Page 1 of 1
RETALIX LTD.
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data) (unaudited)
Three months ended
September 30,
Nine months ended
September 30,
2012 2011 2012 2011
Revenues:
Product sales $ 14,632 $ 13,557 $ 42,311 $ 37,637...
More
Page 1 of 1
RETALIX LTD.
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data) (unaudited)
Three months ended
September 30,
Nine months ended
September 30,
2012 2011 2012 2011
Revenues:
Product sales $ 14,632 $ 13,557 $ 42,311 $ 37,637
Services 55,905 48,006 162,116 135,899
Total revenues 70,537 61,563 204,427 173,536
Cost of revenues:
Cost of product sales 8,388 8,147 24,647 23,358
Cost of services 32,452 28,120 93,723 77,630
Total cost of revenues 40,840 36,267 118,370 100,988
Gross profit 29,697 25,296 86,057 72,548
Operating expenses:
Research and development 9,356 8,333 27,041 23,397
Selling and marketing 7,737 6,841 23,669 18,793
General and administrative 7,483 7,152 21,559 20,204
Total operating expenses 24,576 22,326 72,269 62,394
Operating income 5,121 2,970 13,788 10,154
Financial income (expenses), net (138) 1,104 1,163 1,216
Share in income of an associated company - - - 38
Income before income taxes 4,983 4,074 14,951 11,408
Income taxes (1,219) 1,539 (
Less
