CoStar Group, Inc. Q1 2010 Earnings Call Transcript

CoStar Group, Inc. (CSGP)

Q1 2010 Earnings Call

April 22, 2010 11:00 am ET

Executives

Tim Trainor - Communication Director

Andrew Florance - Founder, Director, President and CEO

Brian Radecki - CFO

Analysts

Timo Connor - William Blair

Jonathan Maietta - Needham & Co.

Ian Corydon - B. Riley & Co.

Jim Wilson - JMP Securities

Vance Edelson - Morgan Stanley Research

Brett Huff - Stephens Inc.

Presentation

Operator

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Ladies and gentlemen thank you for standing by and welcome to the CoStar Group's First Quarter 2010 Conference Call. On the call today are CoStar Group’s CEO, Andrew Florance; CFO, Brian Radecki and Communications Director, Tim Trainor. During today’s conference all participants will be in a listen-only mode, later there will be a question-and-answer session; instructions will be given at that time (Operator Instructions). And as a reminder, today’s conference is being recorded.

I would now like to turn the conference over to CoStar's Group Communication Director, Mr. Tim Trainor, please go ahead.

Tim Trainor

Thank you, operator and good morning everyone. Welcome to CoStar Group’s first quarter 2010 conference call. Before I turn the call over to our CEO, Andrew Florance let me state that certain portions of this discussion contains forward-looking statements which involve many risks and uncertainties that can cause actual results to differ materially from such statements.

Important factors that can cause actual results to differ include but are not limited to, those stated in CoStar Group's first quarter press release and in CoStar's filings with the SEC, including its Form 10-K for the year ended December 31, 2009 under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call and CoStar assumes no obligation to update these statements.