to that end , during fiscal year 2017 , we implemented restructuring efforts including the consolidation of facilities , implementation of a simplified organizational structure and a reduction of marketing and other external expenses . in addition , we reduced headcount by over 400 employees , totaling over 20 % of our workforce . we reduced our full year expenses by over $ 30 million by the end of fiscal year 2017. on march 1 , 2017 , we acquired datarpm for an aggregate sum of $ 30.0 million . datarpm is a leader in cognitive predictive maintenance for the industrial iot ( iiot ) market . this acquisition is a key part of the company 's strategy to provide the best platform to build and deliver cognitive-first applications . on june 1 , 2017 , we acquired kinvey for an aggregate sum of $ 49.2 million . kinvey is the leading backend-as-a-service ( baas ) provider and allows developers to set up , use , and operate a cloud backend for any native , hybrid , web , or iot app built using any development tools . this acquisition , in combination with our existing technologies , enables us to offer the premier platform for building and delivering cognitive business applications . we derive a significant portion of our revenue from international operations , which are primarily conducted in foreign currencies . as a result , changes in the value of these foreign currencies relative to the u.s. dollar have significantly impacted our results of operations and may impact our future results of operations . for example , in fiscal years 2015 and 2016 , the value of the u.s. dollar strengthened in comparison to certain foreign currencies , including in europe , brazil and australia . since approximately one-third of our revenue is denominated in foreign currency , our revenue results during those periods were negatively impacted . the impact of foreign exchange did not result in a material impact on revenue during fiscal year 2017. we expect that future fluctuations in foreign currency exchange rates will impact our results . 20 in september 2017 , we announced a new capital allocation strategy pursuant to which we are targeting to return approximately 50 % of our annual cash flows from operations to stockholders in the form of share repurchases and 25-30 % through dividends . to that end , our board of directors increased our total share repurchase authorization to $ 250.0 million . in fiscal year 2017 , we repurchased and retired 2.2 million shares of our common stock for $ 73.9 million . as of november 30 , 2017 , there is $ 220.0 million remaining under this current authorization . we expect to repurchase $ 120.0 million of shares of our common stock in fiscal year 2018. however , the timing and amount of any shares repurchased will be determined by management based on its evaluation of market conditions and other factors , and we may choose to suspend , expand or discontinue the repurchase program at any time . on september 6 , 2017 , our board of directors approved a 12 % increase in our quarterly cash dividend to $ 0.14 per share of common stock . we began paying quarterly cash dividends of $ 0.125 per share of common stock to progress shareholders in december 2016. we expect to continue paying quarterly cash dividends in subsequent quarters consistent with our capital allocation strategy . however , we may terminate or modify this program at any time without notice . on january 5 , 2018 , our board of directors declared a quarterly dividend of $ 0.14 per share of common stock that will be paid on march 15 , 2018 to shareholders of record as of the close of business on march 1 , 2018. we expect to continue to evaluate possible acquisitions and other strategic transactions designed to expand our business and or add complementary products and technologies to our existing product sets . as a result , our expected uses of cash could change , our cash position could be reduced and we may incur additional debt obligations to the extent we complete additional acquisitions . however , we believe that existing cash balances , together with funds generated from operations and amounts available under our credit facility , will be sufficient to finance our operations and meet our foreseeable cash requirements , including quarterly cash dividends and stock repurchases to progress shareholders , through at least the next twelve months . on december 22 , 2017 , the tax cuts and jobs act ( the `` new tax legislation `` ) was signed into law . the new tax legislation had no impact on the company 's operating results , cash flows and financial condition in the fiscal year ended november 30 , 2017. the new tax legislation will impact the company 's operating results , cash flows , and financial condition beginning in the fiscal year ended november 30 , 2018 and the company is currently evaluating the extent of the impact . the new tax legislation includes a number of provisions , including the reduction of the u.s. corporate tax rate from 35 % to 21 % , effective january 1 , 2018. the new tax legislation also includes provisions that may partially offset the benefit of such rate