MicroStrategy Incorporated (NASDAQ:MSTR) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET

Company Participants

Shirish Jajodia - Head of Investor Relations & Treasury

Michael Saylor - Chairman & Chief Executive Officer

Phong Le - President

Andrew Kang - Senior Executive Vice President & Chief Financial Officer

Conference Call Participants

Shirish Jajodia

Hello, everyone, and good evening. I am Shirish Jajodia, Head of Investor Relations and Treasury at MicroStrategy. I will be your moderator for MicroStrategy's 2022 Second Quarter Earnings Webinar.

Before we proceed, I will read the Safe Harbor statement. Some of the information we provide during today's call regarding our future expectations, plans and prospects may constitute forward-looking statements. Actual results may differ materially from these forward-looking statements due to various important factors, including the risk factors discussed in our most recent 10-Q filed with the SEC. We assume no obligation to update these forward-looking statements, which speak only as of today.

Also, during today's call, we will refer to certain non-GAAP financial measures. Reconciliations showing GAAP versus non-GAAP results are available in our earnings release and presentation, which were issued today and are available on our website microstrategy.com.

I would like to welcome you all to today's webinar and let you know that we will taking questions using the Q&A feature at the bottom of your screen. You can submit questions throughout the webinar, and Michael, Phong or Andrew will answer questions at the end of the session. Please be sure to provide your name and your company's name when submitting your questions.

Now I will walk you through the agenda for today's call. First, Michael Saylor will provide a strategic review and discuss our recently announced executive transition. Second, Phong Le, we'll cover the operational results for second quarter 2022. Then Andrew Kang will cover the financial results for second quarter 2022. And lastly, we will open up to Q&A.

With that, I will turn the call over to Michael Saylor, Chairman and CEO of MicroStrategy. Michael?

Michael Saylor

Thank you, Shirish. I'm Michael Saylor. I'm the Chairman and CEO of MicroStrategy. I'd like to welcome all of you to today's webinar regarding our 2022 second quarter financial results. First, I'd like to provide a strategic review.

As you know, MicroStrategy has two corporate strategies. The first is to operate and grow our enterprise analytics business. The second is to acquire a whole Bitcoin. We've made great strides in both areas over the past two years. We've digitally transformed our sales, marketing and services. We've upgraded our enterprise BI platform and we've migrated many of our customers to our integrated cloud intelligence offering.