Going further down the statement here, our tax expense remained low at about $500,000 for the quarter, and we continue to manage our FX-related other expense in line as well, which was only about $450,000 for the quarter, and that's really despite a 20% swing from peak to trough, among major currencies during the quarter. It's been a long time since we've had that amount of volatility, and I'm pleased that we were able to keep our exposure to such a small amount in that environment.And finally, we ended the quarter with about $25 million in cash. And Q1 revenue came in as planned. We had some short term headwinds on gross margin, due to work mix, and we continue to manage our G&A, tax, and currency costs, despite volatility. And our balance sheet remains strong.
Lionbridge Technologies CEO Discusses Q1 2011 Results - Earnings Call Transcript
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