Synopsys (SNPS) Q1 2012 Earnings Call February 22, 2012 5:00 pm ET Executives Lisa Ewbank - Aart J. de Geus - Co-Founder, Chairman and Chief Executive Officer Brian M. Beattie - Chief Financial Officer Analysts Richard Valera - Needham & Company, LLC, Research Division Sterling P. Auty - JP Morgan Chase & Co, Research Division Thomas Yeh - BofA Merrill Lynch, Research Division Thomas Diffely - D.A. Davidson & Co., Research Division Raj Seth - Cowen and Company, LLC, Research Division Mahesh Sanganeria - RBC Capital Markets, LLC, Research Division Jay Vleeschhouwer - Griffin Securities, Inc., Research Division PresentationOperator
Ladies and gentlemen, thank you for standing by. Welcome to the Synopsys Earning Conference Call for the First Quarter Fiscal Year 2012. [Operator Instructions] Today's call will last one hour. 5 minutes prior to the end of the call, we will announce the amount of time remaining in the conference. As a reminder, today's call is being recorded. I would now like to turn the conference over to Lisa Ewbank, Vice President of Investor Relations. Please go ahead. Lisa Ewbank Thank you, Tricia. Good afternoon, everyone. With us on the call today are Aart de Geus, Chairman and CEO of Synopsys; and Brian Beattie, Chief Financial Officer. Today's conference call will include commentary regarding our Q1 results and also the closing of the acquisition of Magma Design Automation, which we announced this morning. Before we begin, I'd like to remind everyone that during the course of this conference call, Synopsys will discuss forecasts and targets and will make other forward-looking statements regarding the company and its financial results, and about the potential benefits of the combination. While these statements represent our best current judgment about future results and performance as of today, our actual results and performance are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect.