Revenue for the first quarter of 2013 was $104.7 million, compared with $83.0 million in the first quarter of 2012, an increase of 26%.
Net income for the first quarter of 2013 was $24.4 million, or $0.45 per diluted ordinary share, based on 54.6 million weighted-average diluted ordinary shares outstanding. This compares with net income of $10.9 million, or $0.21 per diluted ordinary share in the equivalent period last year, an increase of 114% per diluted ordinary share. Net cash flow from operating activities was
$43.3 million in the first quarter of 2013, an increase of 110% compared with $20.6 million for the same period last year.
Non-GAAP adjusted net income for the first quarter of 2013 was $31.8 million, or
$0.58 per diluted ordinary share. This compares with non-GAAP adjusted net income of $18.2 million, or $0.34 per diluted ordinary share, for the same period of the prior year, an increase of 71% per diluted ordinary share.1 Unlevered free cash flow was $43.8 million for the quarter, compared with $22.8 million for the same period in the prior year, an increase of 92%.
Deferred revenue as of March 31, 2013 was $187.4 million, compared with $157.7 million at March 31, 2012 and $181.2 million at December 31, 2012. Cash and cash equivalents totaled $60.8 million and net debt was $14.4 million as of March 31,