Thomson Reuters (TRI) Q4 2011 Earnings Call February 09, 2012 8:30 am ET Executives Frank J. Golden - Senior Vice President of Investor Relations James C. Smith - Chief Executive Officer and Director Stephane Bello - Chief Financial Officer Analysts Michael A. Meltz - JP Morgan Chase & Co, Research Division Suzanne E. Stein - Morgan Stanley, Research Division Tim Casey - BMO Capital Markets Canada Paul Steep - Scotiabank Global Banking and Market, Research Division Brian Karimzad - Goldman Sachs Group Inc., Research Division Matthew Chesler - Deutsche Bank AG, Research Division Drew McReynolds - RBC Capital Markets, LLC, Research Division Sara Gubins - BofA Merrill Lynch, Research Division William G. Bird - Lazard Capital Markets LLC, Research Division Vince Valentini - TD Securities Equity Research Claudio Aspesi - Sanford C. Bernstein & Co., LLC., Research Division PresentationOperator
Ladies and gentlemen, thank you for standing by. Welcome to the Thomson Reuters Full Year and Fourth Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, Senior Vice President of Investor Relations, Mr. Frank Golden. Please go ahead, sir. Frank J. Golden Good morning, and thank you for joining us as we report fourth quarter and full year 2011 results. We will begin today with our CEO, Jim Smith; followed by Stephane Bello, our CFO. Following Jim and Stephane's presentations, we will open the call for questions, but please limit yourselves to one question each. Throughout today's presentation, keep in mind that when we compare period -- performance period-on-period, we look at revenue growth rates before currency as we believe this provides the best basis to measure the underlying performance of the business. In addition, today's results are presented on an ongoing basis and exclude disposals announced in 2011, including our Healthcare business.