PowerSchool Holdings, Inc. (NYSE:PWSC) Q2 2023 Earnings Conference Call August 7, 2023 6:30 PM ET

Company Participants

Hardeep Gulati - Chief Executive Officer

Eric Shander - Chief Financial Officer

Shane Harrison - Senior Vice President, Investor Relations

Conference Call Participants

Joe Vruwink - Baird

Brent Thill - Jefferies

Matt Hedberg - RBC Capital Markets

Stephen Sheldon - William Blair

Callie Valenti - Goldman Sachs

Saket Kalia - Barclays

Jonathan McCary - Raymond James

Natalie Howe - Bank of America

Brett Knoblauch - Cantor Fitzgerald

Fred Havemeyer - Macquarie

Rich Hilliker - Credit Suisse

Operator

Good afternoon, ladies and gentlemen, and welcome to the PowerSchool Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the call over to Shane Harrison, Senior Vice President, Investor Relations. Thank you, sir. Please go ahead.

Shane Harrison

Thank you, operator. Welcome everyone to PowerSchool’s earnings conference call for the second quarter ended June 30, 2023. I wanted to first let you know that we posted a slide deck to the Investor Relations section of our website that accompanies our remarks here. On the call today, we have PowerSchool’s CEO, Hardeep Gulati; and CFO, Eric Shander.

We apologies for the schedule change today, but Hardeep had a scheduling conflict due to him attending an Education Summit at the White House that overlapped our original timing. As such, Hardeep's portion of these prepared remarks have been recorded, but we expect to be available for the live Q&A to follow these prepared remarks.

I like to emphasize that this call, including the Q&A portion, will include statements related to the expected future results of our company, which are therefore forward looking statements. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risk 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 definitions and reconciliation between non-GAAP financial information to the GAAP financial information, is provided in the corresponding press release and results presentation, which are both posted on PowerSchool’s Investor Relations website at investors.powerschool.com. A replay of this call will also be posted to the same website.

I will now turn the call over to Hardeep.

Hardeep Gulati

Thanks, Shane. Thanks to everyone for joining us for PowerSchool’s second-quarter earnings call. We had a great second-quarter, where we increased the adoption of our expanded platform with large districts and states, saw continued strength in our innovative data solutions and drove outstanding financial results.