Statements of Income
| Three months ended September 30, | Six months ended September 30, | Year ended | |||
|---|---|---|---|---|---|
| 2000 (Unaudited) |
1999 (Audited) |
2000 (Unaudited) |
1999 (Audited) |
March 31, 2000 (Audited) |
|
| REVENUES | |||||
| Revenues | $ 97,939,050 | $ 47,941,680 | $ 178,196,883 | $ 87,670,580 | $ 203,443,754 |
| Cost of revenues | 50,198,315 | 26,103,672 | 92,160,476 | 46,723,936 | 111,080,546 |
| Gross profit | 47,740,735 | 21,838,008 | 86,036,407 | 40,946,644 | 92,363,208 |
| Operating Expenses | |||||
| Selling and marketing expenses | 4,994,025 | 1,665,122 | 9,191,540 | 4,154,480 | 9,643,970 |
| General and administrative expenses | 9,274,568 | 4,264,873 | 15,691,481 | 7,327,571 | 17,102,550 |
| Amortization of stock compensation expense | 1,275,796 | 1,293,002 | 2,551,592 | 2,543,102 | 5,117,635 |
| Other income, net | 4,292,181 | 2,205,581 | 7,695,238 | 5,416,282 | 9,038,792 |
| Income before income taxes | 36,488,527 | 16,820,592 | 66,297,032 | 32,337,773 | 69,537,845 |
| Provision for income taxes | 3,706,641 | 2,100,081 | 6,683,473 | 4,306,383 | 8,193,317 |
| Net income | $ 32,781,886 | $ 14,720,511 | $ 59,613,559 | $ 28,031,390 | $ 61,344,528 |
| Earnings per equity share | |||||
| Basic | $ 0.50 | $ 0.22 | $ 0.90 | $ 0.42 | $ 0.93 |
| Diluted | $ 0.49 | $ 0.22 | $ 0.89 | $ 0.42 | $ 0.93 |
| Weighted equity shares used in computing earnings per equity share | |||||
| Basic | 65,941,034 | 65,671,534 | 65,959,151 | 65,680,100 | 65,659,625 |
| Diluted | 66,912,722 | 65,671,534 | 67,097,321 | 65,680,100 | 65,863,990 |