reduction , including the repeal of the deduction for domestic production activities . as a result of the new tax legislation , we expect to realize a one-time tax benefit or expense for the remeasurement of deferred tax assets and liabilities . the effect of the international provisions of the new tax legislation , which generally establish a territorial-style system for taxing foreign-source income of domestic multinational corporations , are still being analyzed . story_separator_special_tag during the preparation of our condensed consolidated financial statements for the three months ended may 31 , 2016 , we identified an error in our prior year income tax provision whereby income tax expense was overstated for the year ended november 30 , 2015 by $ 2.7 million related to our tax treatment of an intercompany gain . we determined that the error is not material to the prior year financial statements . we also concluded that recording an out-of-period correction would not be material and corrected this error by recording an out-of-period $ 2.7 million tax benefit in our interim financial statements for the period ended may 31 , 2016. net income ( loss ) fiscal year ended ( in thousands ) november 30 , 2017 november 30 , 2016 percentage change net income ( loss ) $ 37,417 $ ( 55,726 ) 167 % as a percentage of total revenue 9 % ( 14 ) % 28 fiscal 2016 compared to fiscal 2015 revenue fiscal year ended percentage change ( in thousands ) november 30 , 2016 november 30 , 2015 as reported constant currency revenue $ 405,341 $ 377,554 7 % 9 % total revenue increased $ 27.8 million , or 7 % , in fiscal year 2016 as compared to fiscal year 2015. revenue would have increased by 9 % if exchange rates had been constant in fiscal year 2016 as compared to exchange rates in fiscal year 2015. the increase in revenue is primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015. as a result of acquisition accounting , the acquired deferred revenue balance was significantly reduced to reflect its fair value as of the acquisition date . therefore , the reduction of the acquisition date deferred revenue had a negative impact on revenue in fiscal year 2015. however , in fiscal year 2016 we recognized revenue related to the full value of telerik deferred revenue that was generated during fiscal years 2015 and 2016. the increase in revenue in fiscal year 2016 was also the result of an increase in license and maintenance and services revenue as further described below . changes in prices from fiscal year 2015 to 2016 did not have a significant impact on our revenue . license revenue replace_table_token_12_th software license revenue increased $ 4.6 million , or 4 % , in fiscal year 2016 as compared to fiscal year 2015. software license revenue would have increased by 5 % if exchange rates had been constant in fiscal year 2016 as compared to exchange rates in effect in fiscal year 2015. the increase in license revenue is primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . the increase in license revenue was also due to an increase in data connectivity and integration license sales , partially offset by decreases in sales to openedge customers and in corticon license sales . maintenance and services revenue replace_table_token_13_th maintenance and services revenue increased $ 23.2 million in fiscal year 2016 as compared to fiscal year 2015. both maintenance revenue and professional services revenue increased 9 % compared to the prior year . the increase in maintenance revenue is primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . the increase in services revenue in fiscal year 2016 was also due to higher software-as-a-service ( saas ) revenue generated by our application development and deployment segment compared to the prior year . 29 revenue by region replace_table_token_14_th total revenue generated in north america increased $ 21.6 million , and total revenue generated outside north america increased $ 6.2 million , in fiscal year 2016 as compared to fiscal year 2015. the increases in north america and emea were primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . the increase in latin america is primarily due to a multi-million dollar openedge direct license transaction that was completed in the fourth quarter of fiscal 2016. the decrease in asia pacific is due to several large openedge license transactions that occurred in the third fiscal quarter of 2015. total revenue generated in markets outside north america represented 43 % of total revenue in fiscal year 2016 compared to 45 % of total revenue in fiscal year 2015. total revenue generated in markets outside north america would have represented 44 % of total revenue if exchange rates had been constant in fiscal year 2016 as compared to the exchange rates in effect in fiscal year 2015. revenue by segment replace_table_token_15_th revenue in the openedge segment decreased $ 19.7 million , or 7 % , in fiscal year 2016 as compared to fiscal year 2015 , primarily due to lower license sales to both our isv partners and direct enterprise users and a large multi-year distribution agreement in 2015. revenue in the openedge segment would have decreased by 5 % if exchange rates had been constant in fiscal year 2016 as compared to exchange rates in fiscal year 2015. data connectivity and integration revenue increased $ 10.1 million , or 27 % , in fiscal year 2016 as compared to fiscal year 2015 , primarily in north america , due to higher license revenue resulting from renewals and expansions of distribution agreements with large oem customers . application development and deployment revenue increased $ 37.4 million , or 86 % , year over year as a result of the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . 