 |
Results of Operations
The following table sets forth, for the periods indicated, certain financial data as a percentage of revenues:
|
|
Year Ended March 31, |
|
|
 |
|
2002 |
2001 |
2000 |
|
|
| Revenues |
100.0% |
100.0% |
100.0% |
| Cost of revenues |
66.3 |
70.0 |
74.5 |
|
|
| Gross profit |
33.7 |
30.0 |
25.5 |
| Operating expenses: |
| Sales and marketing |
16.1 |
14.2 |
9.2 |
| General and administrative |
26.4 |
20.3 |
21.1 |
| Restructuring expense |
4.5 |
1.0 |
- |
|
|
| Total operating expenses |
47.0 |
35.5 |
30.3 |
|
|
| Loss from operations |
(13.3) |
(5.5) |
(4.8) |
| Interest income, net |
5.1 |
6.3 |
5.2 |
| Write-down of investment |
14.7 |
- |
- |
|
|
Income (loss) from continuing operations before
provision (benefit) for income taxes |
(22.9) |
0.8 |
0.4 |
| Provision (benefit) for income taxes |
(6.2) |
0.7 |
0.3 |
|
|
| Income (loss) from continuing operations |
(16.7) |
0.1 |
0.1 |
| Discontinued operations: |
Loss from operations of discontinued business
(less applicable income tax benefit of 2.0%) |
3.9 |
- |
- |
Loss on disposal of business
(less applicable income tax benefit of 3.6%) |
9.4 |
- |
- |
|
|
| Net income (loss) |
(30.0)% |
0.1% |
0.1% |
|
 |
|
