Procore Technologies Inc. (NYSE:PCOR) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET

Company Participants

Matthew Puljiz - VP of IR

Craig Courtemanche - Founder, Chairman, CEO & President

Paul Lyandres - CFO & Treasurer

Conference Call Participants

Dylan Becker - William Blair

Saket Kalia - Barclays

Adam Borg - Stifel

Kash Rangan - Goldman Sachs

Brent Thill - Jefferies

Matthew Broome - Mizuho Securities

Jason Celino - KeyBanc

Mauro Molina - Piper Sandler

Operator

Good afternoon. Thank you for attending today's Procore Technologies FY '22 Q1 Earnings Call. My name is Tia, and I'll be your moderator for today's call. [Operator Instructions]

I would now like to turn the call over to Matthew Puljiz, Vice President of FP&A and Investor Relations with Procore Technologies. You may proceed.

Matthew Puljiz

Thanks. Good afternoon, and welcome to Procore's 2022 First 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, the 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, May 4, 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.

With that, let me turn the call over to Tooey.

Craig Courtemanche

Thanks, Matt, and thank you, everyone, for joining us today. First and foremost, I want to start by acknowledging the events occurring in Ukraine and throughout the region. Although our business has very limited exposure in the region, this situation is devastating, and our thoughts and support are with the people of Ukraine. Procore is continuing to find ways to assist and be helpful where possible.