Good afternoon and welcome to IDT Corporation's Fourth Quarter and Full Year Fiscal 2017 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the three and 12-month periods ended July 31st, 2017. During prepared remarks by IDT's Chief Executive Officer, Shmuel Jonas, all participants will be in listen-only mode. [Operator Instructions] After the prepared remarks, Marcelo Fischer, IDT's Senior Vice President, Finance and the Chief Financial Officer of IDT of IDT Telecom will join Mr. Jonas for Q&A. [Operator Instructions] Any forward-looking statements made during this conference call, either in their 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 take, or to update the factors that may cause actual results to differ materially from those that they forecast. In their presentation, or in the Q&A that will follow, 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. I would now like to turn the conference over to Mr. Jonas.

Thank you, operator. Welcome to IDT's fourth quarter and full fiscal year 2017 earnings call for the three and 12-month periods ended July 31, 2017. My remarks compare results for the fourth quarter of fiscal 2017 to the fourth quarter of fiscal 2016 and results for the full fiscal year 2017 to the full fiscal year 2016. This quarter showcased the resilience of our core communications and payments businesses, while we continued to invest heavily in our growth initiatives, including net2phone's unified communications as a service business, National Retail Solutions, BOSS Revolution international money transfer, and the BOSS Revolution mobile service that we expect to launch later this quarter. We have discussed the strong headwinds facing our core retail and wholesale businesses in our TPS segment many times. Nonetheless, we increased fourth quarter revenue in our TPS segment by $26.6 million and full fiscal year revenue by $12.5 million. However, TPS' revenue, less direct cost, decreased $2 million in the fourth quarter. The fourth quarter's revenue increase came from Wholesale Carrier and Payment Services, which more than offset decline in Retail Communications. However, retail margins improved in the fourth quarter, driven by a shift to higher margin destinations and increased sales via the BOSS Revolution Calling app. Wholesale Carrier revenue in the fourth quarter increased by $28.4 million, while full 2017 fiscal year revenue increased by $41.3 million. We have now increased Wholesale Carrier revenue sequentially for five consecutive quarters. While our Wholesale business grew its topline nicely, it did face margin pressure. The credit for the topline growth goes to our Wholesale Carrier team. The Wholesale Carrier team has developed an innovative solution that allows network operators to outsource their international long distance traffic management to IDT, which maximizes their bottom-line while freeing the network operators up to focus…

At this time, I'm showing no questions, so I would like to conclude our question-and-answer session as well as today's conference. We thank you for attending the presentation and you may now disconnect your lines.