Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from John DiFucci – JP Morgan.
John DiFucci – JP Morgan
I don't want to pick on anything because the results look really good here, but I do want to better understand a couple of things, especially due to the out-performance, and those two things are the cash flow, which we always focus on here. And it was within your guidance, but given the out-performance on the income statement, I just wanted to know if you could address that. Because you have actually been putting out good cash flow numbers, too. I realize there is a lot going on this quarter.
And also, on the deferred revenue side, it did actually decline on the balance sheet but I assume much of the increase—I mean, it went up on the balance sheet sequentially but I assume that's because of the Data Synapse acquisition, and it does look like a decline on the cash flow statement.
I was wondering if you can comment on both of those things, the second one especially, given that it's sort of an indication of the future.
Sydney Carey
Sure. Yes, cash flow did come in within the guidance range at $13.7 million. There was nothing unusual in the period, other than just kind of normal course of business. We did see an increase in our deferred tax asset, which negatively impacted the cash flow, and then just the timing of AP payments and our accruals—a decrease in some of our accruals. So really nothing unusual there.
We did have a good cash flow in Q2 and did beat guidance there. And so again, I think if you look at the two quarters, we're trending in the right direction.
As far as deferred, we did get a benefit of about $6.5 million in our deferred from the Data Synapse acquisition. However, even excluding Data Synapse, total deferred on a year-over-year basis is up from $140.0 million to $150.0 million, so we're still seeing a positive trend there. We also—our historical pattern has been deferred decreases in the Q2/Q3 time frame and then we see it build back up typically in Q4 and Q1.
John DiFucci – JP Morgan
On those accruals, will we see an impact in the next quarter also?
Sydney Carey
Not anticipated anything out of the ordinary, no.
John DiFucci – JP Morgan
It sounds like the environment is improving for you and I guess that's the question. Does it look like it's broadly improving for everyone a bit? You had large deals, 17 of them this quarter versus 14 a year ago. Some out-performance here looks pretty good, but as you pointed out, Vivek, some of your larger competitors didn't fare so well. And we're just trying to get a feel out there, or get a sense, as to it seems that people—you know, we'd all like to see the environment improve but don't really want to jump the gun here.
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