Question-and-Answer Session
Operator
Thank you, sir. (Operator Instructions). We'll take our first question today from Randy Hugen with Piper Jaffray.
Randy Hugen - Piper Jaffray
Thanks. You guys are doing a nice job on the SG&A line. I guess a new dollar level going forward or could spend there continue to decline?
Christopher Wolf
Randy, could you repeat the question, I'm sorry.
Randy Hugen - Piper Jaffray
The SG&A line, is that going to level off or I guess is there potential for continued cost cutting going forward?
Christopher Wolf
Yes. I'd say we're still always trying to take costs out of the business. I mean, we're constantly looking for efficiencies but with that in mind, I think this run-rate that we had for Q1 is pretty much run-rate that we're predicting going forward.
Randy Hugen - Piper Jaffray
Okay, thanks. Do you see risk to your 2009 guidance if the European economies I guess slowdown like we've seen in the U.S., was that a scenario that was already contemplated when you put together your guidance or could that I guess provide some incremental downside to what you have out there?
Christopher Wolf
Randy, we're reconfirming where we are, and that really is in consideration of all of the potential risk that we have out there. Now, you can never predict the future, but where we see the businesses both in Europe and in the United States puts us in a position where we believe that the revenue stream will stay consistent with where it was in prior years.
Randy Hugen - Piper Jaffray
Thanks and one more. We're seeing some restructuring going on in a couple of the bigger industries that you guys are in like auto and retail, do you have any large clients in those areas where bankruptcy could have some sort of significant impact on the business?
Christopher Wolf
John, why don't you handle that one?
John Meyer
Well, yeah. I mean, I guess let me answer the last one in a bit more detail, and then get to the second part of the question. Going back to the sort of general economy in Europe that you were talking about, it's probably worth just spending a second talking about how we build that forecast up because there really isn't a macroeconomic views of the world. It's more on client-by-client, item-by-item, pipeline prospect by pipeline prospect, and then applying some judgment on the back end of that, so maybe that helps add a little clarity to the first part of the question.
- To read the full transcript on Seeking Alpha, click here »
