VistaPrint Ltd. F3Q08 (Qtr End 03/31/08) Earnings Call Transcript

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2008-04-29 20:41:43.0

Tags: Revenue, NTR Global, Call Transcript, Quarter, Earnings, Operational Accounting, Finance, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions). And your first question comes from the line of Youssef Squali with Jefferies & Company. You may proceed.

Youssef Squali - Jefferies & Company

Thank you very much and that's Youssef Squali. Couple of questions Robert and Harp. I guess the question is for Harp. If I look at your US revenues or growth in the US revenues, it looks like it was up about 39% year-on-year, pretty healthy, but if I look at the prior two quarters they were up over 50% and certainly even higher than prior quarters of last year. Can you just speak on that and is that a reflection of the kind of bigger macro economic softness, or is there anything else going on?

And secondly, I know you don't guide to web sessions, but they have kind of fluctuated up and down more on the last two or three quarters than in the past. Can you speak to what you have done from, or what you are doing from a marketing perspective to affect that variable maybe less this quarter than you've done in prior quarters? Thank you.

Harpreet Grewal

Certainly and I'll take part of it and I think I'll ask Robert also to take part of the question as well. In terms of the North American growth, you are right that we grew 39% and it's very much in line with what we predicted for high growth trajectory. And, in terms of understanding should the variables be contributed to this high growth trajectory, we continue to acquire large number of new customers of [great focus]. We continue to diversify our product portfolio and continue to execute to the transformational market our trajectory that we have talked about in the past. We do know that there are a couple of things that in this particular quarter that were little different for Q3 of fiscal year '08. We do know there were fewer peak selling days.

We also know that for our strategy of related to NTR, as NTR has clamp down it's percentage of revenues relative to the previous year comparisons that obviously and NTR being predominantly a North American revenue source that has an impact as well. So, I don't think that that we look at and say that our previous statements related to seeing any material impact to our business relative to the downturn in the economy. Those statements are still valid.

 

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