279 | | | | 4,351 | | | | 5,665 | | | | 3,084 | | | | 4,958 | | | | 4,838 | | | | 6,271 | |
Current portion of long-term debt | | | 32 | | | | 32 | | | | 42 | | | | 43 | | | | 44 | | | | 44 | | | | 45 | | | | 46 | | | | 46 | | | | 45 | | | | 34 | | | | 22 | |
Deferred revenue | | | 67,444 | | | | 66,660 | | | | 69,665 | | | | 76,995 | | | | 73,575 | | | | 76,693 | | | | 72,008 | | | | 77,584 | | | | 72,885 | | | | 75,972 | | | | 75,643 | | | | 74,446 | |
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Total current liabilities | | | 84,196 | | | | 84,298 | | | | 87,451 | | | | 97,872 | | | | 95,296 | | | | 98,935 | | | | 93,809 | | | | 99,518 | | | | 90,324 | | | | 98,822 | | | | 97,116 | | | | 97,312 | |
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Deferred revenue, noncurrent | | | 41,241 | | | | 41,718 | | | | 37,139 | | | | 37,665 | | | | 38,079 | | | | 39,289 | | | | 37,201 | | | | 35,614 | | | | 30,322 | | | | 28,112 | | | | 28,298 | | | | 26,881 | |
Long-term debt | | | 77 | | | | 69 | | | | 79 | | | | 68 | | | | 57 | | | | 45 | | | | 34 | | | | 22 | | | | 10 | | | | — | | | | — | | | | — | |
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Preferred stock | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
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Stockholders’ equity (deficit): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Common stock | | | 33 | | | | 33 | | | | 33 | | | | 33 | | | | 34 | | | | 34 | | | | 34 | | | | 34 | | | | 34 | | | | 34 | | | | 34 | | | | 34 | |
Additional paid-in capital | | | 88,064 | | | | 90,750 | | | | 92,486 | | | | 95,377 | | | | 97,107 | | | | 99,187 | | | | 101,337 | | | | 102,662 | | | | 104,345 | | | | 107,281 | | | | 109,394 | | | | 112,439 | |
Treasury stock, at cost | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (13,209 | ) | | | (15,007 | ) | | | (15,007 | ) | | | (15,007 | ) | | | (15,007 | ) |
Other comprehensive income (loss) | | | (384 | ) | | | (504 | ) | | | (551 | ) | | | (292 | ) | | | (536 | ) | | | (787 | ) | | | (193 | ) | | | 1,916 | | | | 1,875 | | | | 1,260 | | | | 1,394 | | | | 1,125 | |
Accumulated deficit | | | (44,298 | ) | | | (50,039 | ) | | | (53,623 | ) | | | (56,937 | ) | | | (60,333 | ) | | | (63,465 | ) | | | (64,912 | ) | | | (64,220 | ) | | | (62,957 | ) | | | (62,920 | ) | | | (60,955 | ) | | | (58,349 | ) |
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Total stockholders’ equity | | | 43,415 | | | | 40,240 | | | | 38,345 | | | | 38,181 | | | | 36,272 | | | | 34,969 | | | | 36,266 | | | | 27,183 | | | | 28,290 | | | | 30,648 | | | | 34,860 | | | | 40,242 | |
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Total liabilities, preferred stock and stockholders’ equity | | | 168,929 | | | | 166,325 | | | | 163,014 | | | | 173,786 | | | | 169,704 | | | | 173,238 | | | | 167,310 | | | | 162,337 | | | | 148,946 | | | | 157,582 | | | | 160,274 | | | | 164,435 | |
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Consolidated Statements of Operations
Unaudited
Last updated February 3, 2010
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| | 2007 | | 2008 | | 2009 |
