Earnings Call Excerpt
Here’s the entire text of the prepared remarks from AsiaInfo Holdings’ (ticker: ASIA) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.
Executives:
Eileen Chu, Investor Relations
Steve Zhang, President and CEO
Ying Han, EVP and CFO
Analysts:Chang Qiu, Forun Technology Research, Analyst
Presentation
[Operator]Welcome to the AsiaInfo Third Quarter 2005 Results Announcement. As a reminder, this call is being recorded.
I will now turn the conference over to Ms. Eileen Chu, Director of Investor Relations. Please go ahead, Ms. Chu.
[Eileen Chu, Investor Relations]Hello everyone and welcome to AsiaInfo's 2005 third quarter conference call. Today Steve Zhang, President and CEO of AsiaInfo, will review some of our Company's business highlights for the most recent quarter and Ying Han, our Chief Financial Officer, will provide greater details on our financial results and provide 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's report filed with the SEC for 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, President and CEO]
Hello everyone and thank you for joining us. I am pleased to report that AsiaInfo's net revenues and earnings per share for the third quarter were in line with our previously stated guidance. During the quarter we continued to execute our strategy of focusing on our high growth, high margin telecom software and the security products in the services business. We have made important progress in these core businesses with 14% year-over-year growth in our Telecom solution and 50% year-over-year growth in the security business and we have every reason to believe that with our leading offerings and the brand recognition AsiaInfo will continue to outperform in this area.
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