Yandex N.V. (YNDX) Q2 2012 Earnings Call July 31, 2012 9:00 am ET Executives Katya Zhukova Arkady Volozh - Founder, Chief Executive Officer and Director Ilya Segalovich - Co-founder, Chief Technology Officer and Director Alexander Shulgin - Chief Financial Officer Analysts Edward Hill-Wood - Morgan Stanley, Research Division Lloyd Walmsley - Deutsche Bank AG, Research Division Alexander Balakhnin - Goldman Sachs Group Inc., Research Division Charles Eugene Munster - Piper Jaffray Companies, Research Division Mariya Rubanovskaya - BofA Merrill Lynch, Research Division Anna Lepetukhina - Troika Dialog, Research Division Olga Bystrova - Crédit Suisse AG, Research Division Alexander Vengranovich - OTKRITIE Securities Ltd., Research Division David Ferguson - Renaissance Capital, Research Division Anastasia Obukhova - VTB Capital, Research Division PresentationOperator
Ladies and gentlemen, thank you for standing by, and welcome to the Yandex Second Quarter 2012 Earnings Call. [Operator Instructions] I must advise you that this conference is being recorded today, Tuesday, the 31st of July 2012. I would now like to turn the conference over to your speaker today, Katya Zhukova. Please go ahead. Katya Zhukova Hello, everyone and welcome to Yandex's Second Quarter 2012 Earnings Call. Our earnings release were distributed earlier today. And you can find a copy on the company's Investor Relations website, as well as on newswire services. Today, with us are our CEO, Arkady Volozh; our CTO Ilya Segalovich; and our CFO, Alex Shulgin. Mr. Barsukov, our Director of Corporate Finance will be available during the Q&A session. The call is being recorded and the recording will be available on our Investor Relations website later today.