Vocera Communications, Inc. (NYSE:VCRA) Q2 2020 Earnings Conference Call - Final Transcript

Jul 27, 2020 • 05:00 pm ET


Vocera Communications, Inc. (NYSE:VCRA) Q2 2020 Earnings Conference Call - Final Transcript


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Justin Spencer

levels, and we see many of them continuing to be cautious with spending and new projects. Despite this continued uncertainty, we are fully engaged to help our customers during this crisis. Our recurring revenue and loyal customer base, along with a solid sales pipeline and healthy backlog and deferred revenue, provide a strong foundation for growth.

I'll now turn it back to Brent.

Brent D. Lang

Thanks, Justin. As we begin the second half of the year, there are still pandemic related challenges that none of us can fully predict at this time, but I'm really proud of what we've accomplished so far. Our business is performing well, and our solution is in high demand. We have a broad set of products that are better suited to today's environment than ever before, and I'm inspired by the ability and commitment of our team.

I am grateful that we have a resilient business with a strong cash balance and robust demand for our unique solution that is so relevant during this crisis. At Vocera, safety is core to our mission. Our Q2 and first half performance underscore our leadership in this large and untapped market. While there may be some uncertainty for our business ahead as hospitals grapple with their budgets and the new reality of delivering care, we believe that we are well-positioned for success.

Our value proposition, illustrated by the ROI of our case studies, the innovation in our new products, the expertise of our enhanced sales engine, and our deep clinical experience will enable us to lead our customers toward improving hospital preparedness, efficiency, quality of care and safety. I want to conclude by thanking the entire Vocera team and by saying we value our relationships with the investment community. Our whole team here extends our best thoughts for you, your teams and your families. With that, we're ready to conclude our formal remarks. Thank you for listening today.

Operator, we are ready to open the line for questions. Thank you very much.