NIC Inc. (NASDAQ:EGOV) Q1 2018 Earnings Conference Call - Preliminary Transcript

Apr 30, 2018 • 04:30 pm ET


NIC Inc. (NASDAQ:EGOV) Q1 2018 Earnings Conference Call - Preliminary Transcript


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Ladies and gentlemen, please standby, we are about to begin. Good day. And welcome to the NIC 2018 First Quarter Earnings Announcement. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Angela Davied. Please go ahead.

Angela Davied

Thank you, Operator. Good afternoon, everyone, and welcome to NIC's first quarter earnings call. The press release for NIC's first quarter 2018 earnings announcement was issued 30 minutes ago. Our earnings release is also available on our corporate website at You may also call our headquarters at 1-877-234-3468 and we will email the information to you.

Following the reading of our cautionary statement regarding forward-looking information, CEO, Harry Herington; Chief Operating Officer, Robert Knapp; and Steve Kovzan, NIC's Chief Financial Officer will deliver prepared remarks. Then, we'll open for questions.

Any statements made during this call that do not relate to historical or current facts constitute forward-looking statements. These statements include statements regarding the company's potential financial performance for the 2018 fiscal year estimates, projections, the expected length of contract terms, statements relating to the company's business plans, objectives and expected operating results, statements relating to potential new contracts or renewals, statements relating to the company's expected effective tax rate and the potential effect of tax law changes, statements relating to possible future dividends and share repurchases and other possible future events, including potential acquisitions and the assumptions upon which those statements are based.

Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements, including regional and national business, political, economic, competitive, social and market conditions, including various termination rights of the company and its partners, the ability of the company to renew existing contracts in whole or in part, and to sign contracts with new federal, states and local government agencies, the company's ability to identify and acquire suitable acquisition candidates and to successfully integrate any acquired businesses, as well as possible data security incidents.

Any statements regarding our expected effective tax rate for 2018 reflect provisional amounts subject to adjustment during the one-year measurement period permitted under applicable law. You should not rely on any forward-looking statement as a prediction or guarantee about the future. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the Sections titled Risk Factors and Caution About Forward-Looking Statements of the company's most recent Forms 10-K and 10-Q filed with the SEC.

These filings are available at the SEC's website at

Any forward-looking statements made during this call speak only as of the date of this call, except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements whether as a result of new information, future events or otherwise.

And now, it is my pleasure to introduce Harry Herington, NIC's Chief Executive Officer and Chairman of the