I2 Technologies, Inc Q1 2008 Earnings Call Transcript

May 6, 2008 10:00 am ET


Tom Ward – IR

Pallab Chatterjee – Interim CEO

Mike Berry – EVP and CFO


Richard Mansouri – DCM Funds

Gregg Speicher – Moss Creek Capital



Ladies and gentlemen, good morning. Thank you for standing by, and welcome to the First Quarter 2008 Earnings Release for i2 Technologies. At this time all participants are in a listen-only mode. Later, there will be an opportunity for your questions and comments, and instructions will be given at that time. (Operator instructions) And as a reminder, today’s conference is being recorded. At this time, I would like to turn the conference over to our host, Director of Investor Relations, Mr. Tom Ward. Please go ahead.

Tom Ward

Thank you very much, Tom. I would like to welcome everyone to our conference call this morning. We released our first quarter 2008 results today. The release crossed the wire at 6:55 a.m. Eastern Time. Joining me today are Pallab Chatterjee, i2’s Interim CEO, and Mike Berry, i2’s Chief Financial Officer, who will deliver some prepared remarks, and we will then take questions afterwards. Those of you wishing to access the webcast of today’s conference call may do so by going to www.i2.com/investor and clicking on the Webcast link in the center of the page.

I would like to remind that the comments we will make today are subject to the SEC’s Safe Harbor provision. During our commentary and during the question-answer session, we will make estimates and forward-looking statements that are the current beliefs and opinions of certain members of i2 management. These statements are indicated by such terms as plans to, preliminary, goal, will, believe, targeting, expect, anticipate, intend, and likely. They may include statements regarding the objectives and timing of the Strategic Review Committee’s actions and the company’s ability to enhance stockholder value. They may also include statements regarding future revenues or expenses, earnings, operations, and cash flows as well as statements regarding demand for the company’s solutions and services and the company’s ability to achieve its targets, goals, and initiatives. We can give no assurances regarding the achievement of these forward-looking statements as they are only estimates and the actual outcomes may be significantly different. Additionally, we expect that some of these forward-looking statements will change in the normal course of our business, and the company expressly disclaims any current intention to update forward-looking statements that we may make on today’s call. Please refer to the forward-looking statements portion of the MD&A section and the Risk Factors section of our most recent 10-K filing and the section titled ‘i2 Cautionary Language’ in the press release attached to the form 8-K filed with the SEC today, which are available on our website.

During the call, we may make reference to certain non-GAAP financial measures. We have posted the appropriate reconciliations of our non-GAAP to GAAP financial measures on the Investor Relations page of our Web site.

I would now like to turn the call over to Pallab Chatterjee, i2’s Interim CEO.

Pallab Chatterjee

Thanks, Tom. Good morning, everyone. Thank you for joining us today. I want to take just a few minutes to provide you with some highlights from the first quarter of 2008 as well as give you an overview of some of the discussions we hosted at our annual Planet event last week.

First, we are pleased to have started 2008 with solid financial and operational performance. We recorded more than $66 million in total bookings for the first quarter, which is the highest first quarter bookings amount in the last three years. And, we recorded year-over-year growth in all our booking categories for the years – for the quarter.

In addition to the bookings amount we reported today, we also signed a long-term operations services deal with a major European high-tech customer for an aggregated value of approximately $10.5 mil…..for more please visit http://seekingalpha.com/article/78418-i2-technologies-inc-q1-2008-earnings-call-transcript?source=d_email&page=-1