Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).
- Revenue Trends
- The service revenue exhibits notable volatility, with significant increases followed by dips across the quarters. Peaks are observed in Apr 30, 2020; Apr 30, 2021; Apr 30, 2023; and Apr 30, 2025, indicating strong seasonal or event-driven demand. Product and other revenue shows smaller fluctuations and remains relatively stable, with slight growth over the observed period.
- Cost of Revenue
- Cost of service revenue generally trends upward in absolute value, mirroring the fluctuations in service revenue but with increasing magnitude, especially in later periods such as Apr 30, 2022, and Oct 31, 2024. Cost of product revenue is relatively stable with minor variations. Overall cost of revenue increases consistently, which could reflect rising expenses related to scaling business activities or inflationary effects.
- Gross Profit
- Gross profit closely follows the pattern of net revenue, with peaks corresponding to revenue surges. Despite higher costs, gross profit rises substantially during high revenue quarters, suggesting maintenance of healthy margins during growth phases. However, there are quarters where gross profit dips significantly, which implies margin pressure during those periods.
- Operating Expenses
- Selling and marketing expenses show a clear increasing trend over time, with occasional large jumps, indicating intensified efforts to acquire or retain customers. Research and development expenses remain steady with a gradual upward trajectory, highlighting ongoing investment in innovation. General and administrative expenses also rise consistently, reflecting scaling organizational needs or inflation. Notably, amortization of other acquired intangible assets spikes markedly starting Jan 31, 2021, suggesting recent acquisitions or changes in accounting treatment.
- Restructuring Costs
- Restructuring expenses appear sporadically in later periods starting Jan 31, 2025, with decreasing amounts over subsequent quarters. This indicates recent organizational changes or cost realignment efforts aimed at improving operational efficiency.
- Profitability
- Operating income fluctuates widely, with some quarters showing substantial profits (e.g., Apr 30, 2021; Apr 30, 2023; and Jul 31, 2025), but also several quarters with minimal or negative operating income, signaling variable operational performance. Interest expenses rise over time, increasing financial costs, although interest and other income contribute positively with some volatility. Income before taxes follows a similar pattern to operating income, reflecting operating results and financing impacts.
- Income Tax and Net Income
- Income tax provisions vary significantly, including some quarters with negative provisions (tax benefits). This tax volatility influences net income results, which, despite fluctuations, show overall growth and several high-profit quarters. Net income peaks align with strong operating income quarters, underscoring effective translation of operational success into bottom-line profitability.
- Summary
- The financial data demonstrates a pattern of cyclical revenue growth primarily driven by service offerings, accompanied by proportional cost increases. Operating expenses steadily rise, reflecting growth and investment in marketing and development. Profitability is uneven but generally improving when considering net income peaks in later periods. The appearance of restructuring costs in recent quarters suggests active efforts to enhance efficiency. Overall, the data indicates ongoing expansion with attention to managing costs and maintaining profitability amidst fluctuating market demands.