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TheStreet Open House

Perion Network's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: PERI

Perion Network Ltd. ( PERI)

Q4 2011 Earnings Conference Call

March 06, 2012, 10:00 a.m. ET

Executi ve s

Rob Fink - IR, KCSA Strategic Communications

Josef Mandelbaum - CEO

Yacov Kaufman - CFO

Analysts

Jared Schramm - Roth Capital Partners

Jay Kumar - Midsouth Investment Fund

Presentation

[Will be posted shortly]

Question-and-Answer Session

Operator

Thank you. (Operator Instructions) The first question is from Jared Schramm of Roth Capital Partners. Please go ahead.

Jared Schramm - Roth Capital Partners

Hi, you talked about the tablet in the mobile space. It seems like you got some pretty traction there with 400,000 users already. Could you just talk a little more in depth of the role of that tablet and mobile space at Perion as the percentage of the business and the focus going forward?

Josef Mandelbaum

I think the best way is separating the two things. One is focus in terms of resources and one is focus in terms of percentage of I guess revenue that it brings. I will start with the latter one, the latter one zero percentage of revenues at this point in time. These as I think everyone here knows with the exception of something like angry birds. I don’t think there is many people making a lot of money at it today, but having been in the industry for 20 years I know enough to know that the iPhone, Android maybe Windows 8 platform is for the tablets and the phones are going to be a major presence in the future and a major economic driver for lot of companies.

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