IHS Inc. (
F1Q12 Earnings Call
March 22, 2012 8:00 a.m. ET
Andy Schultz - VP IR
Jerre Stead - CEO
Scott Key - President and COO
Richard Walker - EVP and CFO
Eric Boyer - Wells Fargo
Brian Karimzad - Goldman Sachs
Suzi Stein - Morgan Stanley
Peter Appert - Piper Jaffray
Michael Meltz - JPMorgan
Gary Krishnan - Credit Suisse
Bill Warmington - Raymond James
Daniel Leben - Robert W. Baird
Robert Riggs - William Blair
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 IHS Inc. Earnings Conference Call. My name is Kim and I'll be your coordinator for today. (Operator Instructions) As a reminder, this call is being recorded.
I will now turn the call over to your host for today's conference, Mr. Andy Schultz, Vice President Investor Relations. Please proceed, sir.
Thank you, Kim. Good morning and thank you for joining us for the IHS first quarter 2012 earnings conference call. We issued two news releases and a supplemental presentation earlier this morning. If you do not have the releases and presentation we issued today, you will find copies of them on our website at ihs.com.
Some of our comments and discussions on the quarter are based on non-GAAP measures. Our non-GAAP or adjusted numbers exclude stock-based compensation and other non-cash charges and other items. Our earnings release includes both our GAAP-based income statement and statement of cash flows and reconciliations to the non-GAAP measures discussed during this call. These reconciliation schedules can also be found on our website. The non-GAAP results are a supplement to the GAAP financial statements. IHS believes this non-GAAP presentation and the elimination of these items is useful in order to focus on what we deem to be a more reliable indicator of ongoing operating performance.
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