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May 01, 2012 8:30 am ET
Frank J. Golden - Senior Vice President of Investor Relations
James C. Smith - Chief Executive Officer, President and Director
Stephane Bello - Chief Financial Officer and Executive Vice President
Suzanne E. Stein - Morgan Stanley, Research Division
Drew McReynolds - RBC Capital Markets, LLC, Research Division
Vince Valentini - TD Securities Equity Research
Tim Casey - BMO Capital Markets Canada
William G. Bird - Lazard Capital Markets LLC, Research Division
Phillip Huang - UBS Investment Bank, Research Division
Adam Shine - National Bank Financial, Inc., Research Division
Paul D. Sullivan - Barclays Capital, Research Division
Douglas M. Arthur - Evercore Partners Inc., Research Division
Matthew Walker - Nomura Securities Co. Ltd., Research Division
Sami Kassab - Exane BNP Paribas, Research Division
Ladies and gentlemen, thank you for standing by. Welcome to the Thomson Reuters First Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, Frank Golden, Senior Vice President of Investor Relations. Please go ahead, sir.
Frank J. Golden
Good morning, and thank you for joining us as we report first quarter 2012 results. We'll begin today with our CEO, Jim Smith; followed by Stephane Bello, our CFO. Following Jim and Stephane's presentations, we will open the call for questions. Please limit yourselves to one question each so we can get to as many as possible.
Throughout today's presentation, keep in mind that when we compare performance period-on-period, we look at revenue growth rates before currency as we believe this provides the best basis to measure the underlying performance of the business. In addition, today's results are presented on an ongoing basis and exclude disposals announced to-date, including our Healthcare business.