ForeScout Technologies, Inc. (NASDAQ:FSCT) Q1 2019 Earnings Conference Call Transcript

May 09, 2019 • 04:30 pm ET

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ForeScout Technologies, Inc. (NASDAQ:FSCT) Q1 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good day, ladies and gentlemen, and welcome to the ForeScout Technologies First Quarter 2019 Financial Results Conference Call. With us today from ForeScout are Chief Financial Executive and President, Michael DeCesare, Chief Financial Officer, Criss Harms, and Chief Communications Officer, Michelle Spolver. At this time, I would like to turn the call over to Michelle Spolver. Please go ahead.

Executive
Michelle Spolver

Thank you, operator, and thank you all for joining us on today's conference call to discuss our financial results for the first quarter of 2019 and provide guidance for the second quarter and full-year 2019. This call is being broadcast live over the Internet and can be accessed from the Investor Relations section of ForeScout's website at www.investors.forescout.com.

A few minutes ago, we issued a press release announcing our financial results for the first quarter of 2019, as well as guidance for the second quarter and full-year 2019. The release can be found on our Investor Relations website, along with supplemental financial information that accompanies today's remarks.

Before we begin, let me remind you that we will make forward-looking statements during this call, including statements relating to ForeScout's guidance and expectations for the second quarter and full-year 2019. The market for our products, including its potential size, maturity, business growth factors and customer demand for our products; our products and services releases; our competitive position; changes in the threat landscape and security industry; the ramping and success of our sales organization; and our growth, profitability and the impact of the SecurityMatters acquisition on our market and opportunity.

These forward-looking statements involve risks and uncertainties, some of which are beyond our control, which could cause actual results to differ materially from those anticipated by these statements. These forward-looking statements apply only as of today, and we undertake no obligation to update these statements in the future. For a detailed description of the risks and uncertainties, please refer to our SEC filings as well as our earnings release. Copies of these documents may be obtained from the SEC or by visiting the Investor Relations section of our website.

Additionally, certain non-GAAP financial measures will be discussed on this call. We have provided reconciliations of these non-GAAP financial measures against the most directly comparable GAAP financial measures in the Investor Relations section of our website, as well as in our earnings release.

Before I turn the call over to Mike, I'd like to mention that this quarter, we'll be attending the J.P. Morgan Technology Conference on May 14 and the Bank of America TMT Conference on June 4.

And now let me hand things over to Mike to discuss our business and provide a review of our first-quarter performance.

Executive
Michael DeCesare

Thanks, Michelle, and thanks to everyone for joining us on the call today. We had a great start to the year as we continue to build on our momentum, capitalizing on the market tailwinds, device visibility and control and diversification across our business. I'll share more on this in a few minutes, but first, let review