Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET

Company Participants

Sean Anthony - VP, Corporate FP&A

Anthony Jabbour - CEO

Bryan Hipsher - CFO

Conference Call Participants

Jon Rau - Wells Fargo

Kyle Peterson - Needham

Gus Gala - Truist

Heather Balsky - Bank of America

Hans Hoffman - Jefferies

Faiza Alwy - Deutsche Bank

Andrew Steinerman - JPMorgan

Ashish Sabadra - RBC Capital Markets

George Tong - Goldman Sachs

Kevin McVeigh - Credit Suisse

Operator

Good morning, ladies and gentlemen, and welcome to the Dun & Bradstreet First Quarter 2023 Earnings Conference Call [Operator Instructions]. This call is being recorded on Thursday, May 4, 2023.

I would now like to turn the conference over to Sean Anthony, VP, Corporate FP&A. Please go ahead.

Sean Anthony

Thank you. Good morning, everyone, and thank you for joining us for Dun & Bradstreet's financial results conference call for the first quarter of 2023. On the call today, we have Dun & Bradstreet's CEO, Anthony Jabbour; and CFO, Bryan Hipsher. Before we begin, allow me to provide a disclaimer regarding forward-looking statements. This call, including the Q&A portion of the call, may include forward-looking statements related to the expected future results for our company and are therefore forward-looking statements. Our actual results may differ materially from the projections due to a number of risks and uncertainties. The risks and uncertainties that forward-looking statements are subject to are described in our earnings release and other SEC filings. Today's remarks will also include references to non-GAAP financial measures. Additional information, including the reconciliation between non-GAAP financial information to the GAAP financial information is provided in the press release and supplemental slide presentation. This conference call will be available for replay via Dun & Bradstreet's Investor Relations website at investor.dnb.com.

With that, I'll now turn the call over to Anthony.

Anthony Jabbour

Thank you, Sean. Good morning, everyone, and thank you for joining us for our first quarter 2023 earnings call. On today's call, I'll start with a brief overview of our first quarter results, followed by an update on our operational activities and progress towards our strategic initiatives. After that, I'll pass the call over to Bryan for an in-depth review of our results and to discuss our expectations for the remainder of 2023. We'll then open up the call for Q&A, and I'll finish up with a few closing comments. With that, let's get started. Our first quarter results demonstrates a continued progress we are making and the strength and resiliency of our business model throughout the world. We exceeded our communicated expectations by delivering 3.2% revenue growth on an organic constant currency basis as customers and prospects continued to rely on D&B's mission-critical solutions to help them navigate this challenging business environment. Beginning with North America. We grew just over 2% despite this being the final quarter that included the impact from 3 full months of the GSA contract expiration. Excluding the impact of the GSA, North America revenues grew 4% with solid performance in both our Finance & Risk and Sales & Marketing solutions.