Statements of Income
(Expressed in United States dollars except share data)
| Quarter ended | Year ended | ||
|---|---|---|---|
| June 30, 2000 | June 30, 1999 | March 31, 2000 | |
| (unaudited) | (unaudited) | (audited) | |
| REVENUES | 80,257,833 | 39,728,900 | 203,443,754 |
| Cost of revenues | 41,962,161 | 20,620,264 | 111,080,546 |
| Gross profit | 38,295,672 | 19,108,636 | 92,363,208 |
| Operating Expenses: | |||
| Selling and marketing expenses | 4,197,515 | 2,489,358 | 9,643,970 |
| General and administrative expenses | 6,416,913 | 3,062,698 | 17,102,550 |
| Amortization of stock compensation expense | 1,275,796 | 1,250,100 | 5,117,635 |
| Total operating expenses | 11,890,224 | 6,802,156 | 31,864,155 |
| Operating income | 26,405,448 | 12,306,480 | 60,499,053 |
| Other income, net | 3,403,057 | 3,210,701 | 9,038,792 |
| Income before income taxes | 29,808,505 | 15,517,181 | 69,537,845 |
| Provision for income taxes | 2,976,832 | 2,206,302 | 8,193,317 |
| Net income available for common stockholders | 26,831,673 | 13,310,879 | 61,344,528 |
| Earnings per equity share | |||
| Basic | 0.41 | 0.20 | 0.93 |
| Diluted | 0.40 | 0.20 | 0.93 |
| Weighted equity shares used in computing earnings per equity share | |||
| Basic | 65,977,267 | 65,688,666 | 65,659,625; |
| Diluted | 67,281,919 | 65,688,666 | 65,863,990 |
