Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Brian Alexander - Raymond James.
Brian Peterson - Raymond James & Associates
This is Brian Peterson for Brian Alexander. Guys, just to start on demand, I know last call you said on the March quarter you saw some increased activity. Did that actually flow through or is some of that still out there? I am just trying to get some greater color on the stabilization that we are seeing.
Frank Khulusi
The increased activity flowed through and it resulted in sequential increase and performance both on a sales per day basis, sales per ship data as well as sales per month basis throughout the quarter.
Brian Peterson - Raymond James & Associates
How is that trending in April thus far?
Frank Khulusi
At this point, we have seen stability. We do not see any further improvement but we do not see any further deterioration.
Brian Peterson - Raymond James & Associates
Okay. If I look at the MME margins and I know the services mix is driving a lot of your expansion there. Where do you see that ultimately settling as far as a service mix as a percentage of MME revenues?
Frank Khulusi
Well, Brian, it is very hard to answer that question because we do not manage the business to a particular mix and whereas we are happy about the increase in margin or unhappy that part of that increase comes from a reduction in product revenue sales which are lower margin than services.
So, I will be the happiest guy if our margin actually decreases because hopefully that will mean that our product revenue is rebounding in the MME business.
Brian Peterson - Raymond James & Associates
Right. Okay, I know you guys mentioned the $1.7 million you expect from the savings. Can you guys maybe break out any timing of those savings or no?
Frank Khulusi
Yes, we can and we expect that roughly half of those savings will come in the second quarter and the remaining half will come slight over the third and the fourth quarter of this year.
Brian Peterson - Raymond James & Associates
Okay, great. Just lastly, how are you guys looking at capital deployment? I know you guys bought back some shares this quarter. Is that going to continue to be a priority maybe M&A or are looking to store cash? Thanks.
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