SolarWinds, Inc. (NYSE:SWI) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 05:00 pm ET


SolarWinds, Inc. (NYSE:SWI) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the SolarWinds Second Quarter 2020 Earnings Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Mr. Howard Ma, Senior Director of Investor Relations. Thank you. Please go ahead, sir.

Howard Ma

Thank you, operator. Good afternoon, everyone, and welcome to SolarWinds Second Quarter 2020 Earnings Call. With me today are Kevin Thompson, President and CEO; and Bart Kalsu, Executive Vice President and Chief Financial Officer. Following prepared remarks from Kevin and Bart, we'll have a brief question-and-answer session.

This call is being simultaneously webcast on our Investor Relations website at On our Investor Relations website, you can also find our earnings press release, a press release regarding the potential spinoff of our MSP business and a summary slide deck, which is intended to supplement our prepared remarks during today's call and provides the reconciliation of differences between GAAP and non-GAAP financial measures.

Please remember that certain statements made during this call are forward-looking statements, including, without limitation, those concerning our financial outlook, our market opportunities, the impact of the COVID-19 pandemic and related global economic environment on our business and a potential spin-off of our MSP business into a newly-created and separately-traded public company and our preliminary strategic, operational and financial considerations related to the potential spin-off. These statements are subject to a number of risks and uncertainties and could cause actual results to differ materially from those forward-looking statements.

Factors that could cause or contribute to such differences include, but are not limited to, the numerous risks related to the potential spin-off of our MSP business into a newly created and separately public company, including that the process of exploring the spin-off and potentially completing the spinoff could disrupt or adversely affect the consolidated or separate businesses results of operations and financial condition, that the spinoff may not achieve some or all of any anticipated benefits with respect to either business, and that the spinoff may not be completed in accordance with our expected plans or anticipated time lines or at all, and the possibility that the global COVID-19 pandemic may adversely affect our business, results of operations and financial condition.

In addition, we are currently exploring the spinoff and has not been approved by our Board of Directors and our statements with respect thereto are preliminary in nature and subject to change as additional information becomes available and as we consider and plan further the future strategic, operational, financial and capital objectives, profiles and structures of the two businesses.

For more information, please refer to the risk factors discussed in today's related press releases and our SEC filings, including our most recently filed Form 10-K and Form 10-Q and a Form 10-Q for the second quarter of 2020 that we plan to file by August 10, 2020. These statements are also based on currently available information, and we undertake no duty to update this information except as required by law. Unless otherwise