Open Text Corporation (NASDAQ:OTEX) Q1 2020 Earnings Conference Call - Final Transcript

Oct 31, 2019 • 05:00 pm ET


Open Text Corporation (NASDAQ:OTEX) Q1 2020 Earnings Conference Call - Final Transcript


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Thank you for standing by. This is the conference operator. Welcome to the OpenText Corporation First Quarter Fiscal 2020 Conference Call. [Operator Instructions]

I would now like to turn the conference over to Harry Blount, Senior Vice President, Investor Relations. Please go ahead.

Harry Blount

Thank you operator, and good afternoon everyone. On the call today is OpenText Chief Executive Officer and Chief Technology Officer, Mark J Barrenechea; and our Executive Vice President and Chief Financial Officer, Madhu Ranganathan.

We have some prepared remarks, which will be followed by a question-and-answer session. This call will last approximately 60 minutes, with a replay available shortly thereafter. I would like to take a moment and direct investors to the Investor Relations section of our website, where we have posted two presentations that will supplement our prepared remarks today.

First, our strategic overview titled OpenText Investor Presentation, and the second titled Q1 FY 2020 Financial and Business Results, includes information and financials specific to our quarterly results, notably, our updated quarterly factors on page number seven.

In November and December, OpenText management is pleased to meet with investors throughout Canada, the US and Europe, and we look forward to attending the following conferences. The Bernstein Technology Innovation Summit on November 6 in New York, the TD Securities Technology Conference on November 14 in Toronto, the RBC Capital Markets TIMT Conference on November 19 in New York, the Credit Suisse Technology Conference on December 3 in Scottsdale, and The NASDAQ Investor Conference held in association with Morgan Stanley on December 4 in London, and also the Barclays Global Technology Media and Telecom Conference on December 11 and 12 in San Francisco. Please feel free to reach out to me or the IR team for additional information.

And now I'll proceed with the reading of our Safe Harbor statement. Please note that during the course of this conference call, we may make statements relating to the future performance of OpenText that contain forward-looking information. While these forward-looking statements represent our current judgment, actual results could differ materially from a conclusion, forecast or projection in the forward-looking statements made today.

Certain material factors and assumptions were applied in drawing any such statement. Additional information about the material factors that could cause actual results to differ materially from a conclusion, forecast or projection in the forward-looking information, as well as risk factors that may project future performance results of OpenText are contained in OpenText's recent Form 10-K and 10-Q, as well as in our press release that was distributed earlier this afternoon, which may be found on our website. We undertake no obligation to update these forward-looking statements, unless required to do so by law.

In addition, our conference call may include discussions of certain non-GAAP financial measures, reconciliations of any non-GAAP financial measures to their most directly comparable GAAP measures may be found within our public filings and other materials which are available on our website.

And with that, I'll hand the call over to Mark.

Mark J. Barrenechea

Thank you,