Q2 Holdings, Inc. (NYSE:QTWO) Q1 2020 Earnings Conference Call - Final Transcript

May 07, 2020 • 08:30 am ET


Q2 Holdings, Inc. (NYSE:QTWO) Q1 2020 Earnings Conference Call - Final Transcript


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Good morning. My name is Lisa, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Q2 Holdings' First Quarter and 2020 Financial Results Conference Call. All lines have been place on mute to prevent any background noise. After the speakers' remarks, there will be question-and-answer session. [Operator instructions]

Thank you. I will now turn the call over to Steve Calk, Director of Investor Relations. Sir, please begin.

Steve Calk

Thank you, operator. Good morning, everyone, and thank you for joining us for our first-quarter 2020 conference call. With me is Matt Flake, our CEO; and Jennifer Harris, our CFO.

This call contains forward-looking statements that are subject to significant risks and uncertainties, including the future operating and financial performance of Q2 Holdings. Actual results may differ materially from those contemplated by these forward-looking statements, and we can give no assurance that such expectations or any of our forward-looking statements will prove to be correct. Important factors that could cause actual results to differ materially from those reflected in the forward-looking statements are included in our periodic reports filed with the SEC, including our most recent annual report on Form 10-K and subsequent filings, and the press release distributed yesterday afternoon regarding the financial results we will discuss today. Forward-looking statements that we make on this call are based on assumptions only as of the date discussed. Investors should not assume that these statements will remain operative at a later time, and we undertake no obligation to update any such forward-looking statements discussed in this call.

Also, unless otherwise stated, all financial measures discussed on this call will be on a non-GAAP basis. A discussion of why we use non-GAAP financial measures and a reconciliation of the non-GAAP measures to the most comparable GAAP measures is included in our press release, which may be found on the investor relations section of our website and in our Form 8-K filed with the SEC yesterday afternoon.

Let me now turn the call over to Matt.

Matt Flake

Thanks, Steve, and thanks to everyone for joining the call today. Obviously, we are in unprecedented times. The rapid spread of the coronavirus has forced all of us to change how we work, live and bank. So on today's call, I will provide a brief update on our first-quarter performance, but I'll spend the majority of my prepared remarks discussing the impacts of the COVID-19 pandemic on our employees and our customers and how we are responding.

Before I begin, I'd just like to say that I'm incredibly proud and encouraged by how our employees have responded to this crisis. It's in trying times like these that we rally around our mission, and I'm inspired by the work our teams have been doing to expand and ensure availability of critical digital banking systems while working almost entirely remotely. I would also like to thank all the first responders and healthcare professionals who everyday put themselves in harm's way to protect and care