Earnings Call Excerpt
Tier Technologies, Inc. (TIER)
Q4 2007 Earnings Call
December 13, 2007 5:00 PM ET
Executives
Monica Bowman – Deputy Project Director
Ronald L. Rossetti – Chairman of the Board & Chief Executive Officer
David E. Fountain – Chief Financial Officer, Senior Vice President & T
Analysts
Gary Prestopino – Barrington Research Associates
Jason Harris
Michael Ogborn
Beth Lilly
Shane Kim
Ross Berner – Weintraub Capital
Daniel Weston
Presentation
Operator
Good evening. My name is Tekay and I
will be your conference operator today.
At this time I’d like to welcome everyone to the Tier Technologies Year
End Conference Call. All lines have been
placed on mute to prevent any background noise.
After the speaker’s remarks there will be a question and answer
session. If you would like to ask a
question during this time, simply press star then the number one on your
telephone keypad. If you would like to
withdraw your question press the pound key.
Thank you Ms. Bowman, you may begin your conference.
Monica Bowman
Thank you and good afternoon everyone. After the market closed today we issued a press release announcing Tier’s financial results for this fiscal year 2007 fourth quarter and year ended September 30, 2007. A copy of this press release can be found in the news section of our website atwww.Tier.com. With me on the call this afternoon are Ron Rossetti, Chairman and Chief Executive Officer and David Fountain, Chief Financial Officer. A taped replay of this call will be available on the company’s website from approximately two hours after the end of the call until 11:59 pm eastern time on December 20, 2007. Alternatively, you can hear a reply by dialing 800-642-1687 and entering the conference ID 27123028.
I want to remind you that various remarks that we make about the company’s future expectations, plans and prospects constitute forward looking statements for purposes of the safe harbor provision under the Private Securities Litigation Reform Act of 1995. The forward looking statements discussed on this call represents management’s current expectations about the company’s future financial performance based on the information available to us today. This information may change and our actual results may differ materially from these forward looking statements. We undertake no obligation to update any such forward looking statements. There are numerous risks and uncertainties that affect our business and may affect these statements including, but not limited too, the potential lost of funding by clients, failure to achieve anticipated growth margin levels with respect to the individual projects due to unanticipated cost incurred and fixed priced and transaction based projects, timing, initiation, completion, renewals and extensions or earlier termination of client projects. The company’s ability to realize revenues from a business development opportunity and other risk factors that are set forth in our SEC filings.
- To read the full transcript on Seeking Alpha, click here »