| | Q1 | | Q2 | | Q3 | | Q4 | | FY | | Q1 | | Q2 | | Q3 | | Q4 | | YTD | | Q1 | | Q2 | | Q3 | | Q4 | | YTD |
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Revenue: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Software, hosting and support | | | 19,819 | | | | 20,693 | | | | 22,366 | | | | 24,105 | | | | 86,983 | | | | 24,556 | | | | 25,573 | | | | 25,956 | | | | 26,491 | | | | 102,576 | | | | 26,045 | | | | 27,424 | | | | 29,754 | | | | 32,172 | | | | 115,395 | |
Professional services | | | 5,883 | | | | 5,772 | | | | 6,880 | | | | 6,559 | | | | 25,094 | | | | 8,342 | | | | 9,648 | | | | 10,281 | | | | 9,588 | | | | 37,859 | | | | 9,992 | | | | 8,916 | | | | 8,977 | | | | 9,407 | | | | 37,292 | |
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Total revenue | | | 25,702 | | | | 26,465 | | | | 29,246 | | | | 30,664 | | | | 112,077 | | | | 32,898 | | | | 35,221 | | | | 36,237 | | | | 36,079 | | | | 140,435 | | | | 36,037 | | | | 36,340 | | | | 38,731 | | | | 41,579 | | | | 152,687 | |
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Cost of revenue: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Software, hosting and support | | | 4,394 | | | | 4,565 | | | | 4,604 | | | | 4,848 | | | | 18,411 | | | | 5,035 | | | | 5,043 | | | | 5,305 | | | | 5,014 | | | | 20,397 | | | | 4,949 | | | | 4,954 | | | | 5,232 | | | | 5,813 | | | | 20,948 | |
Professional services | | | 5,171 | | | | 5,036 | | | | 5,667 | | | | 6,138 | | | | 22,012 | | | | 7,285 | | | | 7,810 | | | | 8,133 | | | | 7,212 | | | | 30,440 | | | | 7,008 | | | | 6,346 | | | | 6,365 | | | | 6,891 | | | | 26,610 | |
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Total cost of revenue | | | 9,565 | | | | 9,601 | | | | 10,271 | | | | 10,986 | | | | 40,423 | | | | 12,320 | | | | 12,853 | | | | 13,438 | | | | 12,226 | | | | 50,837 | | | | 11,957 | | | | 11,300 | | | | 11,597 | | | | 12,704 | | | | 47,558 | |
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Gross profit | | | 16,137 | | | | 16,864 | | | | 18,975 | | | | 19,678 | | | | 71,654 | | | | 20,578 | | | | 22,368 | | | | 22,799 | | | | 23,853 | | | | 89,598 | | | | 24,080 | | | | 25,040 | | | | 27,134 | | | | 28,875 | | | | 105,129 | |
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Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sales and marketing | | | 15,727 | | | | 15,788 | | | | 16,516 | | | | 17,087 | | | | 65,118 | | | | 16,818 | | | | 17,627 | | | | 16,889 | | | | 16,294 | | | | 67,628 | | | | 14,863 | | | | 16,008 | | | | 16,175 | | | | 17,705 | | | | 64,751 | |
Research and development | | | 4,296 | | | | 4,343 | | | | 4,308 | | | | 4,137 | | | | 17,084 | | | | 4,486 | | | | 4,507 | | | | 4,671 | | | | 4,628 | | | | 18,292 | | | | 4,756 | | | | 5,051 | | | | 5,100 | | | | 5,314 | | | | 20,221 | |
General and administrative | | | 2,860 | | | | 3,178 | | | | 2,680 | | | | 2,782 | | | | 11,500 | | | | 3,516 | | | | 3,890 | | | | 3,215 | | | | 2,994 | | | | 13,615 | | | | 3,446 | | | | 4,207 | | | | 4,018 | | | | 4,130 | | | | 15,801 | |
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Total operating expenses | | | 22,883 | | | | 23,309 | | | | 23,504 | | | | 24,006 | | | | 93,702 | | | | 24,820 | | | | 26,024 | | | | 24,775 | | | | 23,916 | | | | 99,535 | | | | 23,065 | | | | 25,266 | | | | 25,293 | | | | 27,149 | | | | 100,773 | |
