Earnings Call Excerpt
Unica Corp. (UNCA)
F1Q09 Earnings Call
February 2, 2009; 05:00 pm ET
Executives
Kevin Shone - Chief Financial Officer, Senior Vice President
Yuchun Lee - Chief Executive Officer
Analysts
Tom Ernst - Deutsche Bank
Phillip Rueppel - Wachovia
Richard Davis - Needham & Co
Ross MacMillan - Jefferies & Co
Ray Conley - Palo Alto Investors
Presentation
Operator
Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Unica Corporation First Quarter 2009 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions.
I would like to remind everyone that this conference is being recorded. I would now like to turn the conference over to Mr. Kevin Shone, Senior Vice President and Chief Financial Officer. Please go ahead, sir.
Kevin Shone
Thank you. Good afternoon, everyone, and thank you for joining us today to review our first quarter fiscal 2009 results. I am Kevin Shone, Chief Financial Officer, and with me on the call today is Yuchun Lee, Chief Executive Officer. By now you should have a copy of our financial results press release issued after the market closed today. You can find a copy of it on our web site at Unica.com or call Barbara Dastgheib at 781-839-8514 if you need assistance.
Any remarks we may make today about future expectations, plans and prospects of Unica constitute forward-looking statements for purposes of the Safe Harbor provision under the Private Securities Litigation Reform Act of 1995. These statements are based solely on present information and are subject to the risks and uncertainties that can cause the actual results to differ materially from those projected in the forward-looking statements. Please refer to our annual report on Form 10-K and specifically the risk factors contained therein for more information.
We anticipate that subsequent events and developments will cause our expectations and estimates to change. While Unica may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so.
With that I would like to turn the call over to our CEO, Yuchun Lee, to provide some perspective on our results and strategic initiatives, and then I will come back later to provide further details regarding our financials. Yuchun?
Yuchun Lee
Thanks, Kevin. And thanks to those of you joining us on the call to review our first quarter results. The high level trends Unica experienced exiting fiscal 2008 continued during the first quarter of fiscal 2009. On a positive side, our international operations, subscription offerings and maintenance renewal all remained relatively solid during the first quarter. At the same time, economic downturn continued to pressure our perpetual license business, particularly in the US, as evidenced by delays in obtaining final signatures on a few strategic deals, as well as prolonged implementation phase for some existing professional services engagements.
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