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Asure Software's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: ASUR

This call is also being recorded on behalf of Asure Software and is copyrighted material. It cannot be re-recorded or re-broadcast without the company’s expressed permission and your participation implies consent to the calls recording.

After we’ve completed our review of the quarter, we will open up the call for questions from the financial analysts community.

I would now like to turn the call over to Pat Goepel, CEO of Asure Software. Pat.

Pat Goepel

Thanks Cheryl and I would like to welcome all investors, clients, employees, interested third patients to the Asure Software second quarter conference call. We in short were very, very pleased with the second quarter.

Highlights of our activities in the second quarter, first of all, we had total new orders of cloud booking that were up 10% year-over-year and we are definitely making traction in bookings.

Evidence of that, in net simplicity we had new orders from AT&T Labs, University of Chicago, the U.S. Department of Treasury and the University of Tennessee.

In the AsureForce, which is our time and labor management, we are very pleased with large sales of Visionees (ph) and Parker Hannifin. We also were thrilled with the new partnership that we announced in a press release of MPAY.

MPAY is perhaps the fourth largest payroll provider in the United States and they are embedding time and labor management in their small end solution or small business solutions and they are also partnering with us in the mid market and Jeff Duke over MPAY who is the President is somebody that I’ve been discussing this partnership for quite some time and we are just thrilled with the partnership of MPAY and we think that’s going to lead to results for years to come.

From a revenue side, we came in at $4.2 million and our guidance was $4.1 million to $4.2 million, so we are very pleased with the revenue. EBITDA ex-one time items of $838 million and EPS ex-one time items of $0.03 and the EBITDA naturally is $838,000, not million.

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