Days sales outstanding (DSOs) for the second quarter were 67. This compares with DSOs of 65 in the first quarter of 2002 and 70 days for the second quarter of 2001. The slight increase is attributable to more enterprise-level deals closing late in the quarter, plus a larger percentage of European accounts receivable, which generally follow a longer payment cycle. Compared with a year ago, deferred revenue increased $5.2 million, or 24%, from $21.5 million. On a sequential basis, deferred revenues rose by $1.5 million, or 6%, to $26.8 million.
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