Progress Software Corporation (NASDAQ:PRGS) Q3 2023 Earnings Conference Call September 26, 2023 5:00 PM ET

Company Participants

Michael Micciche - Vice President, Investor Relations

Yogesh Gupta - Chief Executive Officer

Anthony Folger - Chief Financial Officer

Conference Call Participants

Ray McDonough - Guggenheim Securities

Antonio Venturim - Jefferies

Ittai Kidron - Oppenheimer

Operator

Good day and welcome to the Progress Software Corporation Q3 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker Mr. Mike Micciche, Vice President of Investor Relations. Please go ahead, sir.

Michael Micciche

Oka, great. Thank you, Sherry. Good afternoon, everyone, and thanks for joining us for Progress Software's third quarter 2023 financial results conference call. On the line with me this afternoon are Yogesh Gupta, President and Chief Executive Officer; and Anthony Folger, our Chief Financial Officer.

Before we get started, let's go over our Safe Harbor statement. During this call, we will discuss our outlook for future financial and operating performance, corporate strategies, product plans, cost initiatives and other information that might be considered forward looking.

Such forward-looking information represents Progress Software's outlook and guidance only as of today and is subject to risks and uncertainties. For a description of the risk factors that may affect our results, please refer to the Risk Factors section in our most recent Form 10-K and 10-Q for the quarter ended May 31, 2023. Progress Software assumes no obligation to update the forward-looking statements included in this call.

And additionally, please note that all the financial figures that we are going to reference on this call today are non-GAAP measures unless otherwise indicated. You can find a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP figures in our financial results press release, which was issued after the market close today.

The document contains additional information related to our financial results for the third quarter of 2023. And I recommend you reference that for specific details. We have also prepared a presentation that contains supplemental data for our third quarter 2023 results, providing highlights and additional financial metrics.

Both the earnings release and the supplemental presentation are available on the Investor Relations section of our website and the address is investors.progress.com. As Sherry mentioned today’s conference will be recorded in its entirety and will be available via replay on the Investor Relations section of our website.