Lightspeed Commerce Inc. (NYSE:LSPD) Q1 2024 Earnings Conference Call August 3, 2023 8:00 AM ET

Company Participants

Gus Papageorgiou - Head of Investor Relations

Jean Paul Chauvet - Chief Executive Officer

Asha Bakshani - Chief Financial Officer

Conference Call Participants

Daniel Chan - TD Cohen

Andrew Jeffrey - Truist Securities

Thanos Moschopoulos - BMO Capital Markets

Koji Akito - BofA Securities

Matthew Coad - Autonomous Research

Richard Tse - National Bank Financial Markets

Tien-Tsin Huang - JPMorgan

Suthan Sukumar - Stifel

Operator

Thank you for standing by. My name is Bailey and I will be your conference operator today. At this time I would like to welcome everyone to the Lightspeed First Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a Q&A session. [Operator Instructions].

I would now like to turn the call over to Gus Papageorgiou. You may begin.

Gus Papageorgiou

Thank you, operator. And good morning, everyone. Welcome to Lightspeed's fiscal Q1 2024 conference call.

Joining me today are JP Chauvet, Lightspeed's Chief Executive Officer, and Asha Bakshani, our Chief Financial Officer. After prepared remarks, we will open it up for your questions.

We will make forward-looking statements on our call today that are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Certain material factors and assumptions were applied in respect of conclusions, forecasts and projections contained in these statements. We undertake no obligation to update these statements, except as required by law. You should carefully review these factors, assumptions, risks, and uncertainties in our earnings press release issued earlier today, our first quarter 2024 results presentation available on our website, as well as in our filings with U.S. and Canadian securities regulators.

Also, our commentary today will include adjusted financial measures, which are non-IFRS measures and ratios. These should be considered as a supplement to, and not a substitute for, IFRS financial measures. Reconciliations between the two can be found in our earnings press release, which is available on our website, on sedar.com and on the SEC's EDGAR system.

And finally note that because we report in U.S. dollars, all amounts discussed today are in U.S. dollars unless otherwise indicated.

With that, I will now turn the call over to JP.

Jean Paul Chauvet

Thank you Gus and welcome everyone. Thanks for joining us this morning. Overall, I was very happy with our results this quarter. Revenue came in better than expected with revenue growth of 20% versus the approximately 14% concentrated in our outlook.