Proofpoint, Inc. (NASDAQ:PFPT) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 04:30 pm ET


Proofpoint, Inc. (NASDAQ:PFPT) Q2 2020 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and welcome to the Proofpoint Second Quarter 2020 Earnings Results Conference Call. This call is being recorded.

At this time, I would like to hand the conference over to Mr. Jason Starr, Vice President, Investor Relations. Please go ahead.

Jason Starr

Thanks Lisa. Good afternoon, and welcome to Proofpoint's second quarter 2020 earnings call. Today we'll be discussing our results for the second quarter as detailed in the press release that we issued after the market close this afternoon, a copy of which is available on the Investor Relations section of our website.

Joining me on the call are Gary Steele, Proofpoint's Chief Executive Officer and Chairman of the Board; and Paul Auvil, Proofpoint's Chief Financial Officer.

During the course of this call, we will make forward-looking statements regarding future events and future financial performance of the Company, which are subject to material risks and uncertainties that could cause actual results to differ materially. Of note, we believe that the COVID-19 crisis creates additional complexity when it comes to providing a forward-looking view of the business, and we are providing our guidance on a good faith basis for recent SEC recommendations. We caution you to consider the important risk factors contained in the press release and on this conference call. These risk factors are also more fully detailed under the caption Risk Factors in Proofpoint's filings with the SEC, including our most recent Form 10-Q. These forward-looking statements are based on assumptions that we believe to be reasonable as of today's date, July 30, 2020. We undertake no obligation to update these statements as a result of new information or future events. Also it is Proofpoint's policy to neither reiterate nor adjust the financial guidance provided on today's call unless it is done through a public disclosure such as a press release or through the filing of a Form 8-K.

We will present both GAAP and non-GAAP financial measures on today's call. These non-GAAP measures exclude a number of items as set forth in our release. These non-GAAP measures are not intended to be considered in isolation from, a substitute for or superior to our GAAP results, and we encourage you to consider all measures when analyzing Proofpoint's performance. A reconciliation of GAAP to non-GAAP measures and a list of the reasons why the Company uses these non-GAAP measures are included in today's press release.

Finally, in addition to reading our press releases and SEC filings, we encourage investors to also monitor the Investors section of our website at as we routinely post investor-oriented information such as news and events, financial filings, webcasts, presentations and other relevant materials to it.

So with that said, I'll turn the call over to Gary.

Gary Steele

Thanks Jason. I'd like to thank everyone for joining us on the call today. We are very pleased with our second quarter results, which came in above our expectations on all metrics, and we are excited to raise guidance for the year, as Paul will detail