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Monster Worldwide Management Discusses Q2 2012 Results - Earnings Call Transcript

Before we begin, I'd like to remind you that except for historical information, the statements made during this conference call constitute forward-looking statements under applicable securities laws. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company’s strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions or dispositions, competition and the other risks discussed in our Form 10-K and our filings made with the Securities and Exchange Commission.

With that, I'd like to turn the call over to Sal for his comments. Sal?

Salvatore Iannuzzi

Thank you, Lori. Good morning, everyone, and thank you for joining us today for our Monster's Second Quarter Conference Call. I will provide a high-level review of the quarter, the current macroeconomic conditions and discuss our outlook for the third quarter. James will give additional financial detail in his comments.

As we all now appreciate, the global business environment continues to be weak and uncertain particularly in Europe. During the quarter, we continued to execute our strategy and are gratified that increasing acceptance of our new product portfolio resulted in strong bookings in North America and helped to buffer weakness in Europe and in Asia.

Consolidated bookings during the quarter was $242 million, flat on a current -- on a constant currency basis. In North America, bookings increased 14%. We believe that this strong performance in North America demonstrates the continuing success of our new product portfolio and focus on key verticals such as Government and Staffing. In addition, the action we took in the first quarter to increase both the quantity and quality of our traffic in the United States are continuing to pay off.

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