Earnings Call Excerpt
VA Software (LNUX)
Q2 2006 Earnings Conference Call
February 21st 2006, 5:00 PM.
Executives:
Kathleen R. McElwee, Chief Financial Officer, Principal Accounting Officer and Sr. VP
Ali Jenab, Chief Executive Officer, President
Analysts:
Doug Whitman, Whitman Capital
James Gilman from Cross Research
Jon Hickman of MDB Capital
Paul Oppenheim, OMT Capital
Jon Hickman, MDB Capital
Joel Hausman (indiscernible) Little Creek.
Louis Buck, Private Investor
Robert Evan, Private Investor
Sony Roy, Private Investor
Presentation
Operator
Welcome to today’s teleconference, at this time all participants are in a listen-only mode. Later there will be an opportunity to ask questions during that Q&A session. I will now turn the program over to Ms. Kathy McElwee. Go ahead please.
Kathleen R. McElwee, Chief Financial Officer, Principal Accounting Officer and Sr. VP
Thank you. Good afternoon and welcome to VA Software’s Conference Call reviewing our Second Quarter Fiscal Year 2006 Financial Results. Let me remind you that this discussion will include forward-looking statements, which we made pursuant to the safe harbor provisions of Section 21-E of the Securities Exchange Act of 1934. Investors are cautioned that statements made during the call that are not strictly historical in nature, constitute forward-looking statements. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those set forth in such statements.
Forward-looking statements on this call include in particular, statements regarding management’s plans and objectives for future operations and financial performance, expected benefit from ongoing improvements to products and services, customer prospects and market opportunities, geographic expansion and sales for the company’s SourceForge Enterprise Edition solution. Increased profit to the company’s online media site, industry and technology leadership and collaborations with the company’s strategic partners.
Factors that could cause actual results to differ from our forward-looking statements are specified in our press release announcing the company’s quarterly results released earlier this afternoon. VA does not take any obligation to update forward-looking statements, VA cautions investors not to place undue reliance upon any forward-looking statements and recommends that investors review the company’s filings with the Securities and Exchange Commission including the risk factor section of VA’s Annual Report on Form 10-K for the year ended July 31, 2005 and Form 10-Q for the quarter ended October 31, 2005. These documents are available at the company’s website Vasoftware.com and at the SEC site.
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, VA reports non-GAAP financial results. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to the comparable GAAP results which could be found in VA earnings release announcing our financial results issued earlier today. They are also posted on the company’s website. A replay of this conference call will be available on our website later today. The replay will also be available by telephone at (800) 688-7036 or (402) 220-1346.
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