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EResearchTechnology, Inc. Q2 2010 Earnings Call Transcript

In addition, anticipated strategic benefits from the acquisition as well as our ability to successfully integrate the operations of RS in ERT may impact future results. Information about these risks and factors that could cause actual results to vary as disclosed in the press release announcing our results and the RS acquisition and in the Risk Factors section of the 2010 Form 10-Q report and our 2009 Form 10-K report.

Guidance is based on management’s good faith expectations given current market conditions, but any further deterioration of general economic conditions in addition to other factors cited elsewhere, could result in the company not achieving the revenue and diluted net income per share figures provided in our guidance.

Our forward-looking statements speak only as of the date made. We do not undertake and expressly disclaim any obligation to update forward-looking statements to reflect events or circumstances after the dates of these statements, except as required by law. You are cautioned not to place undue reliance on our forward-looking statements.

In addition to GAAP financial measures, we used certain non-GAAP financial measures that exclude charges related to amortization of the acquired intangible assets and the acquisition and other costs related to the recent acquisition of RS and related income tax effects. ERT believes that these non-GAAP measures are useful to investors because of the supplemental information facilitates comparisons of its operations from period-to-period and to the performance of other companies within its industry and also assisting gaining a better understanding of its operating results and future prospects. The discussion of the use of non-GAAP measures is contained in the press release that we issued this afternoon.

I will first give highlights for the second quarter and details on new bookings and our operations. Keith will then discuss the detailed financials for the quarter. I will then discuss some strategic directions for ERT as a result of the acquisition of RS. We will then open up the call to questions.

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