30 cost of software licenses replace_table_token_16_th cost of software licenses consists primarily of costs of royalties , electronic software distribution costs , duplication and packaging . cost of software licenses decreased $ 0.5 million , or 9 % , in fiscal year 2016 as compared to fiscal year 2015 ,

liquidity and capital resources cash , cash equivalents and short-term investments replace_table_token_21_th the decrease in cash , cash equivalents and short-term investments of $ 66.1 million from the end of fiscal year 2016 was due to payments for acquisitions of $ 77.2 million , repurchases of common stock of $ 73.9 million , dividend payments of $ 24.1 million , payments of debt obligations in the amount of $ 11.3 million , equity grant withholding payments of $ 3.8 million , and payments of capital expenditures of $ 3.4 million . these cash outflows were partially offset by cash inflows from operations of $ 105.7 million , the effect of exchange rates on cash of $ 11.8 million , and $ 10.0 million in cash received from the issuance of common stock . except as described below , there are no limitations on our ability to access our cash , cash equivalents and short-term investments . cash , cash equivalents and short-term investments held by our foreign subsidiaries was $ 36.5 million and $ 26.8 million at november 30 , 2017 and 2016 , respectively . foreign cash includes unremitted foreign earnings , which are invested indefinitely outside of the u.s. as such , it is not available to fund our domestic operations . if we were to repatriate these earnings , they would be subject to taxation in the u.s. , but would be offset by foreign tax credits . we do not believe this has a material adverse impact on our liquidity . share repurchases in fiscal year 2015 , we repurchased and retired 1.3 million shares of our common stock for $ 32.9


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources cash , cash equivalents and short-term investments replace_table_token_21_th the decrease in cash , cash equivalents and short-term investments of $ 66.1 million from the end of fiscal year 2016 was due to payments for acquisitions of $ 77.2 million , repurchases of common stock of $ 73.9 million , dividend payments of $ 24.1 million , payments of debt obligations in the amount of $ 11.3 million , equity grant withholding payments of $ 3.8 million , and payments of capital expenditures of $ 3.4 million . these cash outflows were partially offset by cash inflows from operations of $ 105.7 million , the effect of exchange rates on cash of $ 11.8 million , and $ 10.0 million in cash received from the issuance of common stock . except as described below , there are no limitations on our ability to access our cash , cash equivalents and short-term investments . cash , cash equivalents and short-term investments held by our foreign subsidiaries was $ 36.5 million and $ 26.8 million at november 30 , 2017 and 2016 , respectively . foreign cash includes unremitted foreign earnings , which are invested indefinitely outside of the u.s. as such , it is not available to fund our domestic operations . if we were to repatriate these earnings , they would be subject to taxation in the u.s. , but would be offset by foreign tax credits . we do not believe this has a material adverse impact on our liquidity . share repurchases in fiscal year 2015 , we repurchased and retired 1.3 million shares of our common stock for $ 32.9
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 Suspicious Activity Report : to that end , during fiscal year 2017 , we implemented restructuring efforts including the consolidation of facilities , implementation of a simplified organizational structure and a reduction of marketing and other external expenses . in addition , we reduced headcount by over 400 employees , totaling over 20 % of our workforce . we reduced our full year expenses by over $ 30 million by the end of fiscal year 2017. on march 1 , 2017 , we acquired datarpm for an aggregate sum of $ 30.0 million . datarpm is a leader in cognitive predictive maintenance for the industrial iot ( iiot ) market . this acquisition is a key part of the company 's strategy to provide the best platform to build and deliver cognitive-first applications . on june 1 , 2017 , we acquired kinvey for an aggregate sum of $ 49.2 million . kinvey is the leading backend-as-a-service ( baas ) provider and allows developers to set up , use , and operate a cloud backend for any native , hybrid , web , or iot app