Workiva Inc. (NYSE:WK) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 05:00 pm ET


Workiva Inc. (NYSE:WK) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon, my name is Dtamara and I will be your conference operator today. At this time, I would like to welcome everyone to the Workiva Incorporated Third Quarter 2019 Earnings Conference Call. [Operator Instructions]

Thank you. I'll turn the call over to Adam Terese, Director of Investor Relations. Please go ahead.

Adam Terese

Good afternoon, everyone. Thank you for joining us for Workiva's Third Quarter 2019 Earnings Conference Call. This afternoon, we'll begin with comments from our Chief Executive Officer, Marty Vanderploeg followed by our Chief Financial Officer, Stuart Miller, and then we will turn the call over to questions. Also on the line today is Jill Klindt, Chief Accounting Officer.

A replay of this call will be available until November 13th. Information to access the replay is listed in today's press release which is available on our website under the Investor Relations section. As a reminder, today's conference call is also being broadcast live via webcast. Before we begin, I would like to remind everyone that during today's call, we'll be making forward-looking statements regarding future events and financial performance, including guidance for our fourth quarter and full fiscal year 2019. These forward-looking statements are subject to known and unknown risks and uncertainties.

Workiva cautions that these statements are not guarantees of future performance. All forward-looking statements made today reflect our current expectations only and we undertake no obligation to update any statement to reflect the events that occur after this call. Please refer to the Company's annual report on Form 10-K and quarterly report on Form 10-Q for factors that could cause our actual results to differ materially from any forward-looking statements.

Also during the course of today's call, we will refer to certain non-GAAP financial measures. Reconciliations of non-GAAP to GAAP measures and certain additional information are also included in today's earnings press release. With that, we'll begin -- let me turn the call over to our CEO, Marty Vanderploeg.

Martin J. Vanderploeg

Thank you, Adam. And thanks to everyone for joining the Workiva third quarter 2019 conference call, which is our 20th quarterly financial release as a public company. We are proud of our third quarter, which exceeded guidance for revenue and operating results.

In our last call, we discussed our four growth vectors, Wdata, EMEA, integrated risk and global statutory reporting. We are pleased with our progress this quarter across all four vectors. Wdata is increasing the number and size of deals across many of our solutions because it enables our customers to integrate their systems and applications with our platform. With new capabilities, including automatic data updates, workflows, improved connectivity and risk and controls integration, Wdata is changing the way people work. The city of Missoula's Financial Reporting supervisor spoke at our User Conference in September about how he previously copied and pasted up to 60,000 lines of data and then hand checked the resulting reports. Now the city uses Wdata to automatically update their reports from their source systems daily, saving time and reducing errors.

Demand for our