PowerSchool Holdings, Inc. (NYSE:PWSC) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET

Company Participants

Alan Taylor - IR

Hardeep Gulati - CEO

Eric Shander - CFO

Conference Call Participants

Brent Thill - Jefferies

Stephen Sheldon - William Blair

Joe Vruwink - Baird

Gabriela Borges - Goldman Sachs

Fred Havemeyer - Macquarie

Tanika Mehra - Bank of America

Operator

Good afternoon and evening, everyone, and welcome to PowerSchool's First Quarter 2022 Earnings Conference 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 Alan Taylor, Investor Relations. Thank you. Please begin.

Alan Taylor

Thank you. Good evening, everyone, and thank you for joining us for PowerSchool's financial results conference call for the first quarter ended March 31, 2022. On the call today, we have PowerSchool's CEO, Hardeep Gulati; and CFO, Eric Shander.

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 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, which is posted on PowerSchool's Investor Relations website at investors.powerschool.com. In addition, this conference call will be available for replay via webcast through the same website.

Hardeep will begin with a review of PowerSchool's first quarter highlights. Eric will then take you through a review of the financials before we proceed to Q&A.

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

Hardeep Gulati

Thanks, Alan, and good evening, everyone. Welcome, everyone, and thank you for joining our first quarter earnings call.

We had a strong start to the year, laying the foundation for continued growth and business momentum in 2022. We exceeded the top end of our guidance range for both revenue and adjusted EBITDA for the fourth consecutive quarter.