| Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | |
|---|---|---|---|---|---|---|
Revenue: | ||||||
License | ||||||
161,795 | 135,839 | 123,984 | 92,254 | 75,603 | 62,378 | |
Maintenance and other | ||||||
238,892 | 191,491 | 144,980 | 106,104 | 76,790 | 54,068 | |
Subscription | ||||||
28,027 | 8,055 | 0 | 0 | - | - | |
Total revenue | ||||||
428,714 | 335,385 | 268,964 | 198,358 | 152,393 | 116,446 | |
Cost of license revenue | ||||||
16,394 | 11,633 | 8,203 | 4,097 | 1,943 | 494 | |
Cost of maintenance and other revenue | ||||||
15,315 | 11,612 | 10,197 | 7,892 | 5,987 | 4,366 | |
Cost of subscription revenue | ||||||
12,657 | 4,671 | 0 | 0 | - | - | |
Gross profit | ||||||
384,348 | 307,469 | 250,564 | 186,369 | 144,463 | 111,586 | |
Operating expenses: | ||||||
Sales and marketing | ||||||
148,420 | 99,289 | 73,046 | 53,850 | 43,252 | 30,548 | |
Research and development | ||||||
56,479 | 37,514 | 28,769 | 21,332 | 15,731 | 11,199 | |
General and administrative | ||||||
77,172 | 48,919 | 35,079 | 28,076 | 23,476 | 26,038 | |
Accrued earnout gain | ||||||
- | - | - | -664 | - | - | |
Total operating expenses | ||||||
282,071 | 185,722 | 136,894 | 102,594 | 82,459 | 67,785 | |
Operating income | ||||||
102,277 | 121,747 | 113,670 | 83,775 | 62,004 | 43,801 | |
Other income (expense): | ||||||
Interest income | ||||||
363 | 396 | 430 | 308 | - | - | |
Interest expense | ||||||
684 | 215 | 0 | 0 | 1,146 | 4,253 | |
Interest income | ||||||
- | - | - | - | 177 | 267 | |
Other income, net | ||||||
640 | -425 | 419 | 720 | 115 | 90 | |
Total other income | ||||||
319 | -244 | 849 | 1,028 | -854 | -3,896 | |
Income before income taxes | ||||||
102,596 | 121,503 | 114,519 | 84,803 | 61,150 | 39,905 | |
Income tax expense | ||||||
24,483 | 31,725 | 33,176 | 22,360 | 16,404 | 10,396 | |
Net income | ||||||
78,113 | 89,778 | 81,343 | 62,443 | 44,746 | 29,509 | |
Net income per share: | ||||||
Basic earnings per share (in dollars per share) | ||||||
1.03 | 1.19 | 1.10 | 0.86 | 0.65 | 0.58 | |
Diluted earnings per share (in dollars per share) | ||||||
1.02 | 1.17 | 1.07 | 0.84 | 0.61 | 0.52 | |
Weighted average shares used to compute net income per share: | ||||||
Shares used in computation of basic earnings per share (in shares) | ||||||
75,476 | 75,182 | 74,166 | 72,812 | 68,664 | 51,042 | |
Shares used in computation of diluted earnings per share (in shares) | ||||||
76,462 | 76,475 | 76,035 | 74,413 | 72,862 | 56,824 | |