Symantec Corporation (NASDAQ:SYMC) Q4 2019 Earnings Conference Call - Final Transcript

May 09, 2019 • 05:00 pm ET


Symantec Corporation (NASDAQ:SYMC) Q4 2019 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen. My name is Ian, and I will be your conference operator today. At this time, I would like to welcome everyone to Symantec's Fourth Quarter and Full Year Fiscal Year '19 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question-and-answer session. (Operator Instructions)

Thank you. I'd now like to turn the call over to the Vice President of Investor Relations, Ms. Cynthia Hiponia. Ma'am you may begin.

Cynthia Hiponia

Thank you, Ian, and good afternoon. This is Cynthia Hiponia, Vice President of Investor Relations at Symantec, and I'm pleased to welcome you to our call to discuss our fourth quarter and full year fiscal 2019 earnings results. We posted the earnings materials to our IR events webpage. Speakers on today's call are Rick Hill, Symantec's Interim President and CEO and Nick Noviello, our Executive Vice President and CFO. This call will be available for replay via the webcast on our website.

I'd like to remind everyone that all references to financial metrics are non-GAAP, unless otherwise stated. Please refer to the supplemental materials posted on the IR website for further definitions of our non-GAAP metrics. Please note, non-GAAP financial metrics referenced during this call are reconciled to their comparable GAAP financial measures in the press release and supplemental materials posted on our website. We belive our presentation of non-GAAP financial measures when taken together with corresponding GAAP financial measures provide meaningful supplemental information regarding our operating performance for reasons discussed below. Our management team uses those non-GAAP financial measures in assessing our operating results, as well as when planning and forecasting future periods.

We believe our non-GAAP financial measures also facilitate comparisons of our performance to prior periods and that investors benefit from understanding our non-GAAP financial measures. Non-GAAP financial measures are supplemental and should not be considered as substitute for financial information presented in accordance with GAAP. Also, please note, we have changed the name of our Consumer segments to Consumer Cyber Safety.

Today's call contains forward-looking statements based on conditions as we currently see them. Those statements are based on current beliefs, assumptions and expectations, speak only as of the current date, and as such, involve risks and uncertainties and actual results to differ materially from current expectations. Please refer to the cautionary statements in our press release for more information. You will also find a detailed discussion of our risk factors in our filings with the SEC, and in particular in our annual report on Form 10-K for the fiscal year ended March 30, 2018 and our recently filed quarterly reports on Form 10-Q.

With that, let me now turn the call over to Rick.

Richard S. Hill

Thank you. Cynthia. Good afternoon, ladies and gentlemen, and thank you for joining the Symantec fiscal year 2019 fourth quarter and year-end conference call. It's a pleasure to be with you this afternoon, and it's even a greater pleasure to be asked by Greg