Welcome to the Hackett Group First Quarter Earnings Conference Call. Your lines have been placed on listed only mode. Hosting tonight's call are Mr. Ted Fernandez, Chairman and CEO; and Mr. Rob Ramirez, Chief Financial Officer. Mr. Ramirez, you may begin. Good afternoon, everyone, and thank you for joining us to discuss The Hackett Group's First Quarter Results. Speaking on the call today and here to answer your questions are Ted Fernandez, Chairman and CEO of The Hackett Group; and myself, Rob Ramirez, Chief Financial Officer. Our press announcement was released over the wires at 4:14 p.m. Eastern Time. For a copy of the release, please visit our website at www.thehackettgroup.com. We will also place any additional financial or statistical data discussed on this call that is not contained in the release on the Investor Relations page of our website. Before we begin, I would like to remind you that in the following comments and in the Q&A session, we will be making statements about expected future results, which may be forward-looking statements for the purposes of the federal securities laws. These statements relate to our current expectations, estimates and projections and are not a guarantee of future performance.

NVIDIA has reported Q1 revenue of $1.94 billion, buoyed by record datacenter sales of $409 million. The datacenter business has been growing by leaps and bounds for the graphics chipmaker, thanks largely to the rapidly expanding market for high GPUs in deep learning. Revenue for the first quarter (Q1 FY18) beat analyst estimates and represents a 48 percent increase from last year at this time. Even more encouraging was net income, which amounted to $507 million for the quarter. That's more than twice that reported for the first quarter in 2016.

NVIDIA Corporation (NVDA) stock surged on Wednesday in the wake of the company's earnings report on Tuesday evening, but it climbed even more on Thursday after the analyst day. It's really no surprise to anyone that artificial intelligence and deep learning were two key highlights of the chip maker's analyst day. Macquarie Research analyst Srini Pajjuri said in a note to investors that NVIDIA Corporation (NVDA) management estimates the total addressable market at $11 billion for "training" and $15 billion for "inference." The company's new Volta datacenter product focuses on "inferencing," the segment of the market that the analyst expects to be the more competitive of the two. It also announced a new self-driving partnership with Toyota, which builds on its other self-driving agreements with Tesla, Volvo and Audi.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This website may contain forward-looking statements, including statements relating to expectations for our product portfolio, the market for our products, product development efforts, and the capacities, capabilities and applications of our products. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including development challenges or delays, supply chain and logistics issues, changes in markets, demand, global economic conditions and other risks and uncertainties listed in Western Digital Corporation's most recent quarterly and annual reports filed with the Securities and Exchange Commission, to which your attention is directed. Readers are cautioned not to place undue reliance on these forward-looking statements and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Artificial Intelligence (AI) pioneer Nvidia has announced it will train 100,000 developers in "deep learning" to bolster health care research and improve treatment in diseases like cancer. Deep learning is Nvidia's term for machine learning, the idea of pushing computers to learn the way a human would in order to progress what many are calling the next revolution in technology – machines that "think" like humans. Over the past decade, it's given us self-driving cars, practical speech recognition, effective web search, and a vastly improved understanding of the human genome. In the past, cancer research institutes have looked into using Nvidia's latest advances in AI and deep learning to help pathologists with their overwhelming tasks. One project, Led by Andrew Beck, associate professor of pathology and director of bioinformatics at BIDMC, used an Nvidia Tesla K80 GPU supercomputer chip to speed up the process of training their computational models in breast cancer diagnosis.

Japanese video game publisher Square Enix has announced that it is now parting ways with IO Interactive, the studio behind the "Hitman" franchise. Square Enix plans to sell IO to interested investors, but if an agreement isn't reached, the Danish studio might be shut down. "To maximize player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios," Square Enix said in its statement. "As a result, the Company has regrettably decided to withdraw from the business of IO Interactive A/S. a wholly-owned subsidiary and a Danish corporation, as of March 31, 2017." Square Enix assumed ownership of IO Interactive when it acquired it from Eidos Interactive back in 2009.

Australian Securities Exchange-listed Internet of Things (IoT) company Xped has announced that it is purchasing fellow Adelaide-based artificial intelligence (AI) company Jemsoft for AU$200,000 in cash and 50 million Xped shares. The total value of the deal comes to AU$900,000, with Xped shares priced at 14 cents per share. In addition to acquiring all of Jemsoft's intellectual property -- including its computer vision machine-learning technology, Monocular API -- Xped will also gain ownership of 51 percent of Jemsoft's partially owned subsidiary Media Intelligence, which offers media measurement technologies and real-time research solutions. The acquisition will allow Xped -- which offers a platform that enables consumers of all technical capabilities to connect, monitor, and control everyday devices and appliances through their smartphones -- to provide an in-house AI solution to clients looking to enhance their IoT products using visual sensors. Monocular's account management and dashboard components, as well as its user-trainable functionality, will become "integral components" of Xped's smart home and other IoT offerings moving forward, the companies said.

The two largest semiconductor companies in the world, Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM), share a long rivalry, even though they specialize in and dominate different areas of the global processor market. So let's examine Qualcomm and Intel in three important areas to find which stock looks like the better buy today. Through the power of their business franchises, Intel and Qualcomm each earn a clean bill of financial health. The companies excel in these measures of financial fortitude in different regards. When it comes to net cash -- financial shorthand for cash and investments minus debt -- Qualcomm's $17.1 billion in net cash is miles ahead of Intel's $8.4 billion in net debt.

Nvidia posted a higher than expected revenue in the first quarter of the fiscal year 2018. The graphics company not only managed to beat analysts' expectation but also reported substantial revenue growth across its major business segments. For the first quarter, Nvidia recorded quarterly earnings of $1.94 billion, a huge 48 percent jump compared to the same period last year and also slightly higher than Wall Street's revenue expectations of $1.91 billion. Contributing to this huge revenue jump are the massive gains made in its gaming GPU business and the improved financial performance of its automotive and data center businesses. Nvidia also saw huge gains in its operating income and net income figures, with increases of 126 percent and 144 percent respectively.

Ladies and gentlemen, thank you for standing by, and welcome to Nuance's Second Quarter Fiscal 2017 Conference Call. At this time, all lines are in a listen-only mode. Later, there'll be an opportunity for your questions, and instructions will be given at that time. As a reminder, this conference is being recorded. With us today from Nuance are Chairman and CEO, Paul Ricci; CFO, Dan Tempesta; EVP of Corporate Strategy and Development, Bruce Bowden; and Director of Investor Relations, Christine Marchuska. Now, I would like to turn the call over to Ms. Marchuska. Before we begin, I remind, everyone, our discussion this afternoon includes predictions, estimates, expectations, and other forward-looking statements. These statements are subject to risks and uncertainties that could cause material differences in our actual results. Please refer to our recent SEC filings for a discussion of these risks.