Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or performance to differ materially from those projected. Achievements of these results by ClickSoftware may be affected by many factors including, but not limited to, risks and uncertainties regarding the general economic outlook, the length of or changes in ClickSoftware's sales cycle, ClickSoftware's ability to close sales to potential customers in a timely manner and maintain or strengthen the relationships with strategic partners, the timing of revenue recognition, foreign currency exchange rate fluctuation, and ClickSoftware's ability to maintain or increase its sales pipeline.
The forward-looking statements discussed on this call are subject to other risks and uncertainties including those discussed in the "Risk Factor" section and elsewhere in ClickSoftware's Annual Report on Form 20-F for the year ended December 31st, 2011, and in subsequent filings with the Securities and Exchange Commission.
Except as otherwise requested by law, ClickSoftware is under no obligation to and expressly disclaims any such obligation to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.
Also, I would like to remind you that ClickSoftware reported net income and net earnings per share on a GAAP and on an adjusted non-GAAP basis. Today's press release includes a reconciliation of non-GAAP information to the most directly comparable GAAP information and is posted in the Investor section of the company's website at www.clicksoftware.com.Dr. BenBassat, would you like to begin? Moshe BenBassat Yes. Good morning everyone and thank you for joining ClickSoftware's earnings call for the second quarter of 2012. As usual, I shall start with a brief overview of the overall status of our business and trends and selective operational achievements with special focus on our progress with the ClickAppStore for enterprise mobility. Shmuel Arvatz, our Chief Financial Officer, will then provide you with a more detailed review of the financial results for the quarter. We shall conclude this call with an outlook for the remainder of 2012 followed by summary comments and will then take your questions.