Tableau Software, Inc. (NYSE:DATA) Q4 2018 Earnings Conference Call Transcript

Feb 05, 2019 • 04:30 pm ET


Tableau Software, Inc. (NYSE:DATA) Q4 2018 Earnings Conference Call Transcript


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Good afternoon. My name is Sheryl and I will be your conference operator today. At this time, I would like to welcome everyone to Tableau's Fourth Quarter and Fiscal Year 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. (Operator Instructions)

I'd now like to turn the call over to Derek Wong, Senior Director in Investor Relations.

Derek Wong

Thanks, Sheryl. Good afternoon and thank you, everyone, for joining Tableau's fourth quarter 2018 earnings conference call. With me on the call today are Adam Selipsky, Tableau's President and Chief Executive Officer; and Damon Fletcher, Tableau's Chief Financial Officer. Our press release was issued earlier today and is posted on our website. This call is being broadcast live via webcast. Following the call, an audio replay will be available on the investor relations section of our website. Adam and Damon will begin with prepared remarks and then we'll open the call for questions.

Before we begin, I would like to remind you that during today's call, we will be making forward-looking statements regarding future events and financial performance, including our guidance for the first quarter and fiscal year 2019 as well as certain long-term financial targets. We caution you that such statements reflect our best judgement based on factors currently known to us and that the actual events or results could differ materially. Please refer to the documents we file from time to time with the SEC. In particular, our most recently filed quarterly report on Form 10-Q and our annual report on Form 10-K.

These documents contain and identify important risk factors and other information that may cause our actual results to differ from those contained in our forward-looking statements. Any forward-looking statements made during this call are being made as of today. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available.

During the call, we will also discuss non-GAAP financial measures. These non-GAAP financial measures are not prepared in any accordance with generally accepted accounting principles. A reconciliation of the GAAP and non-GAAP results are provided in today's press release. The financial outlook that we have provided today excludes stock-based compensation expense, which cannot be determined at this time and are therefore not reconciled in today's press release.

I'd also like to remind everyone that starting with the first quarter of 2018, we adopted a new revenue recognition accounting standard, otherwise referred to as ASC 606 on a modified retrospective basis. This means that results for reporting periods beginning on or after January 1st, 2018, are presented under the new revenue recognition standard, while prior period amounts before January 1st, 2018, are