Earnings Call Excerpt
AsiaInfo Holdings, Inc. (ASIA)
Q3 2006 Earnings Call
October 25, 2006 8:00 pm ET
Executives
Eileen Chu - Investor Relations
Steve Zhang - President and Chief Executive Officer
Ying Han - Chief Financial Officer
Presentation
Operator
Welcome to today's AsiaInfo Q3 2006 results announcement event call. (Operator Instructions) Ms. Chu, you may begin.
Eileen Chu - Investor Relations
Hello, everyone, and welcome to AsiaInfo's 2006 third quarter conference call. Today, Steve Zhang, President and CEO of AsiaInfo, will reveal some of AsiaInfo's business highlights for the most recent quarter. Ying Han, AsiaInfo's Chief Financial Officer, will provide greater details on the financial results, as well as guidance for the upcoming quarter. Mr. Zhang will then provide a few closing remarks and open the call to questions.
Before we continue, allow me to review our Safe Harbor Statement. During this conference call, representatives of the company may make forward-looking statements in an effort to assist you in understanding the company and its results. Please refer to AsiaInfo reports filed with the SEC for a discussion of important factors that could affect future results.
Also, please take note that all figures mentioned during this conference call are in U.S. dollars. I will now turn the call over to AsiaInfo's President and CEO, Steve Zhang.
Steve Zhang
Hello, and thank you for joining us. I'm pleased to report today that AsiaInfo exceeded net revenue guidance and EPS for third quarter, as we saw strong growth in both our telecom business and our security product and services business.
During the third quarter, AsiaInfo continued to leverage our leading technology, close relationships with the major telecom carriers and the familiarity with the needs of the telecom marketplace to secure telecom software, service contracts. We implemented telecom software solutions that enhanced the functionality and the capabilities of optical systems and allowed them to focus on developing their customer service offerings.
For example, for Shanghai Unicom, we constructed a phase two prepaid service and platform to provide a greater variety of prepaid services to customers and improve management of all prepaid data services.
We expanded [JBM] Mobile’s BOSS systems, integrating functions to increase their operating efficiency in an increasingly competitive of telecom market. Upgrades such as this are key to staying ahead of the competition, improving customer management and increasing profitability.
We had a new strategic plans to expand our share of the telecom market and during the third quarter we made a significant breakthrough into the China Telecom part of the system market by signing a contract with JBM Telecom to construct an online payment system and upgrade their business support system. JBM Telecom is one of China Telecom’s most important provincial subsidiaries with approximately 21.4 million fixed line telecom users and 3.4 million broadband users. We hope to develop them into a major client through the coming quarters.
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