<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR YEAR <FISCAL-YEAR-END> JUL-31-1995 JUL-31-1996 JUL-31-1997 <PERIOD-START> AUG-01-1994 AUG-01-1995 AUG-01-1996 <PERIOD-END> JUL-31-1995 JUL-31-1996 JUL-31-1997 <CASH> 505 894 1,326 <SECURITIES> 0 0 0 <RECEIVABLES> 7,330 11,422 21,483 <ALLOWANCES> 122 281 616 <INVENTORY> 0 0 0 <CURRENT-ASSETS> 8,104 12,891 26,091 <PP&E> 1,817 3,132 12,640 <DEPRECIATION> 298 1,085 6,853 <TOTAL-ASSETS> 17,194 34,999 88,151 <CURRENT-LIABILITIES> 6,620 8,805 14,663 <BONDS> 5,924 20,036 32,388 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 25 25 73 <OTHER-SE> 4,625 6,133 41,027 <TOTAL-LIABILITY-AND-EQUITY> 17,914 34,999 88,151 <SALES> 21,032 71,812 131,867 <TOTAL-REVENUES> 21,032 71,812 131,867 <CGS> 0 0 0 <TOTAL-COSTS> 14,336 50,018 87,193 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 403 1,655 1,481 <INCOME-PRETAX> (1,622) 1,052 6,332 <INCOME-TAX> 3 176 2,485 <INCOME-CONTINUING> 0 0 0 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 (335) <CHANGES> 0 0 0 <NET-INCOME> (1,625) 876 3,512 <EPS-PRIMARY> (1.90) 0.34 0.53 <EPS-DILUTED> (1.90) 0.23 0.51