Harris Interactive Inc. F2Q09 (Qtr End 12/31/08) Earnings Call Transcript

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2009-02-06 10:09:10.0

Tags: Revenue, Call Transcript, Earnings, Operational Accounting, Finance, Seeking Alpha, Harris Interactive

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from the line of Todd Van Fleet from First Analysis. Please proceed.

Todd Van Fleet - First Analysis

Good morning. I was just hopping maybe you could give us the dollar figures attached to revenue for the various markets, U.S., Canada, Germany etc?

Mike Burns

Actually Todd, that’s posted on our website.

Deborah Rieger-Paganis

I have it in font of me.

Mike Burns

And Deb has it as well, okay.

Deborah Rieger-Paganis

U.S. $31.9 million, Canada $5.2 million, U.K. $8.2 million, France $2.3 million, Germany $1.3 million and Asia $1.8 million, a total of $50.7 million.

Todd Van Fleet - First Analysis

Great thanks for that, and what was the impact of currency on the bookings activity in the quarter. So if you were to use the exchange rates from a year ago rather than 48.6, do you have a sense for what that number might have been or would have been?

Deborah Rieger-Paganis

I’m sorry, rather than the 40.6?

Todd Van Fleet - First Analysis

The 48.6?

Deborah Rieger-Paganis

Its $3.9 million as I mentioned for revenue, I did not have that for the bookings number, but I can get that for you.

Todd Van Fleet - First Analysis

Okay I’ll follow-up with you on that. With respect to the headcount, where I think the average FD’s were about 714 I think in the quarter. Kimberly do you have a sense for kind of are there certain metrics that you’re really focused on in terms of how to manage the business or once you’re managing the business by in particular over the course of the next couple of quarters. When you think about, the organization restructuring and having the cost kind of match the revenue or be appropriately sized relative to the revenue and there certain metrics that you’re focused on?

Kimberly Till

Yes, so we’re focusing on the number of hours that you need to deliver the business that we’re projecting; it’s one of the key metrics and how that converts to the FTEs that are required to service the clients.

Todd Van Fleet - First Analysis

Okay, given where the revenue has gone. I think over the course of the past couple of quarters in terms of the decline and you match that up relative to where the FTE levels have gone. It would seem to suggest that perhaps maybe there’s a little ways to go in terms of FTE’s, some further declines there. Is that a fair statement or no?

 

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