built using any development tools . this acquisition , in combination with our existing technologies , enables us to offer the premier platform for building and delivering cognitive business applications . we derive a significant portion of our revenue from international operations , which are primarily conducted in foreign currencies . as a result , changes in the value of these foreign currencies relative to the u.s. dollar have significantly impacted our results of operations and may impact our future results of operations . for example , in fiscal years 2015 and 2016 , the value of the u.s. dollar strengthened in comparison to certain foreign currencies , including in europe , brazil and australia . since approximately one-third of our revenue is denominated in foreign currency , our revenue results during those periods were negatively impacted . the impact of foreign exchange did not result in a material impact on revenue during fiscal year 2017. we expect that future fluctuations in foreign currency exchange rates will impact our results . 20 in september 2017 , we announced a new capital allocation strategy pursuant to which we are targeting to return approximately 50 % of our annual cash flows from operations to stockholders in the form of share repurchases and 25-30 % through dividends . to that end , our board of directors increased our total share repurchase authorization to $ 250.0 million . in fiscal year 2017 , we repurchased and retired 2.2 million shares of our common stock for $ 73.9 million . as of november 30 , 2017 , there is $ 220.0 million remaining under this current authorization . we expect to repurchase $ 120.0 million of shares of our common stock in fiscal year 2018. however , the timing and amount of any shares repurchased will be determined by management based on its evaluation of market conditions and other factors , and we may choose to suspend , expand or discontinue the repurchase program at any time . on september 6 , 2017 , our board of directors approved a 12 % increase in our quarterly cash dividend to $ 0.14 per share of common stock . we began paying quarterly cash dividends of $ 0.125 per share of common stock to progress shareholders in december 2016. we expect to continue paying quarterly cash dividends in subsequent quarters consistent with our capital allocation strategy . however , we may terminate or modify this program at any time without notice . on january 5 , 2018 , our board of directors declared a quarterly dividend of $ 0.14 per share of common stock that will be paid on march 15 , 2018 to shareholders of record as of the close of business on march 1 , 2018. we expect to continue to evaluate possible acquisitions and other strategic transactions designed to expand our business and or add complementary products and technologies to our existing product sets . as a result , our expected uses of cash could change , our cash position could be reduced and we may incur additional debt obligations to the extent we complete additional acquisitions . however , we believe that existing cash balances , together with funds generated from operations and amounts available under our credit facility , will be sufficient to finance our operations and meet our foreseeable cash requirements , including quarterly cash dividends and stock repurchases to progress shareholders , through at least the next twelve months . on december 22 , 2017 , the tax cuts and jobs act ( the `` new tax legislation `` ) was signed into law . the new tax legislation had no impact on the company 's operating results , cash flows and financial condition in the fiscal year ended november 30 , 2017. the new tax legislation will impact the company 's operating results , cash flows , and financial condition beginning in the fiscal year ended november 30 , 2018 and the company is currently evaluating the extent of the impact . the new tax legislation includes a number of provisions , including the reduction of the u.s. corporate tax rate from 35 % to 21 % , effective january 1 , 2018. the new tax legislation also includes provisions that may partially offset the benefit of such rate reduction , including the repeal of the deduction for domestic production activities . as a result of the new tax legislation , we expect to realize a one-time tax benefit or expense for the remeasurement of deferred tax assets and liabilities . the effect of the international provisions of the new tax legislation , which generally establish a territorial-style system for taxing foreign-source income of domestic multinational corporations , are still being analyzed . story_separator_special_tag during the preparation of our condensed consolidated financial statements for the three months ended may 31 , 2016 , we identified an error in our prior year income tax provision whereby income tax expense was overstated for the year ended november 30 , 2015 by $ 2.7 million related to our tax treatment of an intercompany gain . we determined that the error is not material to the prior year financial statements . we also concluded that recording an out-of-period correction would not