Consolidated Quarterly Financial Data (Unaudited)

12 Months Ended

Mar. 31, 2013

Consolidated Quarterly Financial Data

Consolidated Quarterly Financial Data (Unaudited)

8X8, INC.
CONSOLIDATED QUARTERLY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)

		QUARTER ENDED
		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,
		2013		2012		2012		2012		2012		2011		2011		2011
Service revenue	$	25,905	$	24,958	$	24,177	$	23,172	$	22,148	$	21,200	$	18,013	$	17,021
Product revenue		2,746		2,382		2,194		2,080		2,051		2,078		1,806		1,486
Total revenue		28,651		27,340		26,371		25,252		24,199		23,278		19,819		18,507
Operating expenses:
Cost of service revenue		5,217		5,473		5,825		5,686		5,301		4,890		4,059		3,815
Cost of product revenue		3,216		3,203		2,672		2,710		2,355		2,584		2,613		2,270
Research and development		2,174		2,117		2,030		1,826		1,843		1,955		1,540		1,407
Sales and marketing		13,042		11,651		11,010		10,541		10,904		9,816		9,076		8,184
General, and administrative		2,349		2,136		2,070		2,064		1,640		1,481		1,666		1,225
Gain on patent sale		(1,000)		-		-		(11,965)		-		-		-		-
Total operating expenses		24,998		24,580		23,607		10,862		22,043		20,726		18,954		16,901
Income from operations		3,653		2,760		2,764		14,390		2,156		2,552		865		1,606
Other income (loss), net		15		73		9		8		(363)		49		(11)		20
Income before provision
(benefit) for income taxes		3,668		2,833		2,773		14,398		1,793		2,601		854		1,626
Provision (benefit) for
income taxes (1)		2,007		913		1,032		5,781		(62,070)		15		22		(321)
Net income	$	1,661	$	1,920	$	1,741	$	8,617	$	63,863	$	2,586	$	832	$	1,947
Net income per share:
Basic	$	0.02	$	0.03	$	0.02	$	0.12	$	0.91	$	0.04	$	0.01	$	0.03
Diluted	$	0.02	$	0.03	$	0.02	$	0.12	$	0.87	$	0.04	$	0.01	$	0.03
Shares used in per share calculations:
Basic		71,998		71,611		71,261		70,717		70,205		69,445		63,710		62,264
Diluted		75,053		74,988		74,558		74,110		73,648		73,214		67,759		65,808

(1) Comparability affected by the increase in the valuation allowance related to the deferred tax asset which resulted in an increase in the provision for income taxes of $1.0 million in the fourth quarter of fiscal 2013 and the income tax benefit of $62.1 million recorded in the fourth quarter of 2012 related to the release of deferred tax asset valuation allowance.