Instructure Holdings, Inc. (NYSE:INST) Q1 2023 Earnings Conference Call May 1, 2023 5:00 PM ET

Company Participants

April Scee - Investor Relations

Steve Daly - Chief Executive Officer

Dale Bowen - Chief Financial Officer

Conference Call Participants

Fred Havemeyer - Macquarie

Joe Vruwink - Baird

Brian Peterson - Raymond James

Terry Tillman - Truist

Matt VanVliet - BTIG

Stephen Sheldon - William Blair

Dave Lustberg - Jefferies

Steve Enders - Citi

Noah Herman - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Instructure's First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. Please be advised that this conference is being recorded.

I would now like to turn the conference over to your first speaker, April Scee, Investor Relations. April, please go ahead.

April Scee

Good afternoon, and welcome to Instructure's first quarter 2023 earnings conference call. We'll be discussing the results announced in our press release issued after the market closed today. With me are Instructure's Chief Executive Officer, Steve Daly; and Chief Financial Officer, Dale Bowen.

Before we begin, I'd like to remind you that today's conference call will include forward-looking statements based on the company's current expectations. These forward-looking statements are subject to a number of significant risks and uncertainties and our results may differ materially.

For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release and other reports and filings we file from time to time with the Securities and Exchange Commission.

All of our statements are made as of today, based on information available to us today, and except as required by law, we assume no obligation to update any such statements. During the call, we will also refer to both GAAP and non-GAAP financial measures. You can find the reconciliation of our GAAP to non-GAAP measures included in our press release, which is posted on the Investor Relations section of our website.

With that, let me turn the call over to Steve.

Steve Daly

Thanks, April. I'm delighted to welcome everyone to Instructure's Q1 2023 earnings call. During today's call, Dale and I will share the details of our first quarter results and provide guidance for Q2 and the full year 2023. First quarter 2023 results exceeded our previously commuted guidance ranges for revenue and adjusted EBITDA, fueled by our efficient go-to-market organization and unyielding dedication to customer satisfaction.