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New Oriental Education And Technology Management Discusses F3Q12 Results - Earnings Call Transcript

New Oriental Education and Technology Group Inc. ( EDU)

F3Q12 Earnings Conference Call

April 17, 2012 8:00 AM EST


Cynthia He – Investor Contact, Brunswick Group LLC

Louis Hsieh – President and CFO


Catherine Leung – Goldman Sachs

Chenyi Lu – Cowen & Company

Mark Marostica – Piper Jaffray

Philip Wan – Morgan Stanley

Ella Ji – Oppenheimer

Brandon Dobell – William Blair

Eric Wen – Mirae Asset

Anita Chen – Jefferies

Chao Wang – Merrill Lynch

Jeff Mueller – Baird

Paul Ginocchio – Deutsche Bank

Charles Cartledge – Sloane Robinson

Ruby Zhang – Nomura Securities

Vina Satiadhi – Moon Capital



Good evening and thank you for standing by for the New Oriental’s third fiscal quarter 2012 earnings conference call.

At this time, all participants are in a listen-only mode. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

I would now like to turn the meeting over to your host for today’s conference, Ms. Cynthia He.

Cynthia He

Hello, everyone, and welcome to New Oriental’s third quarter of fiscal year 2012 earnings conference call. Our financial results for the period were released earlier today and are available on the company’s website as well as on Newswire services.

Today, you will hear from Louis Hsieh, New Oriental’s President and Chief Financial Officer. After his prepared remarks, Louis will be available to answer your questions.

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