PowerSchool Holdings, Inc. (NYSE:PWSC) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET

Company Participants

Shane Harrison – Senior Vice President of Investor Relations

Hardeep Gulati – Chief Executive Officer

Eric Shander – Chief Financial Officer

Conference Call Participants

Saket Kalia – Barclays

Brent Thill – Jefferies

Koji Ikeda – Bank of America

Stephen Sheldon – William Blair

Joe Vruwink – Baird

Fred Havemeyer – Macquarie

Matt Hedberg – RBC Capital Markets

Operator

Good afternoon and evening, everyone, and welcome to PowerSchool's Second Quarter 2022 Earnings Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]

With that, I would like to turn the call over to Shane Harrison, Senior Vice President of Investor Relations. Please go ahead.

Shane Harrison

Thank you, operator. Thank you for joining us for PowerSchool's earnings conference call for the second quarter ended June 30, 2022. 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 CEO, Hardeep Gulati; and CFO, Eric Shander.

Before we get started, I'd like to emphasize that this call, including the Q&A portion, 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 our 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 definitions and reconciliations between non-GAAP financial information to the GAAP financial information is provided in the corresponding press release and results presentation, which are both posted PowerSchool's Investor Relations website at investors.powerschool.com. A replay of this call will also be posted to the same website.

Let me now turn the call over to Hardeep.

Hardeep Gulati

Thank you, Shane, and thank you, everyone, for joining us this afternoon. PowerSchool's second quarter was a resounding success that showcase the acceleration of the momentum we have been building. It was a record-setting quarter for our cross-sell strategy, and we continue to see growth in our customer base with new logo wins. Our financial performance exceeded our expectations, and we expect this strong momentum to continue for the rest of the year as reflected in our increased guidance.