Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Rob Breza – RBC Capital Markets.
Rob Breza – RBC Capital Markets
Tom, can you talk a little bit about deal sizes? Obviously, you had a good quarter in getting new customers in what is normally seasonally a tougher quarter. Obviously, great to see that up quarter-over-quarter. Can you talk about deal sizes and what you’re seeing in terms of them taking on multiple new products and how that trend is working with the new customers specifically?
Thomas Reilly
This quarter, we’re actually not depending on any large deals and we didn’t have any greater than 10% deals in the quarter unlike the prior two quarters previously mentioned. So, putting that aside, we’re actually seeing our ASPs hold quite well. We do expect our ASPs to eventually start declining as we go in to the mid market and the mid market selects our appliance base offerings like Logger. A good example would be some of these higher ed organizations. Yet, for Q1 we saw our ASPs holding, our products are competing very, very well and we’re pretty pleased with that performance.
Rob Breza – RBC Capital Markets
Maybe two housekeeping items for Stewart, can you talk Stewart about taxes and what we should expect kind of how that should trend through the year? And, G&A was a little bit higher than what I had forecasted it and maybe I didn’t take in to account the user event, just a little explanation there would be helpful as well.
Stewart Griersoni
Sure, if you recall on the last call we indicated we expected our effective tax rate to be 34% for the year. For the quarter it came in slightly below that at 30% and so that maybe a revised estimate to use going forward. As it relates to G&A, a couple of factors there not related to the user conference but obviously Q1 is the period where you are doing the audit work for your year end 10K so you’re incurring more costs there. But, also going forward, we’re doing a significant amount of work around SOX this year so perhaps that’s part of the reason the G&A is higher than you would have expected but we have to obviously be SOX compliant by the end of our next fiscal year.
Operator
Your next question comes from Phil Rueppel – Wachovia Securities.
Phil Rueppel – Wachovia Securities
- To read the full transcript on Seeking Alpha, click here »
