Radware Ltd (NASDAQ:RDWR) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET

Company Participants

Yisca Erez - Former Director, IR

Roy Zisapel - Co-Founder, CEO, President & Director

Guy Avidan - CFO

Conference Call Participants

George Notter - Jefferies

Alexander Henderson - Needham & Company

Tavy Rosner - Barclays Bank

Operator

Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Radware conference call discussing first quarter 2022 results, and we thank you all for holding. As a reminder, this conference is being recorded on May 3, 2022. [Operator Instructions].

I would now like to turn this call over to Yisca Erez, Director of Investor Relations at Radware. Please go ahead.

Yisca Erez

Thank you, Abby. Good morning, everyone, and welcome to Radware's First Quarter 202 Earnings Conference Call. Joining me today are Roy Zisapel, President and Chief Executive Officer; and Guy Avidan, Chief Financial Officer. A copy of today's press release and financial statements as well as the investor kit in the first quarter are available in the Investor Relations section of our website.

During today's call, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. These forward-looking statements are subject to various risk and uncertainties, and actual results could differ materially from Radware's current forecast and estimates. Factors that could cause or contribute to such differences include, but are not limited to, impact from the COVID-19 syndemic, general business conditions and our ability to address changes in our industry, changes in demand for products, the timing and the amount of orders and other risks detailed from time to time in other filings.

We refer you to the documents that company files and furnishes from time to time with the SEC, specifically the company's last annual report on Form 20-F as filed on February 11, 2020. We undertake no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date of such statement is made.

I would like to turn the call to Roy Zisapel.

Roy Zisapel

Thank you, Yisca, and thank you all for joining us today. I'd like to begin our call by highlighting the news we released this morning, introducing SkyHawk Security, which is a spinoff of our cloud-native protector business. This spinoff is a strategic step in the cloud services initiatives that we announced a couple of months ago. Before I get into the details about SkyHawk, first, let me take this opportunity to recap our cloud initiatives.