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CoStar Group, Inc. Q2 2010 Earnings Call Transcript

CoStar Group, Inc. (CSGP)

Q2 2010 Earnings Call

July 22, 2010 11:00 am ET

Executives

Tim Trainor - Communications Director

Andrew Florance - President and CEO

Brian Radecki - CFO

Analysts

Chris Mammone - Deutsche Bank

Brett Huff - Stephens Inc.

Jon Maietta - Needham & Company

Brandon Dobell - William Blair

Ian Corydon - B. Riley & Company

Jim Wilson - JMP Securities

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the CoStar Group's second quarter 2010 conference call. At this time all participants are in a listen-only mode, and we will conduct a question-and-answer session, instructions will be given at that time. (Operator Instructions) As a reminder, this conference is been recorded.

I would now like to turn the conference over to your first speaker, Mr. Tim Trainor. Please go ahead.

Tim Trainor

Thank you, operator, and good morning everyone. Welcome to CoStar Group's second quarter 2010 conference call. Before I turn the call over to CoStar's CEO, Andrew Florance, let me state that certain portions of this discussion contain 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's second quarter of 2010 press release issued yesterday and in CoStar's filings with the SEC, including CoStar's Form 10-K for the period ended December 31st, 2009 and CoStar's Form 10-Q for the quarter ended March 31st, 2010 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 obligation to update these statements. You can find a webcast of this conference call on our website at www.costar.com/corporate/investor. Thank you for joining us. I will now turn the call over to Andy Florence.

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