Earnings Call Excerpt
Here’s the entire text of the prepared remarks from Fiserv’s (ticker: FISV) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.
Executives:
Les Muma, President and CEO
Norm Balthasar, Senior Executive Vice President
Kenneth R Jensen, Senior Executive Vice President and Chief Financial Officer
Tom Hirsch, Senior Vice President and Controller.Analysts:
Greg Smith, Merrill Lynch
David Cohen, Morgan Stanley
Carla Cooper, Robert W. Baird
Carter Meader, Midwest Research
Julio Quinteros, Goldman Sachs
Paul Bartolai, CS First Boston
Tim Willi, A. G. Edwards
Glenn Greene, Think equity Partners
Bryan Keane Prudential
Patrick Burton, Citigroup Investment Research
Chris Penny, FBR
John Kraft, D.A. Davidson
Pat Kessler, Standard & Poor's Equity
Roger Freeman, Lehman Brothers
David Trossman, Wachovia Securities
Phil Mickelson, JP Morgan
Nik Fisken, StephensPresentation
[Operator]
Good morning and welcome to the FIserv earnings conference calls for the third quarter of 2005. We currently have 85 participants on this call and all participants will be able to listen only until the question-and-answer session begins following the presentation. At the request of FIserv today's call is being recorded and also is being broadcast live over the Internet. The call is expected to last 45 minutes. You may disconnect from the call at any time.
Now I would like to introduce the Fiserv management team in attendance on this call. Les Muma, President and CEO, Norm Balthasar, Senior Executive Vice President and Chief Operating Officer, Kenneth Jensen, Senior Executive Vice President and Chief Financial Officer, and Tom Hirsch, Senior Vice President and Controller. At this time I'd like to turn the conference over to Mr. Les Muma.
[Les Muma, President, CEO]
Good morning. Welcome to Fiserv's third quarter earnings conference call. We appreciate your participation and look forward to presenting our third quarter results and answering your questions. Before we start, Fiserv would like to state that the Company may make forward-looking statements regarding 2005 and 2006 earnings and revenue targets, sales pipelines, and acquisition prospects during the course of this conference call. Such statements are covered by the Safe Harbor included in the Private Securities Litigation Reform Act of 1995. These statements may differ from actual results and are subject to a number of factors. Please refer to our third quarter earnings release for a discussion of these factors and non-GAAP financial measures discussed in this conference call. Our earnings release is accessible on our website, www.fiserv.com.
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