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April 24, 2012 5:00 pm ET
Kathleen Nemeth -
Kevin R. Johnson - Chief Executive Officer, Director, Member of Offering Committee and Member of Stock Committee
Stefan Dyckerhoff - Executive Vice President and General Manager of The Platform Systems Group
Robyn M. Denholm - Chief Financial Officer, Executive Vice President, Member of Concerns Committee and Member of Stock Committee
Jeffrey T. Kvaal - Barclays Capital, Research Division
Brent A. Bracelin - Pacific Crest Securities, Inc., Research Division
Brian Marshall - ISI Group Inc., Research Division
Simona Jankowski - Goldman Sachs Group Inc., Research Division
Ehud Gelblum - Morgan Stanley, Research Division
Rod B. Hall - JP Morgan Chase & Co, Research Division
Nikos Theodosopoulos - UBS Investment Bank, Research Division
Mark Sue - RBC Capital Markets, LLC, Research Division
Paul Silverstein - Crédit Suisse AG, Research Division
Tal Liani - BofA Merrill Lynch, Research Division
Tim Long - BMO Capital Markets U.S.
Greetings, and welcome to the Juniper Networks First Quarter 2012 Earnings Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host Kathleen Nemeth, Vice President, Investor Relations for Juniper Networks. Thank you, Ms. Nemeth, you may begin.
Thank you, operator. Good afternoon, and thank you, everyone, for joining us. Here on the call today are Kevin Johnson, Chief Executive Officer; Robyn Denholm, Chief Financial Officer; and Stefan Dyckerhoff, Executive Vice President, Platform System.
Before Kevin gets started, I would like to highlight changes to our financial reporting, which are reflected in today's earnings press release. As we have discussed previously, Juniper is aligning our business segment reporting to the company's organizational structure and focus on its platform and software strategy. We believe this change will provide investors with increased financial reporting transparency and will enable better insight into the market and performance trends driving the company's business. Juniper's 2 reportable segments are now the Platforms Systems Division, which will often be referred to as PSD, and Software Solutions Division, or SSD.