New Oriental Education & Technology's Management Presents Q4 2012 Results - Earnings Call Transcript

New Oriental Education & Technology Group Inc. ( EDU)

Q4 2012 Earnings Call

July 17, 2012 8:00 AM ET


Sisi Zhao - Senior Investor Relations Manager

Louis Hsieh - President &CFO


Philip Wan - Morgan Stanley

Chenyi Lu - Cowen & Company

Jeffrey Meuler - Robert W. Baird & Co

Steve Zhang - Macquarie Funds Group

Mark Marostica - Piper Jaffray

Ella Ji - Oppenheimer & Co., Inc

Trace Urdan - Wells Fargo Securities

Eric Wen - Mirae Asset Securities

Anita Chen - Jefferies & Co

Brandon Dobell - William Blair & Company

Chao Wang - Merrill Lynch

Fei Fang - Goldman Sachs

Kevin Tan - Joho Capital

Jin Yoon - Nomura Securities



Good evening and thank you for standing by for New Oriental’s Fourth Quarter and Fiscal Year 2012 Earnings Conference Call. At this time, all participants are in listen-only mode. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

I’d now like to turn the meeting over to your host for today’s conference, Ms. Sisi Zhao.

Sisi Zhao

Hello everyone, and welcome to New Oriental’s fourth quarter and fiscal year 2012 earnings conference call. Our financial results for the period were released earlier today and are available on the Company’s website as well as on Newswire services.

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