Earnings Call Excerpt
VeriFone Holdings, Inc. (PAY)
F1Q09 Earnings Call
March 3, 2009 4:30 pm ET
Executives
William Nettles - Director of Corporate Development and IR
Douglas G. Bergeron - Chief Executive Officer
Robert Dykes - Chief Financial Officer
Analysts
Tien-Tsin Huang – JP Morgan
Gil Luria - Wedbush Morgan Securities
Robert Dodd – Morgan, Keegan & Co.
Presentation
Operator
Welcome to the VeriFone first quarter fiscal year 2009 results conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today’s conference, Mr. William Nettles, Vice President of Corporate Development and Investor Relations. Please proceed.
William Nettles
Good afternoon and welcome to the VeriFone financial results conference call for the first fiscal quarter of 2009. Today's call is being web cast and a recording will be available on our website until March 10, 2009. With me today is Doug Bergeron, CEO and Bob Dykes, CFO.
First for the legalities. I want to remind everyone that VeriFone desires to take advantage of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain forward-looking statements in this conference call including management's view as to future events and financial performance are subject to various factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For a description of these factors, I refer you to our filings with the SEC. Any forward-looking statements speak only as of today and VeriFone is under no obligation to update these statements to reflect future events or circumstances.
In addition, today's call will cover certain non-GAAP financial measures on both an historic and forecast basis. Our management uses these measures to evaluate our operating performance and to compare our results with those for prior periods as well as to other peer companies. These non-GAAP measures are not substitutes for disclosures made in accordance with GAAP. Reconciliations of these measures to the most comparable GAAP measures are presented in our earnings release, which is available on our website at www.verifone.com.
During this presentation your line will be in a listen-only mode. At the conclusion of today's presentation there will be a question-and-answer session. Instructions on how to signal for a question will be given by the moderator at that time.
Now I would like to turn the call over to Doug Bergeron, CEO of VeriFone.
Douglas Bergeron
Thanks William. Good afternoon everyone. Today we will discuss VeriFone’s results for the first quarter of fiscal 2009 ending January 31 and how the deepening global recession has shaped our approach to pricing, working capital, cost and expense management.
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