New Oriental Education & Technology Group Inc. (
Q4 2012 Earnings Call
July 17, 2012 8:00 AM ET
Sisi Zhao - Senior Investor Relations Manager
Louis Hsieh - President &CFO
Philip Wan - Morgan Stanley
Chenyi Lu - Cowen & Company
Jeffrey Meuler - Robert W. Baird & Co
Steve Zhang - Macquarie Funds Group
Mark Marostica - Piper Jaffray
Ella Ji - Oppenheimer & Co., Inc
Trace Urdan - Wells Fargo Securities
Eric Wen - Mirae Asset Securities
Anita Chen - Jefferies & Co
Brandon Dobell - William Blair & Company
Chao Wang - Merrill Lynch
Fei Fang - Goldman Sachs
Kevin Tan - Joho Capital
Jin Yoon - Nomura Securities
Good evening and thank you for standing by for New Oriental’s Fourth Quarter and Fiscal Year 2012 Earnings Conference Call. At this time, all participants are in 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’d now like to turn the meeting over to your host for today’s conference, Ms. Sisi Zhao.
Hello everyone, and welcome to New Oriental’s fourth quarter and 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.