Citrix Systems, Inc. (NASDAQ:CTXS) Q3 2019 Earnings Conference Call - Final Transcript

Oct 24, 2019 • 10:30 am ET


Citrix Systems, Inc. (NASDAQ:CTXS) Q3 2019 Earnings Conference Call - Final Transcript


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So, good morning, everyone, and thanks so much for joining us today. Earlier this morning, we reported our 3Q fiscal 2019 results. You can see those on our earnings number that are posted on our Investor Relations website and have been furnished with the SEC. Also all of today's Analyst Day materials are currently posted on our Investor Relations site as well. On the front page, please scroll to the bottom, you'll see view all of the slides that will be presented here today.

We know it's a busy time right here in the heart of earnings season, so we've tried to keep the content tight, while also addressing a lot of the fundamental questions you all have been asking over the last year. This meeting has been, as you know, in the works for quite some time. But we're pleased this morning; you'll be able to hear from our most seasoned executives as well as the newest members of our executive leadership team.

So, following the presentations from David, PJ, Mark, and Arlen, we'll have everyone grab some lunch that'll be set up in a buffet outside come back eat your lunch in here and we'll do a question-and-answer afterwards. And then we'll ask that you hold your questions until a mic gets to you so that we can hear it on the webcast.

As you would expect, we'll be making a number of forward-looking comments. Let me switch to the forward-looking statements where we inherently have risks and uncertainties. For this and more information on the reconciliation of GAAP to non-GAAP measures, please see the back of the presentation material that's on the website or with our most recently filed SEC documents. This event is being webcast and is available for replay.

And with that, I will turn it over to David Henshall, our President and CEO.

David J. Henshall

Thanks, Traci, and good morning everybody. It's great to see a packed house here and also welcome to, everybody that's joining us live on the web around the world. So as Traci said, we're going to give a formal update on the business and talk a little bit about -- more about really just the, we've got the operations, the products and the financial outcomes, not just of where we are right now, but the status on the transformation we've been driving across this organization over the last couple of years. And then how to think about the rate and pace over the next, really over the next -- really over the next five years or so.

Also give me a chance to introduce a couple of new members to the leadership team. Really excited to have these folks joining the team in their new roles. Right after me you'll hear from PJ Hough. PJ has been with us for about three years now. Some of you actually know PJ. PJ is our Chief Product Officer, who runs all products across the company.

Mark Schmitz will come and talk about operations also