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Operating income (loss) | | | (6,746 | ) | | | (6,445 | ) | | | (4,529 | ) | | | (4,328 | ) | | | (22,048 | ) | | | (4,242 | ) | | | (3,656 | ) | | | (1,976 | ) | | | (63 | ) | | | (9,937 | ) | | | 1,015 | | | | (226 | ) | | | 1,841 | | | | 1,726 | | | | 4,356 | |
Interest and other income, net | | | 828 | | | | 885 | | | | 1,004 | | | | 966 | | | | 3,683 | | | | 938 | | | | 519 | | | | 552 | | | | 687 | | | | 2,696 | | | | 401 | | | | 351 | | | | 342 | | | | 1,000 | | | | 2,094 | |
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Income (loss) before income taxes | | | (5,918 | ) | | | (5,560 | ) | | | (3,525 | ) | | | (3,362 | ) | | | (18,365 | ) | | | (3,304 | ) | | | (3,137 | ) | | | (1,424 | ) | | | 624 | | | | (7,241 | ) | | | 1,416 | | | | 125 | | | | 2,183 | | | | 2,726 | | | | 6,450 | |
(Provision) benefit for income taxes | | | (84 | ) | | | (181 | ) | | | (59 | ) | | | 48 | | | | (276 | ) | | | (92 | ) | | | 5 | | | | (23 | ) | | | 68 | | | | (42 | ) | | | (153 | ) | | | (89 | ) | | | (218 | ) | | | (119 | ) | | | (579 | ) |
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Net income (loss) | | | (6,002 | ) | | | (5,741 | ) | | | (3,584 | ) | | | (3,314 | ) | | | (18,641 | ) | | | (3,396 | ) | | | (3,132 | ) | | | (1,447 | ) | | | 692 | | | | (7,283 | ) | | | 1,263 | | | | 36 | | | | 1,965 | | | | 2,607 | | | | 5,871 | |
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Net income (loss) per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | (0.18 | ) | | $ | (0.17 | ) | | $ | (0.11 | ) | | $ | (0.10 | ) | | $ | (0.56 | ) | | $ | (0.10 | ) | | $ | (0.09 | ) | | $ | (0.04 | ) | | $ | 0.02 | | | $ | (0.22 | ) | | $ | 0.04 | | | $ | 0.00 | | | $ | 0.06 | | | $ | 0.08 | | | $ | 0.18 | |
Diluted | | $ | (0.18 | ) | | $ | (0.17 | ) | | $ | (0.11 | ) | | $ | (0.10 | ) | | $ | (0.56 | ) | | $ | (0.10 | ) | | $ | (0.09 | ) | | $ | (0.04 | ) | | $ | 0.02 | | | $ | (0.22 | ) | | $ | 0.04 | | | $ | 0.00 | | | $ | 0.06 | | | $ | 0.08 | | | $ | 0.18 | |
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Shares used in the computation: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | | 32,858 | | | | 32,983 | | | | 33,094 | | | | 33,371 | | | | 33,078 | | | | 33,532 | | | | 33,582 | | | | 33,640 | | | | 32,692 | | | | 33,362 | | | | 31,784 | | | | 31,677 | | | | 31,733 | | | | 31,815 | | | | 31,752 | |
Diluted | | | 32,858 | | | | 32,983 | | | | 33,094 | | | | 33,371 | | | | 33,078 | | | | 33,532 | | | | 33,582 | | | | 33,640 | | | | 33,204 | | | | 33,362 | | | | 32,249 | | | | 32,160 | | | | 32,424 | | | | 33,047 | | | | 32,336 | |
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Supplemental information of stock-based compensation expense included in: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cost of software, hosting and support | | | 58 | | | | 79 | | | | 84 | | | | 67 | | | | 288 | | | | 77 | | | | 79 | | | | 87 | | | | 80 | | | | 323 | | | | 96 | | | | 142 | | | | 120 | | | | 102 | | | | 460 | |
