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TheStreet Open House

Xyratex's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Xyratex (XRTX)

Q1 2012 Earnings Call

March 29, 2012 4:30 pm ET

Executives

Brad Driver -

Richard Pearce - Chief Financial Officer and Director

Steve Barber - Chief Executive Officer and Director

Analysts

Glenn Hanus - Needham & Company, LLC, Research Division

Ananda Baruah - Brean Murray, Carret & Co., LLC, Research Division

Keith F. Bachman - BMO Capital Markets U.S.

Unknown Analyst

Kenneth Miller

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the First Quarter 2012 Xyratex Earnings Conference Call. My name is Derek, and I'll be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to the Vice President of Investor Relations, Mr. Brad Driver. You may proceed.

Brad Driver

Thank you, Derek and good afternoon, everyone. Thank you for taking the time to join us this afternoon. I'd like to welcome investors, research analysts and others listening today to Xyratex's Fiscal First Quarter 2012 Results Conference Call. On our call today are Steve Barber, Chief Executive Officer; and Richard Pearce, Chief Financial Officer. Today's call is being recorded and will be available for replay on Xyratex's Investor Relations homepage at www.xyratex.com.

I'd like to remind everyone that today's comments, including the question-and-answer session, will include forward-looking statements, including but not limited to, a forecast of future revenue and earnings and other financial and business activities. These statements are subject to risks and uncertainties that may cause actual results and events to differ materially. These risks and uncertainties are detailed in Xyratex's filings with the Securities and Exchange Commission, including the company's 20-F, dated February 24, 2012.

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