Enfusion, Inc. (NYSE:ENFN) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET
Company Participants
Ignatius Njoku - Head, IR
Thomas Kim - CEO
Steve Dorton - CFO
Conference Call Participants
Dylan Becker - William Blair
Matthew Kikkert - Stifel
Tanika Mehra - Bank of America
Gabriela Borges - Goldman Sachs
Chris Donat - Piper Sandler
James Faucette - Morgan Stanley
Operator
Good afternoon. Thank you for attending today's Enfusion First Quarter Fiscal Year 2022 Earnings Call. My name is Tanya and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for question-and-answer at the end. [Operator Instructions]
I would now like to turn the call over to our host Igi Njoku, Head of Investor Relations with Enfusion. Please go ahead.
Ignatius Njoku
Thank you. Before we begin, I'd like to remind you that today's call may contain forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including those set forth in our filings with the SEC and are available in the Investor Relations section in our website.
Actual results may differ materially from any forward-looking statements we make today. These forward-looking statements speak only as of today and the company does not assume any obligation or intend to update them following today's call, except as required by law.
In addition, today's call may include non-GAAP measures. These measures should be considered as a supplement to and not as a substitute for GAAP financial measures. Reconciliation to the nearest GAAP measure can be found in today's earnings press release, which is available on the company's website.
Hosting today's call are Thomas Kim, Enfusion's Chief Executive Officer; and Steve Dorton, Enfusion's Chief Financial Officer.
With that, I'd like to turn the call over to Thomas to begin.
Thomas Kim
Thanks Igi and thanks to everyone for taking the time to join us. Today I'm going to highlight our first quarter results and then dive deeper into the market opportunity and our road ahead.
For the quarter, we delivered revenues ahead of our expectations, driven by solid execution, broad adoption across all of our cloud native and managed services offerings, and the overall resiliency of our business model in a volatile global markets. We expanded our base of global enterprise fund managers, notably with the addition of two seven-figure deals for the first time in the same quarter, both utilizing our end-to-end portfolio management and OEMS solution as well as winning four new institutional asset managers.