Cost of professional services | | | 125 | | | | 149 | | | | 217 | | | | 156 | | | | 647 | | | | 153 | | | | 165 | | | | 158 | | | | 162 | | | | 638 | | | | 133 | | | | 209 | | | | 138 | | | | 132 | | | | 612 | |
Sales and marketing | | | 658 | | | | 731 | | | | 542 | | | | 333 | | | | 2,264 | | | | 538 | | | | 595 | | | | 738 | | | | 583 | | | | 2,454 | | | | 622 | | | | 952 | | | | 761 | | | | 694 | | | | 3,029 | |
Research and development | | | 226 | | | | 289 | | | | 166 | | | | 206 | | | | 887 | | | | 235 | | | | 242 | | | | 252 | | | | 240 | | | | 969 | | | | 262 | | | | 377 | | | | 285 | | | | 254 | | | | 1,178 | |
General and administrative | | | 235 | | | | 743 | | | | 199 | | | | 208 | | | | 1,385 | | | | 263 | | | | 816 | | | | 297 | | | | 265 | | | | 1,641 | | | | 403 | | | | 1,056 | | | | 548 | | | | 500 | | | | 2,507 | |
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Total stock-based compensation | | | 1,302 | | | | 1,991 | | | | 1,208 | | | | 970 | | | | 5,471 | | | | 1,266 | | | | 1,897 | | | | 1,532 | | | | 1,330 | | | | 6,025 | | | | 1,516 | | | | 2,736 | | | | 1,852 | | | | 1,682 | | | | 7,786 | |
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Consolidated Statements of Cash Flow
Unaudited
Last updated February 3, 2010
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| | 2007 | | 2008 | | 2009 |
| | Q1 | | Q2 | | Q3 | | Q4 | | FY | | Q1 | | Q2 | | Q3 | | Q4 | | YTD | | Q1 | | Q2 | | Q3 | | Q4 | | YTD |
| | | | | | |
Operating activities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) | | | (6,002 | ) | | | (5,741 | ) | | | (3,584 | ) | | | (3,314 | ) | | | (18,641 | ) | | | (3,396 | ) | | | (3,132 | ) | | | (1,447 | ) | | | 692 | | | | (7,283 | ) | | | 1,263 | | | | 36 | | | | 1,965 | | | | 2,607 | | | | 5,871 | |
Noncash adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Depreciation and amortization | | | 1,675 | | | | 1,880 | | | | 1,869 | | | | 1,842 | | | | 7,266 | | | | 1,954 | | | | 1,956 | | | | 1,956 | | | | 1,905 | | | | 7,771 | | | | 1,887 | | | | 1,726 | | | | 1,797 | | | | 2,081 | | | | 7,491 | |
Provision for losses on accounts receivable | | | (69 | ) | | | 13 | | | | 401 | | | | 39 | | | | 384 | | | | 89 | | | | 26 | | | | 64 | | | | 33 | | | | 212 | | | | 57 | | | | 30 | | | | 30 | | | | 40 | | | | 157 | |
Stock-based compensation expense | | | 1,302 | | | | 1,991 | | | | 1,208 | | | | 970 | | | | 5,471 | | | | 1,266 | | | | 1,897 | | | | 1,532 | | | | 1,330 | | | | 6,025 | | | | 1,516 | | | | 2,736 | | | | 1,852 | | | | 1,682 | | | | 7,786 | |
Changes in operating accounts: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Receivables | | | 15,427 | | | | 8,224 | | | | 6,933 | | | | (3,032 | ) | | | 27,552 | | | | 7,447 | | | | 4,062 | | | | 1,143 | | | | (7,878 | ) | | | 4,774 | | | | 13,569 | | | | (5,171 | ) | | | 2,333 | | | | 524 | | | | 11,255 | |
Prepaid and other current assets | | | (1,471 | ) | | | (1,612 | ) | | | (803 | ) | | | (1,143 | ) | | | (5,029 | ) | | | (852 | ) | | | (804 | ) | | | (1,168 | ) | | | (900 | ) | | | (3,724 | ) | | | 399 | | | | (583 | ) | | | (693 | ) | | | (614 | ) | | | (1,491 | ) |
