Vistaprint N.V. (VPRT) Q4 2012 Earnings Call July 26, 2012 5:15 pm ET Executives Robert S. Keane - Founder, Chairman of The Management Board, Chief Executive Officer and President Ernst J. Teunissen - Chief Financial Officer, Executive Vice President and Member of Management Board Analysts Carter Malloy - Stephens Inc., Research Division Mark May - Barclays Capital, Research Division Shawn C. Milne - Janney Montgomery Scott LLC, Research Division John D. Crowther - Piper Jaffray Companies, Research Division Mitchell O. Bartlett - Craig-Hallum Capital Group LLC, Research Division PresentationOperator
Ladies and gentlemen, welcome to the Vistaprint's Fourth Quarter and Fiscal 2012 Question-and-answer Earnings Conference Call. My name is Regina, and I will be your operator for today. This call is being hosted by Robert Keane, President and CEO; and Ernst Teunissen, Executive Vice President and CFO. [Operator Instructions] Before we take the first call, as noted in the Safe Harbor statement at the beginning of the earnings presentation, comments may include forward-looking statements, including statements regarding revenue and earnings guidance, and actual results may differ materially. Risks that could impact those statements are described in the documents that are periodically filed with the Securities and Exchange Commission. Now we'll proceed with the first call. Question-and-Answer SessionOperator Your first question today comes from the line of Carter Malloy with Stephens. Carter Malloy - Stephens Inc., Research Division So first, I just want to talk about the new investments in China and Singapore and India and what the thinking is behind that coming about now as opposed to earlier last year and if this is a good run rate for us to run this out in the out years. Or do you expect to increase it, going forward?