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February 29, 2012, 9:00 AM ET
Shuky Sheffer - CEO
Hugo Goldman – CFO
Welcome to the Retalix conference call.
As a reminder, this conference call is being recorded today, February 29, 2012.
Leading the call is Retalix's CEO, Shuky Sheffer. Joining him is Hugo Goldman, the Company's Chief Financial Officer.
Before I turn the call over to them, I'd like to remind our listeners that management's remarks contain forward-looking statements. These statements include, but are not limited to, comments regarding the guidance and expectations about revenues, DSO, financial income, tax rate and profitability, expectations about the Company's pipeline of customers, addressable market, expected drivers of the Company's growth, anticipated demand for, and expected investments in, the Company's software products and services and new offerings, management's expectations as to the Company's future financial performance, the outlook for 2012, and future strategies, plans and opportunities.
Such forward-looking statements are subject to risks and uncertainties and, therefore, Retalix claims the protection of such statements contained in the Private Securities Litigation Reform Act of 1995 and other securities laws. Actual results may differ from those discussed today and we'd like to refer you to a more detailed discussion of all these risks and uncertainties contained in today's press release and in the Company's filings with the SEC, and in particular in its Annual Report on Form 20-F filed with the SEC on April 14, 2011.
Also I'd like to remind you that Retalix reported income from operations, net-margin, operating margin, net income and earnings per diluted share on both a GAAP basis and on an adjusted non-GAAP basis. Today's press release includes a reconciliation of non-GAAP information to the most directly comparable GAAP information and is posted in the Investor section of the Company's Web site at www.retalix.com. The press release showing the fourth quarter and full year non-GAAP reconciliations can also be found at that site.