Accounts payable and accrued liabilities | | | 1,748 | | | | 810 | | | | 89 | | | | 1,041 | | | | 3,688 | | | | 2,292 | | | | (257 | ) | | | 42 | | | | (720 | ) | | | 1,357 | | | | (1,823 | ) | | | 3,099 | | | | (1,428 | ) | | | (34 | ) | | | (186 | ) |
Commissions and bonuses payable | | | (1,171 | ) | | | (1 | ) | | | (47 | ) | | | 2,176 | | | | 957 | | | | (1,523 | ) | | | 742 | | | | 166 | | | | 1,545 | | | | 930 | | | | (2,553 | ) | | | 1,743 | | | | (131 | ) | | | 1,392 | | | | 451 | |
Deferred revenue | | | (6,056 | ) | | | (814 | ) | | | (2,143 | ) | | | 8,407 | | | | (606 | ) | | | (3,434 | ) | | | 4,001 | | | | (3,566 | ) | | | 7,168 | | | | 4,169 | | | | (9,429 | ) | | | (2,038 | ) | | | (569 | ) | | | (2,880 | ) | | | (14,916 | ) |
Other | | | (23 | ) | | | 13 | | | | (130 | ) | | | 132 | | | | (8 | ) | | | (173 | ) | | | 83 | | | | (52 | ) | | | 635 | | | | 493 | | | | — | | | | 503 | | | | (248 | ) | | | (576 | ) | | | (321 | ) |
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Cash provided (used) by operating activities | | | 5,360 | | | | 4,763 | | | | 3,793 | | | | 7,118 | | | | 21,034 | | | | 3,670 | | | | 8,574 | | | | (1,330 | ) | | | 3,810 | | | | 14,724 | | | | 4,886 | | | | 2,081 | | | | 4,908 | | | | 4,222 | | | | 16,097 | |
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Investing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Acquistion of property and equipment | | | (1,987 | ) | | | (1,351 | ) | | | (1,426 | ) | | | (2,436 | ) | | | (7,200 | ) | | | (1,522 | ) | | | (1,536 | ) | | | (1,309 | ) | | | (1,425 | ) | | | (5,792 | ) | | | (584 | ) | | | (1,841 | ) | | | (1,240 | ) | | | (1,912 | ) | | | (5,577 | ) |
Business acquisitions | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (5,906 | ) | | | — | | | | (5,906 | ) |
Intangible asset additions | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (100 | ) | | | | | | | (144 | ) | | | (410 | ) | | | (654 | ) |
Change in investments, net | | | 1,549 | | | | (15,333 | ) | | | (3,912 | ) | | | 4,179 | | | | (13,517 | ) | | | (1,970 | ) | | | 748 | | | | 2,218 | | | | 12,435 | | | | 13,431 | | | | (2,251 | ) | | | (6,059 | ) | | | (13,081 | ) | | | 5,558 | | | | (15,833 | ) |
Other | | | (29 | ) | | | (32 | ) | | | 1 | | | | 17 | | | | (42 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
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Cash provided (used) for investing activities | | | (467 | ) | | | (16,716 | ) | | | (5,337 | ) | | | 1,760 | | | | (20,759 | ) | | | (3,492 | ) | | | (788 | ) | | | 909 | | | | 11,010 | | | | 7,639 | | | | (2,935 | ) | | | (7,900 | ) | | | (20,371 | ) | | | 3,236 | | | | (27,970 | ) |
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Financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from (payments on) long-term debt | | | (7 | ) | | | (8 | ) | | | (10 | ) | | | (10 | ) | | | (35 | ) | | | (11 | ) | | | (11 | ) | | | (11 | ) | | | (10 | ) | | | (43 | ) | | | (12 | ) | | | (11 | ) | | | (11 | ) | | | (12 | ) | | | (46 | ) |
Proceeds from issuance of stock: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Common stock issued under employee benefit plans | | | 643 | | | | 536 | | | | 509 | | | | 1,966 | | | | 3,653 | | | | 414 | | | | 234 | | | | 618 | | | | 130 | | | | 1,396 | | | | 78 | | | | 151 | | | | 167 | | | | 1,352 | | | | 1,748 | |
