N-able, Inc. (NYSE:NABL) Q2 2022 Earnings Conference Call August 11, 2022 8:30 AM ET
Company Participants
Jeffrey Magoma - Investor Relations
John Pagliuca - President and Chief Executive Officer
Tim O’Brien - Executive Vice President and Chief Financial Officer
Conference Call Participants
Matt Hedberg - RBC Capital Markets
Jason Ader - William Blair
Mike Cikos - Needham
Jeffrey Magoma
Thank you and welcome everyone to N-able’s Second Quarter 2022 Earnings Call. With me today are John Pagliuca, N-able’s President and CEO; and Tim O’Brien, EVP and CFO. Following our prepared remarks, we will open the line for a question-and-answer session. This call is being simultaneously webcast on our Investor Relations website at investors.n-able.com. There, you can also find our earnings press release, which is intended to supplement our prepared remarks during today’s call.
Certain statements made during this call are forward-looking statements, including those concerning our financial outlook, our market opportunities, our continued expectations following the spin-off of our business from solar wins in July of 2021 and the impact of the global economic environment on our business. These statements are based on currently available information and assumptions and we undertake no duty to update this information except as required by law. These statements are also subject to a number of risks and uncertainties, including those related to the spin-off transaction completed last year. Additional information concerning these statements and the risks and uncertainties associated with them is noted in today’s earnings release and in our filings with the SEC. Copies are available from the SEC or on our Investor Relations website.
Furthermore, we will discuss various non-GAAP financial measures on today’s call. Unless otherwise specified, when we refer to the financial measures, we will be referring to the non-GAAP financial measures. A reconciliation of the non-GAAP financial measures discussed on today’s call to their GAAP equivalents is available in our earnings press release on our Investor Relations website.
And now, I will turn the call over to John.
John Pagliuca
Thanks, Jeff and thank you all for joining us today. Our financial performance in Q2 exceeded the high end of our outlook, with GAAP revenue growing year-over-year by 7% or 13% on a constant currency basis to $91.6 million, demonstrating success in our multi-product sales approach with particularly strong growth in our security offerings and data-protection-as-a-service. We also exceeded our adjusted EBITDA forecast coming in at $27.6 million, just over 30% EBITDA margin.