Good day, and welcome to the IDT Corporation's Second Quarter Fiscal 2015 Earnings Conference Call. During management's prepared remarks all participants will be in listen-only mode. [Operator Instructions]. After today's presentation by IDT's management there will be an opportunity to ask questions. [Operator Instructions]. In today's presentation, Bill Pereira, CEO of IDT Telecom will discuss IDT's financial and operational results for the three month period ended January 31, 2015. Any forward-looking statements made during this conference call, either in the prepared remarks or in the Q&A session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to, specific risks and uncertainties discussed in the reports that IDT files periodically with the SEC. IDT assumes no obligation either to update any forward-looking statements that they have made or may make, or to update the factors that may cause actual results to differ materially from those that they forecast. In their presentation or for the Q&A, IDT's management may make reference to the non-GAAP measures, adjusted EBITDA, non-GAAP net income, and non-GAAP EPS. A schedule provided in the earnings release reconciles adjusted EBITDA, non-GAAP net income, and non-GAAP EPS to the nearest corresponding GAAP measures. Please note that the IDT earnings release is available on the Investor Relations page of the IDT Corporation website, www.idt.net. The earnings release has also been filed on a Form 8-K with the SEC. Finally, please note this event is being recorded. I would now like to turn the conference call over to Mr. Pereira. Mr. Pereira the floor is yours sir.

Thank you, operator. Welcome to the call everyone. Our remarks today will focus on key operational and financial results for the second quarter of our fiscal year 2015, the three months ended January 31, 2015. Throughout my remarks unless otherwise indicated, this quarter's financial results are compared to the second quarter of fiscal 2014. For a more comprehensive and detailed discussion of our results, please read our earnings release issued earlier today and our Form 10-Q which we expect to file later this week. Shmuel Jonas asked me to be on the call today to provide more focus on IDT Telecom. Following my remarks Marcelo Fischer, IDT's Senior Vice President of Finance and IDT Telecom's Chief Financial Officer will join me and we will be glad to take your questions. As you evaluate our results for the second quarter of 2015 please keep in mind that IDT sold its stake in Fabrix Systems during the first quarter thus our second quarter results do not include Fabrix's operating results. But since the sale of Fabrix is not qualified for discontinued operations treatment for accounting purposes Fabrix's operating results are still included in all comparative prior period results including the year ago quarter. Also results from Zedge, our popular mobile phone personalization platform which had been reported as a separate segment are now aggregated with the other operations reported in the all other segment. Now let’s review the results. Consolidated revenue in the second quarter was $394.2 million, a decrease of $12.3 million year-over-year. I want to spend some time on the three primary causes of the revenue decline as to a large extent they do not reflect the strength of our core businesses. First, in the all other segment as explained above, Fabrix contributed $3.3 million in revenue in the year…

Thank you very much for joining the call and feel free to contact us if you have any questions. Thank you.

And we thank you sir for your time today, and to the rest of the management team. The conference call is now concluded. At this time you may disconnect your lines. Thank you and take care everyone.