Question-and-Answer Session
Operator
Thank you. (Operator's Instructions) And our first question will come from the line of George Hill representing Leerink Swann. Please proceed.
George Hill - Leerink Swann
Hey, Mike. How are you? Quick question for you just a couple of housekeeping items first and I jumped onto the call a few minutes late. With the EDC deal done from a financial perspective assume that that was not generating much at the operating one?
Michael McKelvey
On the operating line if you go to the rough numbers they generated as a revenue piece — give me a second. This quarter you had $1.083 million of revenues, you had 397 of direct cost of sales and then there was some costs of R&D and sales and marketing and so forth. So you had a couple of hundred thousand dollars (inaudible) operating income and then in addition you have the $530,000 gain?
George Hill - Leerink Swann
Okay. And I guess what is the divesture of the EDC business? Does the ePRO business still strategically make sense.
Michael McKelvey
Yes. We believe it makes a lot of sense. They are not really related in that sense to the EDC business. We find the interest in suicidality and some of the diary areas are gaining a lot of interest these days. So we are very focused to on growing business from a small base to where it is now to a large base in the future.
George Hill - Leerink Swann
Okay. And you said the pricing environments remained rational. Some of the up and coming competitors in this space that are working on automated solutions appear to be making some noise again, gaining market traction. I guess anything from your side with respect to pricing and demand by the industry to move towards a more automated solution?
Keith Schneck
George, we haven't see any of that. It may be out there, but certainly it hasn't been seen within our client base and we don't face that on a daily basis — the movement to automated.
George Hill - Leerink Swann
Okay. And then just last question, you guys have build up a pretty sizable war chest on the balance. Updates on uses of cash?
Michael McKelvey
As we consistently say, we have been active in the last several months in purchasing stock at values where we think it is appropriate. We still want to keep a certain of cash on our balance sheet for working capital and then from there, to the extent that we have available ash for potential M&A transactions if we find something that is attractive and synergistic that is into how we see going forward.
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