Common stock repurchase (Treasury) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (13,209 | ) | | | (13,209 | ) | | | (1,798 | ) | | | — | | | | — | | | | — | | | | (1,798 | ) |
Other | | | 49 | | | | 160 | | | | 19 | | | | (45 | ) | | | 183 | | | | 51 | | | | (53 | ) | | | — | | | | (133 | ) | | | (135 | ) | | | 89 | | | | 48 | | | | 95 | | | | 11 | | | | 243 | |
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Cash provided (used) by financing activities | | | 685 | | | | 688 | | | | 518 | | | | 1,911 | | | | 3,801 | | | | 454 | | | | 170 | | | | 607 | | | | (13,222 | ) | | | (11,991 | ) | | | (1,643 | ) | | | 188 | | | | 251 | | | | 1,351 | | | | 147 | |
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Effect of foreign exchange rates | | | 113 | | | | 208 | | | | 293 | | | | (217 | ) | | | 397 | | | | 278 | | | | 234 | | | | (1,822 | ) | | | (1,338 | ) | | | (2,648 | ) | | | (251 | ) | | | 1,156 | | | | 613 | | | | 349 | | | | 1,867 | |
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Net change in cash and cash equivalents | | | 5,691 | | | | (11,057 | ) | | | (733 | ) | | | 10,572 | | | | 4,473 | | | | 910 | | | | 8,190 | | | | (1,636 | ) | | | 260 | | | | 7,724 | | | | 57 | | | | (4,475 | ) | | | (14,599 | ) | | | 9,158 | | | | (9,859 | ) |
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Cash and cash equivalents at beginning of period | | | 39,208 | | | | 44,899 | | | | 33,842 | | | | 33,109 | | | | 39,208 | | | | 43,681 | | | | 44,591 | | | | 52,781 | | | | 51,145 | | | | 43,681 | | | | 51,405 | | | | 51,462 | | | | 46,987 | | | | 32,388 | | | | 51,405 | |
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Cash and cash equivalents at end of period | | | 44,899 | | | | 33,842 | | | | 33,109 | | | | 43,681 | | | | 43,681 | | | | 44,591 | | | | 52,781 | | | | 51,145 | | | | 51,405 | | | | 51,405 | | | | 51,462 | | | | 46,987 | | | | 32,388 | | | | 41,546 | | | | 41,546 | |
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Supplemental Data Sheet
Unaudited
Last updated February 3, 2010
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| | | | | | | | | | | | 2007 | | | | | | | | | | | | | | | | | | | 2008 | | | | | | | | | | | | | | | | | | | 2009 | | | | | | | |
| | | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | |
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Revenue | | Recurring | | | 19,225 | | | | 20,341 | | | | 21,813 | | | | 23,541 | | | | 84,920 | | | | 24,412 | | | | 25,459 | | | | 25,917 | | | | 26,476 | | | | 102,264 | | | | 25,955 | | | | 27,393 | | | | 29,741 | | | | 32,161 | | | | 115,250 | |
Mix | | Perpetual | | | 594 | | | | 352 | | | | 553 | | | | 564 | | | | 2,063 | | | | 144 | | | | 114 | | | | 39 | | | | 15 | | | | 312 | | | | 90 | | | | 31 | | | | 13 | | | | 11 | | | | 145 | |
(in thousands) | | Professional services | | | 5,883 | | | | 5,772 | | | | 6,880 | | | | 6,559 | | | | 25,094 | | | | 8,342 | | | | 9,648 | | | | 10,281 | | | | 9,588 | | | | 37,859 | | | | 9,992 | | | | 8,916 | | | | 8,977 | | | | 9,407 | | | | 37,292 | |
