Net income was $4.4 million for the quarter ended September 30, 2012, leading to EPS of $0.05, compared to a net loss per share of ($0.12) in the same period last fiscal year.Non-GAAP income from operations, which adds back stock-based compensation expense, restructuring charges and amortization of intangibles associated with acquisitions, was $13.4 million for the first quarter of fiscal 2013, compared to a non-GAAP loss from operations of $12.0 million in the same period last fiscal year. Non-GAAP net income was $7.3 million, or $0.08 per share, for the first quarter of fiscal 2013, compared to a non-GAAP net loss of $9.2 million, or ($0.09) per share, in the same period last fiscal year. A reconciliation of GAAP to non-GAAP results is included in the financial tables included in this press release. AspenTech had a cash balance of $163.4 million at September 30, 2012, a decrease of $1.9 million from the end of the prior quarter after using $17.2 million in cash to repurchase shares of common stock and reducing secured borrowings by $5.4 million. During the first quarter, the company generated $18.5 million in cash flow from operations and $18.9 million in free cash flow after taking into consideration $1.8 million in capital expenditures and capitalized software, which was more than offset by $2.2 million of insurance proceeds related to prior period damage suffered at the company’s Houston facility. Board of Directors Approves $100 Million Share Repurchase Program As mentioned above, AspenTech's Board of Directors approved a share repurchase program for up to $100 million. The timing and amount of any shares repurchased will be determined by AspenTech based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when AspenTech might otherwise be precluded from doing so under applicable insider trading laws and regulations. The repurchase program may be suspended or discontinued at any time.