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May 1, 2012 5:00 PM ET
Elizabeth Grausam – VP, IR
Eli Gelman – CEO
Tamar Rapaport-Dagim – CFO
Jason Kupferberg – Jefferies
Ashwin Shirvaikar – Citi
Tom Roderick – Stifel Nicolaus
Shaul Eyal – Oppenheimer & Company
Shyam Patil – Raymond James & Associates
Sterling Audi – JP Morgan
Daniel Meron – RBC Capital Markets
David Kaplan – Barclays
Scott Sutherland – Wedbush Securities
Good day, everyone, and welcome to the Amdocs Second Quarter 2012 Earnings Release Conference Call. Today’s call is being recorded and webcast. At this time I would like to turn the conference over to Ms. Liz Grausam, Vice President of Investor Relations for Amdocs. Please go ahead, ma’am.
Thank you, Isa. Before we begin I would like to point out that during this call we will discuss certain financial information that is not prepared in accordance with GAAP. The company’s management uses this financial information in its internal analysis in order to exclude the effect of acquisitions and other significant items that may have a disproportionate effect in a particular period.
Accordingly, management believes that isolating the effect of said events enables management and investors to consistently analyze the critical components and results of operations of the company’s business and to have a meaningful comparison to prior periods. For more information regarding our use of non-GAAP financial measures including reconciliations of these measures, we refer you to today’s earnings release which will also be furnished with the SEC of a Form 6-K.