Non-GAAP operating expenses were $11 million for Q2 compared with $11.3 million last quarter. We have been controlling our discretionary spending to reflect current business levels and for the current quarter of Q3, our OpEx will decline a few hundred thousand dollars or so due to reducing our worldwide headcount by 5% to 7%. Going forward, our non-GAAP operating expenses should remain within this range aside from fluctuations for variable selling cost.The non-GAAP effective tax rate was 9% for Q2 compared with 36% last quarter. The Q2 tax rate was unusually low due to the GAAP net loss for the quarter which resulted in some year-to-date true-ups. The tax rate was also affected by the mixture of income between foreign and domestic locations.
Pericom Semiconductor's CEO Discusses F2Q2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts