Callidus Software Inc. ( CALD) Q3 2010 Earnings Call October 28, 2010 4:30 pm ET Executives Lorna Heynike - SVP, Marketing Leslie Stretch - President & CEO Ron Fior - SVP & CFO Analysts Ian Kell - Northland Capital Market Kevin Liu - B. Riley and Company Ted Ketterer - TK Associates Gregg Speicher - 451 Group Gene Weber - Weber Capital Management Mike Anderson - Wedbush Morgan Securities PresentationOperator
Good day ladies and gentleman and welcome to the Callidus 2010 Third Quarter Results Conference Call. My name is Jeremy and I will be your operator for today. At this time all participants are in a 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, SVP of Marketing. Please proceed. Lorna Heynike Thank you and welcome again to Callidus Software’s third quarter 2010 conference call. With me on the call today is Leslie Stretch, President and CEO, and Ron Fior, Senior Vice President and CFO of Callidus Software. Shortly after the markets closed today, Callidus issued financial results for the third quarter of 2010. The press release is posted on the wire and is available on our website at 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 regarding our market opportunity and business strategy, our on-demand bookings and business, estimates of fourth quarter 2010 total revenues, recurring revenues, services revenues, 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 partnership and operating results in the fourth quarter of 2010.