Entrust Inc. Q3 2008 Earnings Call Transcript

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2008-11-03 18:00:24.0

Tags: Start, Call Transcript, Quarter, Earnings, Entrust Inc., Federal Government, Government, Seeking Alpha, Start, Call Transcript, Quarter, Earnings, Entrust Inc., Federal Government, Government, Seeking Alpha

Question-and-Answer Session

Operator

(Operator instructions) Your first question comes from Rob Owens - Pacific Crest Securities

Rob Owens - Pacific Crest Securities

Dave, did you give the geo breakout? America versus international?

Bill Conner

Rest of the world is about 38%. North America is 62%, Rob

Rob Owens - Pacific Crest Securities

Okay. So, you saw I think international picked up ending the quarter.

Bill Conner

Yes. Yes, very strong pick up in Asia, Latin-America, in Canada and relatively good performance in Europe.

Rob Owens - Pacific Crest Securities

Okay and then what was the linearity of the quarter?

Bill Conner

Fifty percent.

Rob Owens - Pacific Crest Securities

Fifty percent. So, Bill you have had strong starts the last couple of quarters and I guess, maybe you can help put that in perspective or you are just not seeing a lot of that activity in middle month? And then in line of what is going on with the economy in general, it seems like you are off to a pretty good start here in the fourth quarter. You think with $3 million of product revenue and $1 million Managed Services booking, so can you help me flip those two comments?

Bill Conner

Yes. So, first one relative to previous quarters, in Q3 you always have summer effects so actually we had a very good start in July. I think we are of to like a fairly good start with our call was later in the month. It is at the very end of the month and August is always slow there, Rob. As we look at this quarter Q4 that is a very good start for early in October. So, there is activity out there. The funnel looks good, it is just that it is a very strange market right now for what I will call mid sized deals, which is why I see the range we are talking to for what I will call perpetual deals and clearly, you saw a lot of the PS1 down in Q3 that we would have thought would have normally been there, but people are either buying the product and going along or just not doing the PS at all in some cases.

Mid service, we still see that actually picking up steam as we have kind of been predicting each quarter, we see that going well; US federal government has now got a good volume on role out of HSPD 12 which is good for us and clearly as you see, PCS has had strong performance and MSO is building the backlog in terms of orders that is we said we will start to contribute a meaningful product next year

 

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