Question-and-Answer Session
Operator
Thank you. (Operator instructions) We'll go first to Michael Coady with B. Riley.
Mike Bradford – B. Riley & Company
Hello?
Sundi Sundaresh
Hi, Michael.
Mike Bradford – B. Riley & Company
Hello, this is actually Mike Bradford [ph] calling in for Michael.
Sundi Sundaresh
Okay.
Mike Bradford – B. Riley & Company
Had a question about your working capital. Was just curious, what changes do you expect as a result of the sale of the Snap business going forward?
Mary Dotz
I think if you look in terms of the working capital needs of the company, certainly as Sundi mentioned, the Snap business had been a drag on our fundamentals and since we weren't able to really invest further in terms of sales and marketing, it was prudent at that time for the company to go ahead and sell the business. As you know, we don't give guidance out past a quarter, but again, we expect that, that sale of that business to help stabilize our working capital and I think as I mentioned, I think on a cash flow from operations basis, we should probably be slightly positive next quarter.
Mike Bradford – B. Riley & Company
Okay. And can you give any more color into your cash position the end of next quarter?
Mary Dotz
Again, I think since our operating cash flow is going to remain either flat to slightly positive, and as you did see, we repurchased some of our bond, so that will have an effect by it. It's going to go down, based on that. But other than that, other than bond repurchases, again, our cash should stay relatively stable.
Mike Bradford – B. Riley & Company
Okay. And can you comment on the sequential decline from the – in revenues from the Snap business and declines with IBM?
Mary Dotz
So, again, as the company has been reporting for the last few quarters, as the IBM business – the platform that they're on transitions, we're going to see a continued decline.
Mike Bradford – B. Riley & Company
Okay. And then as far as the Snap business?
Sundi Sundaresh
Well, that's been divested, so there's no future Snap revenues.
Mike Bradford – B. Riley & Company
Yes.
Sundi Sundaresh
In our reported numbers for this quarter, there were no Snap revenues. It was recorded in discontinued operation.
Mary Dotz
So the guidance that I'm giving you now and all the comparatives that we've given you are excluding Snap.
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