Operator: Good day, ladies and gentlemen and welcome to the AeroVironment, Inc. Second Quarter Fiscal 2012 Earnings Conference Call. At this time all participants are in a listen-only mode. We will conduct a question-and-answer session after management's remarks. As a reminder, this conference is being recorded for replay purposes.
With us today from the Company is the Chairman and Chief Executive Officer, Mr. Tim Conver; Chief Financial Officer, Jikun Kim; and Vice President of Investor Relations, Mr. Steven Gitlin.
Now at this time, I would like to turn the conference over to Mr. Gitlin. Please go ahead, sir.
Steven A. Gitlin - VP, IR: Thanks very much Yuvan and welcome to our earnings call. Please note that on this call certain information presented contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, forecast and assumptions that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors outside of our control that may cause our business, strategy or actual results to differ materially from the forward-looking statements.
For a list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We do not intend and undertake no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.
The content of this conference call contains time-sensitive information that is accurate only as of today, December 6, 2011. The company undertakes no obligation to make any revisions to the statements contained in our remarks or to update them to reflect the events or circumstances occurring after this conference call.
We'll begin with remarks from Tim Conver, followed by Jikun Kim and then we'll move on to questions.
Now, it is my pleasure to turn the call over to Tim.
Tim Conver - Chairman and CEO: Thank you, Steve and welcome to our second quarter fiscal 2012 earnings call. The main points for today's call are; first, we are on track, we are doing what we said we'll do and our solutions remain in high priority demand with our customer; second, there is great uncertainty regarding the federal budget and DoD procurement but we believe we can manage it in the short term; third, key development programs are advancing in important ways to support our long-term growth objectives.
After I discuss the highlights of our second quarter today, I'd like to share with you what excites us about future growth potential as well as how we are managing risks. Our CFO Jikun Kim will provide a more detailed view of Q2 and year-to-date financial performance and I'll close by providing our view of the balance of the fiscal year, before we open the call to your questions.
We had another good quarter. Q2 revenue was $80.4 million, up 26% year-over-year and 30% sequentially. Earnings per share were $0.30 fully diluted, up from $0.01 both year-over-year and sequentially. Q2 backlog was $116 million, up 59% from Q1. With the $142 million in revenue for the first half of the year we have visibility now into three forces of our revenue guidance for fiscal 2012.