Our goal of sustained profitability remains critically important to us, and our recent cost reduction initiatives position us to benefit as the markets recover. Our increasingly cost-focused culture led to a sequential non-GAAP operating expense reduction of 7% this quarter. As we continue to carefully manage expenses and increase operational efficiencies, we will also continue to pursue key areas of product innovation and go-to-market programs. This includes beginning to fund our joint venture with Holley in China. This is crucial to our China go-to-market strategy and to our long-term cost competitiveness. Nevertheless, we do understand the importance of being intelligent on expense controls, especially given the challenging outlook, which I will discuss later in my remarks.Turning back to our results, one of the highlights this quarter was our successful Partner Conference in Budapest, Hungary, where we doubled our attendance from last year and welcome Alstrom and LG CNS as new sponsors. One of the consistent pieces of the feedback at the conference was how our partners see strong benefits from running multiple applications on a single platform, giving them the ability to offer a broader portfolio of solutions to their customers.
Echelon's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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