BILL Holdings, Inc. (NYSE:BILL) Q1 2024 Earnings Conference Call November 2, 2023 4:30 PM ET

Company Participants

Karen Sansot – Vice President-Investor Relations

René Lacerte – Founder and Chief Executive Officer

John Rettig – President and Chief Financial Officer

Conference Call Participants

Bryan Keane – Deutsche Bank

Brad Sills – Bank of America

Taylor McGinnis – UBS

Darrin Peller – Wolfe Research

Tien-tsin Huang – JPMorgan

William Nance – Goldman Sachs

Andrew Schmidt – Citigroup

Keith Weiss – Morgan Stanley

Kenneth Suchoski – Autonomous

Brent Bracelin – Piper Sandler

Samad Samana – Jefferies

Operator

Good afternoon, and welcome to BILL’s First Quarter Fiscal 2024 Earnings Conference Call. Joining us today for today’s call are BILL’s CEO, René Lacerte; CFO and President, John Rettig; and VP of Investor Relations, Karen Sansot.

With that, I would like to turn the call over to Karen Sansot for introductory remarks. Karen?

Karen Sansot

Thank you, operator. Welcome to BILL’s fiscal first quarter 2024 earnings conference call. We issued our press release a short time ago and furnished the related Form 8-K to the SEC. The press release can be found on the Investor Relations section of our website at investor.bill.com. With me on the call today are René Lacerte, Chairman, CEO and Founder of BILL; and John Rettig, President and CFO.

Before we begin, please remember that during the course of this call, we may make forward-looking statements about the future operations and results of BILL that involve many assumptions, risks and uncertainties. If any of these risks or uncertainties develop or if any of the assumptions prove incorrect, actual results could differ materially from those expressed or implied by our forward-looking statements. For additional discussion, please refer to the text in the company’s press release issued today and to our periodic reports filed with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. We disclaim any obligation to update any forward-looking statements.

On today’s call, we will refer to both GAAP and non-GAAP financial measures. Please refer to today’s press release for the reconciliation of GAAP to non-GAAP financial performance and additional disclosures regarding these measures. Note that at times during this call, we will discuss BILL’s stand-alone results, which exclude our BILL’s Spend and Expense management formerly called Divvy, Invoice2go accounts receivable and Finmark Financial Planning Solutions.

Now I’ll turn the call over to René. René?