SolarWinds Corporation (NYSE:SWI) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET

Company Participants

Tim Karaca - IR

Sudhakar Ramakrishna - President, CEO & Director

Barton Kalsu - EVP, CFO & Treasurer

Conference Call Participants

Connor Passarella - Truist Securities

Simran Biswal - RBC Capital Markets

Patrick Schulz - Robert W. Baird & Co.

Stewart Materne - Evercore ISI

Bob Huang - Morgan Stanley

Erik Suppiger - JMP Securities

Operator

Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the SolarWinds Q3 2022 Earnings Call. Today's conference is being recorded. [Operator Instructions].

At this time, I would like to turn the conference over to Tim Karaca. Please go ahead.

Tim Karaca

Thank you. Good morning, everyone, and welcome to the SolarWinds Third Quarter 2022 Earnings Call. With me today is Sudhakar Ramakrishna, our President and CEO; and Bart Kalsu, our CFO.

Following prepared remarks, we will have a question-and-answer session. This call is being simultaneously webcast on our Investor Relations website at investors.solarwinds.com. On our Investor Relations website, you can also find our earnings press release and a summary slide deck, which is intended to supplement our prepared remarks during today's call.

Please remember that certain statements made during this call are forward-looking statements, including those concerning our financial outlook, our market opportunities, our expectations regarding customer retention and our evolution to a subscription-first mentality. The impact of the global economic and geopolitical environment on our business, the timing of the phases of our subscription evolution, our gross level of debt and the impact of cyber incidents and cybersecurity generally 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 subject to a number of risks and uncertainties, including the numerous risks and uncertainties highlighted in today's earnings release and our filings with the SEC. Copies are available from the SEC on our Investor Relations website. We completed the spin-off of N-able on July 19, 2021, and accordingly have included the results of the N-able business as discontinued operations for historical periods.

Therefore, the financial results presented on this call reflect SolarWinds as a stand-alone business and do not include any contribution from the N-able business. Furthermore, we will discuss various non-GAAP financial measures on today's call. Unless otherwise specified, when we refer to financial measures, we will be referring to the non-GAAP financial measures. A reconciliation of the differences between GAAP and non-GAAP financial measures discussed on today's call are available in our earnings press release and summary slide deck on the Investor Relations page of our website. As a reminder, beginning with the first quarter of 2022, we no longer adjust our revenue for the impact of purchase accounting.