VeriSign, Inc. (VRSN) Q3 2022 Earnings Call Transcript

VeriSign, Inc. (NASDAQ:VRSN) Q3 2022 Earnings Conference Call October 27, 2022 4:30 PM ET

Company Participants

David Atchley - Vice President, Investor Relations and Corporate Treasurer

James Bidzos - Chairman and Chief Executive Officer

George Kilguss - Executive Vice President and Chief Financial Officer

Todd Strubbe - President and Chief Operating Officer

Conference Call Participants

Rob Oliver - Baird

Operator

Good day, everyone and welcome to VeriSign’s Third Quarter 2022 Earnings Call. Today’s conference is being recorded. Recording of this call is not permitted, unless preauthorized.

At this time, I would like to turn the conference over to Mr. David Atchley, Vice President of Investor Relations and Corporate Treasurer. Please go ahead, sir.

David Atchley

Thank you, operator. Welcome to VeriSign’s third quarter 2022 earnings call. Joining me are Jim Bidzos, Executive Chairman and CEO; Todd Strubbe, President and COO; and George Kilguss, Executive Vice President and CFO.

This call and presentation are being webcast from the Investor Relations website, which is available under About VeriSign on verisign.com. There you will also find our earnings release. At the end of this call the presentation will be available on that site, and within a few hours, the replay of the call will be posted.

Financial results in our earnings release are unaudited and our remarks include forward-looking statements that are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically the most recent report on Form 10-K. VeriSign does not update financial performance or guidance during the quarter, unless it is done through a public disclosure.

The financial results in today’s call and the matters we will be discussing today, include GAAP results and two non-GAAP measures used by VeriSign, adjusted EBITDA and free cash flow. GAAP to non-GAAP reconciliation information is appended to the slide presentation, which can be found on the Investor Relations section of our website available after this call.

Jim and George will provide some prepared remarks and afterward, we will open the call for your questions.

With that, I would like to turn the call over to Jim.

James Bidzos

Thank you, David. Good afternoon to everyone and thank you for joining us. Last quarter we acknowledged the uncertainty that macroeconomic and other challenges presented and we said that we would focus on what was within our ability to control. We also indicated what that meant. First, maintaining, operating and investing in our critical infrastructure, next exercising careful expense control where appropriate. Additionally, it meant keeping our capital allocation activities focused on building and efficiently returning long-term shareholder value.