NortonLifeLock Inc. (NASDAQ:NLOK) Q3 2020 Earnings Conference Call - Preliminary Transcript

Feb 06, 2020 • 05:00 pm ET

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NortonLifeLock Inc. (NASDAQ:NLOK) Q3 2020 Earnings Conference Call - Preliminary Transcript

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Presentation
Operator
Operator

Yeah. Okay. Yeah. Okay. Okay. Yeah. Yeah. Okay. Yeah. Welcome to Norton LifeLock so Fiscal 3rd Quarter 2012 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. At that time. If you'd like to ask a question, you may do so by pressing star one to enter the queue. If you'd like to withdraw your question press the pound key. Thank you. I would now like to turn the call over to the Head of Investor Relations, Suzanne Kim. Thank you. You may begin. Thank you. I'm pleased to welcome you to our call to discuss our 3rd quarter fiscal year 2020 earnings results we posted the earnings material and slides to our Investor Relations Events webpage speakers on today's call are Vincent Pilette Norton LifeLock CEO some of your Korea President and Matt Brown Interim CFO. This call will be available for replay via webcast on our website. As a reminder, in connection with the sale of certain assets of our Enterprise Security business to Broadcom in November 4 2019. We changed our corporate name to simply from Symantec Norton life. The results of our enterprise business were classified as discontinued operations in our condensed consolidated statements of operations and thus excluded from both continuing operations and segment results for all periods presented starting in the second quarter fiscal 2020. We operate in one reportable segment. Revenues and associated costs of our ID Analytics Solutions, which were formerly included in the enterprise curious segment are now included in our remaining reportable segment. On 31-2020 we completed the sale of our ID Analytics Solutions. 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 Investor Relations website for further that finished Of our non-GAAP metrics. Please note, non-GAAP financial measures referenced during this call are reconciled to their comparable GAAP financial measures in the press release and supplemental materials posted on our website. We believe our presentation of non-GAAP financial measures. When taken together with the corresponding GAAP financial measures provide meaningful supplemental information regarding our operating performance for reasons discussed below our management team uses these non-GAAP financial measures in assessing our operating results as well as 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 as supplemental and should not be considered as a substitute for financial information presented in accordance with GAAP. Today's call contains forward-looking statements based on conditions we currently see those statements are based on current beliefs, assumptions and expectations speak only as of the current date, and as such, involve risks and uncertainties that may cause actual results to differ materially from our current expectations. In particular, our statements regarding our sale of our enterprise security assets to Broadcom and