Paylocity Holding Corporation (NASDAQ:PCTY) Q3 2018 Earnings Conference Call - Preliminary Transcript

May 03, 2019 • 05:00 pm ET

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Paylocity Holding Corporation (NASDAQ:PCTY) Q3 2018 Earnings Conference Call - Preliminary Transcript

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Presentation
Operator
Operator

Good day ladies and gentlemen, and welcome to the Paylocity Holding Corporations's Third quarter Fiscal 2018 Results Conference Call. At this time all participants are in a listen only mode. [Operator Instructions] Later we will conduct a question and answer session and instructions will follow at that time. As a reminder, today's conference may be recorded. I'd now like to introduce your host for today's conference. Mr. Ryan Glenn, Senior Director of Finance and Investor Relations. Sir please go ahead.

Executive
Ryan Glenn

Good afternoon, and welcome to Paylocity's earnings results call for the third quarter of fiscal 2018, which ended on March 31, 2018. I'm Ryan Glenn, Senior Director of Finance and Investor Relations and joining me on the call today is Steve Beauchamp, CEO of Paylocity and Toby Williams, CFO Paylocity. Today we will be discussing the results announced in our press release issued after the market closed. A webcast replay of this call will be available for 45 days on our website under the investor relations tab. Before beginning we must caution you that today's remarks in this discussion, including statements made during the question and answer session contain forward looking statements. These statements are subject to numerous important factors, risks and uncertainties, which could cause actual results to differ from the results implied by these are other forward looking statements.

Also, these statements are based solely on the present information and are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward looking statements. For additional information, please refer to our filings with the Securities and Exchange Commission for the risk factors contained therein and other disclosures. We do not undertake any duty to update any forward looking statements. Also, during the course of today's call, we will refer to certain non-GAAP financial measures. We believe that non-GAAP measures are more representative of how we internally measure the business and there's a reconciliation schedule detailing these results currently available in our press release, which is located on our website at paylocity.com under the investor relations tab, and filed with the Securities and Exchange Commission.

The non revenue financial measures we will discuss today are non-GAAP unless we state the measure as GAAP. Please note that we are unable to reconcile any forward looking non-GAAP financial measure to their directly comparable GAAP financial measure because the information which is needed to complete a reconciliation is unavailable at this time without unreasonable effort. In regards to our upcoming conference schedule. Toby and I will be attending the SunTrust 2018 internet and digital media conference in San Francisco on May 8. Steve will be attending the Baird global consumer technology and services conference in New York on June 6, and Steven Toby will be attending the William Blair growth conference in Chicago on June 12. With that, let me turn the call over to Steve.

Executive
Steve Beauchamp

Thank you, Ryan. And thanks to all of you for joining us on our third quarter fiscal 2018 earnings