Intelligroup, Inc. Q4 2008 Earnings Call Transcript

Intelligroup, Inc. (ITIG)

Q4 2008 Earnings Call Transcript

February 13, 2009 10:00 am ET

Executives

Norberto Aja – IR, Jaffoni & Collins Inc.

Vikram Gulati – President & CEO

Alok Bajpai – CFO

Analysts

Tim Brown – Roth Capital

George Milos [ph] – MDH Management

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Intelligroup Fourth Quarter Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. (Operator instructions).

As a reminder, this conference is being recorded Friday, February 13, 2009. It is my pleasure to introduce Norberto Aja, Investor Relations. Please go ahead, sir.

Norberto Aja

Thank you, operator, and thank you everyone for joining our fourth quarter call. In a moment, Vikram Gulati, President and CEO, along with Alok Bajpai, CFO, will review the quarter and then we'll open the call to questions.

However, before we get started, I'd like to remind everyone of the Safe Harbor statement included in the press release and that precautionary statements apply to today's conference call as well. During the course of the call, the company may make forward-looking statements that reflect management's current expectations regarding future performance or events, including those related to market demand for our services, strategic partnerships, future share repurchases and future sales.

Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct, and you should be aware that actual results could differ materially from those that are contained in the forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, the variability of quarterly operating results, continued uncertainty of the IT market, loss of one or more significant customers, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, various project and associated risks, including termination with short notice, substantial competition, general economic conditions, volatility in quarterly operating results caused by fluctuations in the currency markets, risks associated with intellectual property rights, risks associated with international operations, and other risks detailed from time to time in the company's filings with the SEC, including the company's Form 10-K for the fiscal year ended December 31, 2007.

The company's forecasts are dynamic and subject to change. Therefore, this forecast speaks only as of the date of this conference call and webcast, today, February 13, 2009. The company assumes no obligation to update the information contained in today's call.

With that, I would now like to turn the call over to Vikram Gulati, CEO and President of Intelligroup. Vikram?

Vikram Gulati

Thank you, Norberto, and good morning to everyone here in the US and good evening to those of you in Asia. We are very happy that were able to join us today.

As we begin today's discussion by offering those new to Intelligroup a quick overview of what we do and how we differentiate ourselves in the IT market. Intelligroup is an ERP focused enterprise application system integrator. That means that we help companies align and optimize the technology platforms, primarily the enterprise resource planning of ERP systems with their businesses. We do this by planning, consulting, building and managing ERP solutions that address critical business functions such as supply chain management, sales and marketing, manufacturing processes, financial reporting, including AP/AR journal legend, human resources, inventory management, purchasing, costing, billing and activity management, and finally company support and other critical functions.

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