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Xyratex Management Discusses Q2 2012 Results - Earnings Call Transcript

Xyratex (XRTX)

Q2 2012 Earnings Call

July 05, 2012 4:30 pm ET


Brad Driver

Richard Pearce - Chief Financial Officer and Director

Steve Barber - Chief Executive Officer and Director


Aaron C. Rakers - Stifel, Nicolaus & Co., Inc., Research Division

Glenn Hanus - Needham & Company, LLC, Research Division

David Ryzhik

Jung Pak



Good day, ladies and gentlemen, and welcome to the Second Quarter 2012 Xyratex Earnings Conference Call. My name is Kim, and I will be your coordinator for today. [Operator Instructions] As a reminder, this call is being recorded. I will now turn the call over to your host for today's conference, Mr. Brad Driver, Vice President of Investor Relations. Please proceed, Mr. Driver.

Brad Driver

Thank you, Kim, 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 Second 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 home page at

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. Also, please note that in addition to reported financial results in accordance with Generally Accepted Accounting Principles or GAAP, Xyratex routinely reports certain non-GAAP financial results. These non-GAAP measures, together with the corresponding GAAP numbers in reconciliation to GAAP, are contained in our earnings press release. We encourage listeners to review these items.

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