Carbon Black, Inc. (NASDAQ:CBLK) Q1 2019 Earnings Conference Call - Final Transcript

May 02, 2019 • 05:00 pm ET


Carbon Black, Inc. (NASDAQ:CBLK) Q1 2019 Earnings Conference Call - Final Transcript


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Good afternoon ladies and gentlemen and welcome to the Carbon Black 2019 Earnings Quarter Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference call is being recorded.

I would now like to turn the call over to your host Mr. Steve Webber, Chief Financial Officer. You may begin.

Steve Webber

Thank you, Natasha. Good afternoon and thank for joining us today to review Carbon Black's First Quarter 2019 Financial Results, which we announced in our press release issued after the close of market today. Joining me on the call today is Patrick Morley, Carbon Black's CEO.

During this call, we may make statements related to our business that are forward-looking under federal securities laws and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Including statements related to our financial results, statements regarding management's expectations of future financial and operational performance, operational expenditures, expected growth and business outlook, including guidance for the second fiscal quarter and full year 2019, industry and market trends and projections, our go-to-market and growth strategies, our market opportunity and ability to expand our leadership position and expand into adjacent security markets with our platform, the competition that we face in our market, our ability to maintain and upsell existing customers, our ability to acquire new customers and the anticipated benefits of our platform. The words anticipate, continue, estimate, expect, intend, will, and similar expressions, are intended to identify forward-looking statements or similar indications of future expectations. These statements reflect our views only as of today and should not be reflected upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.

For discussion of the material risks and other important factors that could affect our actual results, please refer to those listed in our Form 10-Q for the first quarter of 2019, which we filed with the SEC this afternoon. These documents are available in the Investor Relations section of our website at A replay of this call will also be available for a limited time. Additionally, non-GAAP financial measures will be discussed on this conference call. Please refer to the tables in our earnings release and the Investor Relations portion of our website for a reconciliation of these measures to their most directly comparable GAAP financial measure.

With that, I'd like to turn the call over to Patrick.

Patrick Morley

Thanks Steve, and thanks to all of you for joining us today on our first quarter 2019 earnings call. Before I begin, I would like to welcome Steve to his first earnings call, as Carbon Black CFO. I'm excited to have him join our team.

Before I review our performance in more detail, let's quickly look at our financial results for the quarter. We generated total