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| | Total | | | 25,702 | | | | 26,465 | | | | 29,246 | | | | 30,664 | | | | 112,077 | | | | 32,898 | | | | 35,221 | | | | 36,237 | | | | 36,079 | | | | 140,435 | | | | 36,037 | | | | 36,340 | | | | 38,731 | | | | 41,579 | | | | 152,687 | |
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Revenue | | Recurring | | | 75 | % | | | 77 | % | | | 74 | % | | | 77 | % | | | 76 | % | | | 75 | % | | | 73 | % | | | 72 | % | | | 73 | % | | | 73 | % | | | 72 | % | | | 75 | % | | | 77 | % | | | 77 | % | | | 75 | % |
Mix | | Perpetual | | | 2 | % | | | 1 | % | | | 2 | % | | | 2 | % | | | 2 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % |
(% of total) | | Professional services | | | 23 | % | | | 22 | % | | | 24 | % | | | 21 | % | | | 22 | % | | | 25 | % | | | 27 | % | | | 28 | % | | | 27 | % | | | 27 | % | | | 28 | % | | | 25 | % | | | 23 | % | | | 23 | % | | | 25 | % |
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Revenue by | | Americas | | | 18,472 | | | | 18,908 | | | | 20,687 | | | | 21,473 | | | | 79,540 | | | | 22,357 | | | | 23,384 | | | | 25,187 | | | | 26,712 | | | | 97,640 | | | | 26,997 | | | | 26,386 | | | | 27,737 | | | | 29,694 | | | | 110,814 | |
Geography | | Europe | | | 5,359 | | | | 5,321 | | | | 5,958 | | | | 6,923 | | | | 23,561 | | | | 8,066 | | | | 8,876 | | | | 8,082 | | | | 6,922 | | | | 31,946 | | | | 6,440 | | | | 6,832 | | | | 7,441 | | | | 7,831 | | | | 28,544 | |
(in thousands) | | Asia Pacific | | | 1,871 | | | | 2,236 | | | | 2,601 | | | | 2,268 | | | | 8,976 | | | | 2,475 | | | | 2,961 | | | | 2,968 | | | | 2,445 | | | | 10,849 | | | | 2,600 | | | | 3,122 | | | | 3,553 | | | | 4,054 | | | | 13,329 | |
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Revenue by | | Americas | | | 72 | % | | | 72 | % | | | 71 | % | | | 70 | % | | | 71 | % | | | 67 | % | | | 67 | % | | | 70 | % | | | 74 | % | | | 69 | % | | | 75 | % | | | 72 | % | | | 72 | % | | | 71 | % | | | 72 | % |
Geography | | Europe | | | 21 | % | | | 20 | % | | | 20 | % | | | 23 | % | | | 21 | % | | | 25 | % | | | 25 | % | | | 22 | % | | | 19 | % | | | 23 | % | | | 18 | % | | | 19 | % | | | 19 | % | | | 19 | % | | | 19 | % |
(% of total) | | Asia Pacific | | | 7 | % | | | 8 | % | | | 9 | % | | | 7 | % | | | 8 | % | | | 8 | % | | | 8 | % | | | 8 | % | | | 7 | % | | | 8 | % | | | 7 | % | | | 9 | % | | | 9 | % | | | 10 | % | | | 9 | % |
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Gross Deferred | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenue* | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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(in thousands) | | Total | | | 113,668 | | | | 122,793 | | | | 123,998 | | | | 134,933 | | | | | | | | 138,629 | | | | 147,052 | | | | 145,088 | | | | 150,872 | | | | | | | | 138,000 | | | | 152,424 | | | | 166,305 | | | | 179,892 | | | | | |
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Deferred | | Current | | | 67,444 | | | | 66,660 | | | | 69,665 | | | | 76,995 | | | | | | | | 73,575 | | | | 76,693 | | | | 72,008 | | | | 77,584 | | | | | | | | 72,885 | | | | 75,972 | | | | 75,643 | | | | 74,446 | | | | | |
