BlackLine, Inc. (NASDAQ:BL) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 05:00 pm ET


BlackLine, Inc. (NASDAQ:BL) Q3 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Q3 2019 BlackLine Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Alexandra Geller, Vice President of Investor Relations. Please go ahead, madam.

Alexandra Geller

Good afternoon, and thank you for your participation, today. With me on the call is Therese Tucker, Founder and Chief Executive Officer of BlackLine; and Mark Partin, Chief Financial Officer.

Before we get started, I would like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives and expected performance, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our outlook only as of the date of this call. While we believe any forward-looking statements we have made are reasonable, actual results could differ materially because the statements are based on our current expectations and are subject to risks and uncertainties. We do not undertake and expressly disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Also, unless otherwise stated, all financial measures discussed on this call will be non-GAAP. A discussion of why we use non-GAAP financial measures and information regarding reconciliations of our GAAP versus non-GAAP results is currently available in our press release, which may be found on our Investor Relations website at or on our Form 8-K filed with the SEC today.

Now, I will turn the call over to Therese to begin.

Therese Tucker

Good afternoon everyone and thank you for joining us today. We are pleased with our performance in Q3, which saw strong demand across all areas of the business as more companies embrace digital transformation. We continue to drive success for our customers and demonstrated another quarter of solid execution on our strategic initiatives and long-term goals.

This September, we hosted our North America InTheBlack User Conference with more than 1,700 attendees, representing our largest conference to-date. The event was held in Los Angeles and generated significant value for our customers, partners, and prospects. Many of you that attended our Investor Day were able to witness this firsthand. The four-day conference continues to be one of the great thought leadership opportunities for finance and accounting professionals to gain best practices from BlackLine experts, employees, partners and their peers.

This year at the conference, more than ever, I noticed a recurring theme that companies are seeking guidance on best practices from BlackLine in order to execute on their digital transformation journeys. Our customers are at all different stages of their accounting and finance journey.

For customers who have been with us for years and have recognized the value