Earnings Call Excerpt
Keynote Systems (KEYN)
F4Q06 Earnings Call
October 31, 2006 5:00 pm ET
Executives:
Kirsten Chapman, Investor Relations
Drew Hamer, CFO
Umang Gupta, Chairman and CEO
Analysts:
Douglas Whitman, Whitman Capital
Matt Hewitt, Craig-Hallum Capital
Kevin Liu, B. Riley & Company
Presentation
Operator
Good afternoon everyone and welcome to Keynote’s conference call for the fourth quarter and year end of fiscal year 2006 ending September 30, 2006. Today’s conference is being recorded. At this time, I would like to turn the call over to Kirsten Chapman for opening remarks and instructions.
Kirsten Chapman, Investor Relations
Thank you, Catera. Good afternoon everyone and welcome to Keynote’s conference call for the fiscal 2006 fourth quarter and year end for the period ended September 30, 2006. I’m here today with Umang Gupta, Chairman and Chief Executive Officer, and Drew Hamer, Chief Financial Officer.
Hopefully by now you have seen our press release that was distributed over business wire and the major wire services. For your convenience, the press release has also been posted to our website at www.keynote.com. The replay of this call will be available by telephone by dialing 800-642-1687. The pass code is 8354422, or by webcast at the Investor Relations section of our website at www.keynote.com.
I would like to remind you that statements made during the course of this call that are not purely historical are forward-looking statements regarding the Company or management’s intentions, hopes, beliefs, expectations, and strategies for the future. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results might differ materially from those projected in the forward-looking statements.
Important factors that could cause actual results to differ materially from those in the forward-looking statements are discussed in today’s press release and in the Company’s annual and quarterly reports filed with the SEC. We have provided detailed guidance in our earnings release today as we have in prior quarters. This guidance assumes no additional acquisitions or other significant or extraordinary transactions other than those described in our earnings release. We will not comment on this guidance during the quarter but may provide an update to this guidance in the event of material changes during the quarter. Before the Company reviews the financials, I will review definitions for some metrics which are not in accordance with Generally Accepted Accounting Principles, commonly known as GAAP.
The Company defines non-GAAP net income as net income adjusted for provisions for income taxes, cash tax expense, stock-based compensation, and amortization of purchased intangibles and for in-process research and development associated with acquisitions.
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