Earnings Call Excerpt
Sybase, Inc. (SY)
Q3 2008 Earnings Call
October 21, 2008 10:30 am ET
Executives
John Chen - Chairman of the Board, President and Chief Executive Officer
Jeffrey Ross - Chief Financial Officer & Senior Vice President
Analysts
Trip Chowdhry - Global Equities Research
Kirk Materne - Bank of America
Steven Koenig - KeyBanc Capital Markets
Ross McMillan - Jeffries & Company
Brent Williams - Benchmark Company
Brad Sills - Barclays Capital
Presentation
Operator
Welcome to the Sybase third quarter 2008 earnings conference call. This call is being recorded. Our speakers today are Chairman, Chief Executive Officer and President, John Chen; Senior Vice President and Chief Financial Officer, Jeff Ross and now at this time I would like to turn the conference over to John Chen.
John Chen
Thank you operator. Good morning everybody and welcome to our call and thank you for joining us this morning. We’ll start the conference with Jeff providing the Safe Harbor language.
Jeffrey Ross
Thanks John and good morning to everyone. Today certain statements we will make will be forward-looking statements which represent our current judgment on future events and are subjects to risk and uncertainties that could cause actual results to differ materially. Forward-looking statements reflect our opinions only as of the date of this call and include statements about our future growth, future earnings, business prospects and other statements regarding future events.
Actual results could differ materially from statements we make today for a variety of reasons which are described in our earnings press release and in our SEC filings including our annual report on Form 10-K for the year-ended December 31, 2007 and our Form 10-Q’s for the first and second quarter of 2008. These documents are available under the Investor Relations section of our website at www.sybase.com.
Now John will provide an overview for our 2008 third quarter results. Over to you John.
John Chen
Thank you. We'll try to get through this prepared script as quickly as we can. I’m sure a lot of you would like to chat about Q4 and 2009 and if anyone of you thinks it’s not the case, please signal us and we’ll just move on quickly.
Anyway, I’m extremely pleased with, the team’s ability to execute well, especially against this very challenging economic background here. We have now delivered our fourth consecutive quarter of record results. Also for the third time this year we are raising our full year 2008 outlook for revenue earnings and cash flow from operations.
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