Revenue | | Non-current | | | 41,241 | | | | 41,718 | | | | 37,139 | | | | 37,665 | | | | | | | | 38,079 | | | | 39,289 | | | | 37,201 | | | | 35,614 | | | | | | | | 30,322 | | | | 28,112 | | | | 28,298 | | | | 26,881 | | | | | |
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(in thousands) | | Total | | | 108,685 | | | | 108,378 | | | | 106,804 | | | | 114,660 | | | | | | | | 111,654 | | | | 115,982 | | | | 109,209 | | | | 113,198 | | | | | | | | 103,207 | | | | 104,084 | | | | 103,941 | | | | 101,327 | | | | | |
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Term Receivables | | Current | | | 20,555 | | | | 15,756 | | | | 13,773 | | | | 13,069 | | | | | | | | 9,616 | | | | 8,814 | | | | 6,875 | | | | 5,752 | | | | | | | | 4,810 | | | | 4,107 | | | | 3,011 | | | | 2,417 | | | | | |
(in thousands) | | Non-current | | | 19,349 | | | | 13,239 | | | | 11,170 | | | | 9,859 | | | | | | | | 8,059 | | | | 5,728 | | | | 4,420 | | | | 3,547 | | | | | | | | 2,804 | | | | 2,159 | | | | 1,447 | | | | 1,105 | | | | | |
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| | Total | | | 39,904 | | | | 28,995 | | | | 24,943 | | | | 22,928 | | | | | | | | 17,675 | | | | 14,542 | | | | 11,295 | | | | 9,299 | | | | | | | | 7,614 | | | | 6,266 | | | | 4,458 | | | | 3,522 | | | | | |
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Net Deferred | | Current | | | 46,889 | | | | 50,904 | | | | 55,892 | | | | 63,926 | | | | | | | | 63,959 | | | | 67,879 | | | | 65,133 | | | | 71,832 | | | | | | | | 68,075 | | | | 71,865 | | | | 72,632 | | | | 72,029 | | | | | |
Revenue | | Non-current | | | 21,892 | | | | 28,479 | | | | 25,969 | | | | 27,806 | | | | | | | | 30,020 | | | | 33,561 | | | | 32,781 | | | | 32,067 | | | | | | | | 27,518 | | | | 25,953 | | | | 26,851 | | | | 25,776 | | | | | |
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(in thousands) | | Total | | | 68,781 | | | | 79,383 | | | | 81,861 | | | | 91,732 | | | | | | | | 93,979 | | | | 101,440 | | | | 97,914 | | | | 103,899 | | | | | | | | 95,593 | | | | 97,818 | | | | 99,483 | | | | 97,805 | | | | | |
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Customers | | New | | | 62 | | | | 74 | | | | 60 | | | | 60 | | | | 256 | | | | 64 | | | | 73 | | | | 68 | | | | 59 | | | | 264 | | | | 26 | | | | 53 | | | | 82 | ** | | | 51 | | | | 212 | |
| | Total (~) | | | 1,800 | | | | 1,800 | | | | 1,800 | | | | 1,800 | | | | | | | | 1,800 | | | | 1,900 | | | | 1,900 | | | | 1,900 | | | | | | | | 1,900 | | | | 1,900 | | | | 1,900 | | | | 1,900 | | | | 1,900 | |
| | Interactions (in millions) | | | 352 | | | | 332 | | | | 347 | | | | 436 | | | | 1,467 | | | | 463 | | | | 477 | | | | 576 | | | | 583 | | | | 2,099 | | | | 584 | | | | 586 | | | | 620 | | | | 704 | | | | 2,494 | |
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Employees | | Worldwide | | | 679 | | | | 698 | | | | 691 | | | | 686 | | | | | | | | 718 | | | | 765 | | | | 777 | | | | 737 | | | | | | | | 742 | | | | 756 | | | | 792 | | | | 797 | | | | | |
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* | | Includes invoiced and uninvoiced deferred revenue. |
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** | | Q3’09 customer count includes acquired customers from HiveLive acquisition. |