IHS Inc. ( IHS) F1Q12 Earnings Call March 22, 2012 8:00 a.m. ET Executives Andy Schultz - VP IR Jerre Stead - CEO Scott Key - President and COO Richard Walker - EVP and CFO Analysts Eric Boyer - Wells Fargo Brian Karimzad - Goldman Sachs Suzi Stein - Morgan Stanley Peter Appert - Piper Jaffray Michael Meltz - JPMorgan Gary Krishnan - Credit Suisse Bill Warmington - Raymond James Daniel Leben - Robert W. Baird Robert Riggs - William Blair Presentation Operator
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 IHS Inc. Earnings Conference Call. My name is Kim and I'll be your coordinator for today. (Operator Instructions) As a reminder, this call is being recorded. I will now turn the call over to your host for today's conference, Mr. Andy Schultz, Vice President Investor Relations. Please proceed, sir. Andy Schultz Thank you, Kim. Good morning and thank you for joining us for the IHS first quarter 2012 earnings conference call. We issued two news releases and a supplemental presentation earlier this morning. If you do not have the releases and presentation we issued today, you will find copies of them on our website at ihs.com. Some of our comments and discussions on the quarter are based on non-GAAP measures. Our non-GAAP or adjusted numbers exclude stock-based compensation and other non-cash charges and other items. Our earnings release includes both our GAAP-based income statement and statement of cash flows and reconciliations to the non-GAAP measures discussed during this call. These reconciliation schedules can also be found on our website. The non-GAAP results are a supplement to the GAAP financial statements. IHS believes this non-GAAP presentation and the elimination of these items is useful in order to focus on what we deem to be a more reliable indicator of ongoing operating performance.