Callidus Software Inc. (CALD) Q2 2010 Earnings Call July 29, 2010; 04:30 pm ET Executives Leslie Stretch - President & Chief Executive Officer Ron Fior - Senior Vice President & Chief Financial Officer Lorna Heynike - Senior Vice President - Marketing AnalystsMichael Nemeroff - Wedbush Ian Kell - Northland Capital Market Kevin Liu - B. Riley & Co. John Zaro - Bourgeon Capital Greg Speicher - Moss Creek Ted Ketterer - TK Associates Gene Weber - Weber Capital Management PresentationOperator
Good day ladies and gentlemen and welcome to the second quarter 2010 Callidus Software Incorporated earnings conference call. My name is Dominic and I’ll be your operator for today. At this time all participants are in listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions). I would now like to turn the conference over to your host for today, Ms. Lorna Heynike, Senior Vice President at Callidus Software; please Proceed. Lorna Heynike Thank you and welcome to Callidus Software’s second quarter 2010 conference call. With me on the call today is Leslie Stretch, President and Chief Executive Officer, and Ron Fior, Senior Vice President and Chief Financial Officer of Callidus software. Shortly after the market closed today, Callidus issued financial results for the second quarter of 2010. The press release was posted on the wire and is available on our website at www.callidussoftware.com. We would like to remind you that during the course of this conference call we will make forward-looking statements, including predictions and estimates. These statements involve a number of risks and uncertainties, including statements regarding our business strategy, our on-demand bookings and business, estimates of third quarter 2010 total revenue, recurring revenue, services revenue, perpetual license revenues, operating expenses, margins and profits, stock based compensation and restructuring charges, as well as sales and marketing expectations and strategies, product development and strategic partnerships and operating results in the second half of 2010.