Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

 v2.3.0.11
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
On demand $ 57,039 $ 40,089 $ 109,976 $ 77,296
On premise 1,628 2,424 3,273 4,292
Professional and other 2,968 2,296 5,934 4,599
Total revenue 61,635 44,809 119,183 86,187
Cost of revenue 25,810 [1] 18,534 [1] 50,493 [1] 36,392 [1]
Gross profit 35,825 26,275 68,690 49,795
Operating expense:        
Product development 10,537 [1] 8,989 [1] 20,853 [1] 17,304 [1]
Sales and marketing 14,510 [1] 8,825 [1] 27,304 [1] 16,365 [1]
General and administrative 9,574 [1] 6,739 [1] 19,350 [1] 13,261 [1]
Total operating expense 34,621 24,553 67,507 46,930
Operating income 1,204 1,722 1,183 2,865
Interest expense and other, net (732) (1,463) (1,898) (2,927)
Income (loss) before income taxes 472 259 (715) (62)
Income tax expense (benefit) 190 95 (349) (23)
Net income (loss) 282 164 (366) (39)
Net income (loss) attributable to common stockholders        
Basic 282 (807) (366) (2,363)
Diluted $ 282 $ (807) $ (366) $ (2,363)
Net income (loss) per share attributable to common stockholders        
Basic $ 0.00 $ (0.03) $ (0.01) $ (0.09)
Diluted $ 0.00 $ (0.03) $ (0.01) $ (0.09)
Weighted average shares used in computing net loss per share attributable to common stockholders        
Basic 68,673 26,042 67,741 25,901
Diluted 72,012 26,042 67,741 25,901
[1] Includes stock-based compensation expense as follows: