Earnings Call Excerpt
Salesforce.com (CRM)
Q4 2006 Earnings Conference Call
February 22nd 2006, 5:00 PM.
Executives:
Marc Benioff, Chairman & Chief Executive Officer
Jim Steele, President, Worldwide Sales & Distribution
John Freeland, President, Worldwide Operations
Steve Cakebread, Chief Financial Officer
Parker Harris, EVP, Technology
Kenneth I. Juster, EVP, Law, Policy, and Corporate Strategy
Analysts:
Jason Maynard, Credit Suisse
Kash Rangan, Merrill Lynch
Laura Lederman, William Blair
Brent Thill, Prudential
Rick Sherlund, Goldman Sachs
Philip Rueppel, Wachovia Securities
Greg, (for Tom Ernst) Deutsche Bank
Peter Goldmacher, SG Cowen
Brendan Barnicle, Pacific Crest
Presentation
Operator
Good day everyone and welcome to the Salesforce.com Fourth Quarter 2006 Financial conference call. As a reminder today's call is being recorded. For opening remarks and introductions I would like to turn the call over to David Havlek, Vice President of Investor Relations for Salesforce.com. Please go ahead sir.
David Havlek, Vice President of Investor Relations
Thank you Lisa. I would like to welcome everyone to the Salesforce.com's Fourth Quarter Fiscal Year 2006 Financial Results Conference Call. Joining me as always today, our CEO and Chairman, Marc Benioff; and CFO, Steve Cakebread. Marc will begin today's discussion with a brief review of our fourth quarter performance, and update you on some of our key achievements and initiatives. Steve will follow with a detailed discussion of the numbers for the fourth quarter before discussing our outlook for fiscal year 2007. Following our prepared remarks, we'll open things up to all of you for questions and answer.
Before we get started today let me quickly take a few minutes for some formalities. First, in order to provide a better understanding of our business we will reference certain non-GAAP measures during today's call, a reconciliation of GAAP and non-GAAP results is available in the earnings press release issued earlier today, and filed on Form 8-k with the SEC. The press release contains a complete review of our financial performance for Q4, additional financial information's beyond what is provided in the press release maybe found on our website.
Second, today's call is being webcast and a replay will be available shortly following the conclusion of the call through March 3rd. To access the press release, the financial detail or the webcast replay, please consult our Investor Relations website at: www.salesforce.com/investor.
Before I turn over to Marc, please be reminded that the primary purpose of today's call is to provide you with information regarding our fourth quarter fiscal year 2006 performance. However, some of our discussion or responses to your questions will contain forward-looking statements. These statements may include projected financial results, subscriber, financial and operating metrics, business strategy, the timing of future services, product or platform releases, and their capabilities. Demand for On-Demand services generally or our products services or the AppExchange specifically, anticipated growth, market opportunities, expected implementation of our services by certain customers, data center hardware or software initiatives, future systems and service availability, the decline of the enterprise applications market or other business related topics.
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