The Ultimate Software Group (ULTI) Q1 2012 Earnings Call April 24, 2012 5:00 pm ET Executives Mitchell K. Dauerman - Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer Scott Scherr - Founder, Chairman of the Board, Chief Executive Officer, President and Chairman of Executive Committee Analysts Richard K. Baldry - Wunderlich Securities Inc., Research Division Laura Lederman - William Blair & Company L.L.C., Research Division Richard H. Davis - Canaccord Genuity, Research Division Michael Huang - Needham & Company, LLC, Research Division Mark R. Murphy - Piper Jaffray Companies, Research Division Mark S. Marcon - Robert W. Baird & Co. Incorporated, Research Division Gregory Dunham - Goldman Sachs Group Inc., Research Division Nathan Schneiderman - Roth Capital Partners, LLC, Research Division Eric Lemus Raghavan Sarathy - Dougherty & Company LLC, Research Division PresentationOperator
Good day, ladies and gentlemen, and welcome to the Ultimate's First Quarter 2012 Financial Results Conference Call. [Operator Instructions] And today's conference is being recorded. Your presenters today will be Mr. Scott Scherr, Chief Executive Officer, President and Founder of Ultimate; and Mr. Mitchell K. Dauerman, Executive Vice President and Chief Financial Officer. We will begin with comments from Mr. Dauerman. Please go ahead, sir. Mitchell K. Dauerman Thank you, Sarah. Good afternoon, and thank you for your interest in Ultimate Software. Before we begin, please be aware that we will be discussing our business outlook and we will be making other forward-looking statements regarding our current expectations of future events and the future financial performance of the company. These forward-looking statements are based upon information available to us as of today's date and are subject to risks and uncertainties. We encourage you to review our filings with the SEC for additional information on risk factors that could cause actual results to differ materially from our current expectations. We assume no duty or obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.