be material and corrected this error by recording an out-of-period $ 2.7 million tax benefit in our interim financial statements for the period ended may 31 , 2016. net income ( loss ) fiscal year ended ( in thousands ) november 30 , 2017 november 30 , 2016 percentage change net income ( loss ) $ 37,417 $ ( 55,726 ) 167 % as a percentage of total revenue 9 % ( 14 ) % 28 fiscal 2016 compared to fiscal 2015 revenue fiscal year ended percentage change ( in thousands ) november 30 , 2016 november 30 , 2015 as reported constant currency revenue $ 405,341 $ 377,554 7 % 9 % total revenue increased $ 27.8 million , or 7 % , in fiscal year 2016 as compared to fiscal year 2015. revenue would have increased by 9 % if exchange rates had been constant in fiscal year 2016 as compared to exchange rates in fiscal year 2015. the increase in revenue is primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015. as a result of acquisition accounting , the acquired deferred revenue balance was significantly reduced to reflect its fair value as of the acquisition date . therefore , the reduction of the acquisition date deferred revenue had a negative impact on revenue in fiscal year 2015. however , in fiscal year 2016 we recognized revenue related to the full value of telerik deferred revenue that was generated during fiscal years 2015 and 2016. the increase in revenue in fiscal year 2016 was also the result of an increase in license and maintenance and services revenue as further described below . changes in prices from fiscal year 2015 to 2016 did not have a significant impact on our revenue . license revenue replace_table_token_12_th software license revenue increased $ 4.6 million , or 4 % , in fiscal year 2016 as compared to fiscal year 2015. software license revenue would have increased by 5 % if exchange rates had been constant in fiscal year 2016 as compared to exchange rates in effect in fiscal year 2015. the increase in license revenue is primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . the increase in license revenue was also due to an increase in data connectivity and integration license sales , partially offset by decreases in sales to openedge customers and in corticon license sales . maintenance and services revenue replace_table_token_13_th maintenance and services revenue increased $ 23.2 million in fiscal year 2016 as compared to fiscal year 2015. both maintenance revenue and professional services revenue increased 9 % compared to the prior year . the increase in maintenance revenue is primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . the increase in services revenue in fiscal year 2016 was also due to higher software-as-a-service ( saas ) revenue generated by our application development and deployment segment compared to the prior year . 29 revenue by region replace_table_token_14_th total revenue generated in north america increased $ 21.6 million , and total revenue generated outside north america increased $ 6.2 million , in fiscal year 2016 as compared to fiscal year 2015. the increases in north america and emea were primarily due to the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . the increase in latin america is primarily due to a multi-million dollar openedge direct license transaction that was completed in the fourth quarter of fiscal 2016. the decrease in asia pacific is due to several large openedge license transactions that occurred in the third fiscal quarter of 2015. total revenue generated in markets outside north america represented 43 % of total revenue in fiscal year 2016 compared to 45 % of total revenue in fiscal year 2015. total revenue generated in markets outside north america would have represented 44 % of total revenue if exchange rates had been constant in fiscal year 2016 as compared to the exchange rates in effect in fiscal year 2015. revenue by segment replace_table_token_15_th revenue in the openedge segment decreased $ 19.7 million , or 7 % , in fiscal year 2016 as compared to fiscal year 2015 , primarily due to lower license sales to both our isv partners and direct enterprise users and a large multi-year distribution agreement in 2015. revenue in the openedge segment would have decreased by 5 % if exchange rates had been constant in fiscal year 2016 as compared to exchange rates in fiscal year 2015. data connectivity and integration revenue increased $ 10.1 million , or 27 % , in fiscal year 2016 as compared to fiscal year 2015 , primarily in north america , due to higher license revenue resulting from renewals and expansions of distribution agreements with large oem customers . application development and deployment revenue increased $ 37.4 million , or 86 % , year over year as a result of the impact of the telerik acquisition during the first quarter of fiscal year 2015 as described above . 30 cost of software licenses replace_table_token_16_th cost of software licenses consists primarily of costs of royalties , electronic software distribution costs , duplication and packaging . cost of software licenses decreased $ 0.5 million , or 9 % , in fiscal year 2016 as compared to fiscal year 2015 ,

