Procore Technologies Inc (NYSE:PCOR) Q3 2022 Results Conference Call November 2, 2022 5:00 PM ET

Company Participants

Matthew Puljiz - VP of IR

Tooey Courtemanche - Founder, Chairman, CEO and President

Paul Lyandres - CFO and Treasurer

Conference Call Participants

Sterling Auty - MoffettNathanson

DJ Hynes - Canaccord

Mike Richards - Stifel

Dylan Becker - William Blair

Ken Wong - Oppenheimer

Brent Bracelin - Piper Sandler

Joe Goodwin - JMP Securities

Brent Thill - Jefferies

Jason Celino - KeyBanc

Operator

Good afternoon. Thank you for attending the Procore Technologies Fiscal Year 2022 Q3 Earnings Call. [Operator Instructions]

I would now like to pass the conference over to your host, Matthew Puljiz with Procore Technologies. Thank you. You may proceed.

Matthew Puljiz

Thanks. Good afternoon, and welcome to Procore's 2022 Third Quarter Earnings Call. I'm Matthew Puljiz, VP of FP&A and Investor Relations. With me today are Tooey Courtemanche, Founder, President and CEO; and Paul Lyandres, CFO. A complete disclosure of our results can be found in our press release issued today, which is available on the Investor Relations section of our website.

Today's call is being recorded, and a replay will be available following the conclusion of the call. Comments made on this call may include forward-looking statements regarding our financial results, products, customer demand, operations, impact of COVID-19 on our business and other matters. These statements are subject to risks, uncertainties and assumptions and are based on management's current expectations as of today, November 2, 2022. Procore undertakes no obligation to update any forward-looking statements to reflect new information or unanticipated events, except as required by law. If this call is replayed or viewed after today, the information presented during the call may not contain current or accurate information.

Therefore, these statements should not be relied upon as representing our views as of any subsequent date. We'll also refer to certain non-GAAP financial measures to provide additional information to investors. A reconciliation of non-GAAP to GAAP measures is provided in our press release. Additionally, we may refer to certain results as organic, which we generally define as business performance or results that exclude the acquisition of Levelset. However, with respect to our customer count metrics, we define organic to mean customers under Procore contracts.

And with that, let me turn the call over to Tooey.

Tooey Courtemanche

Thanks, Matt, and thank you all for joining us today. As you all probably saw from our earnings release, we had an excellent quarter. Paul is going to elaborate on this further in just a few moments. But I I'd like to characterize the quarter as feeling like a good Q4 in terms of big deal momentum. I am so proud of the team for the performance they delivered and I'm especially grateful to all of our customers who continue to partner with us and place their trust in us.