INST - Instructure Holdings Inc. (INST) Q4 2023 Earnings Call Transcript
2024-02-20 23:19:10 ET
Instructure Holdings, Inc. (INST)
Q4 2023 Earnings Conference Call
February 20, 2024, 17:00 ET
Company Participants
April Scee - ICR
Steve Daly - CEO
Peter Walker - CFO
Conference Call Participants
Joseph Vruwink - Robert W. Baird & Co.
Stephen Sheldon - William Blair & Company
Ryan MacDonald - Needham & Company
William McNamara - BTIG
Josh Baer - Morgan Stanley
Devin Au - KeyBanc Capital Markets
Frederick Havemeyer - Macquarie Research
David Lustberg - Jefferies
Noah Herman - JPMorgan Chase & Co.
Presentation
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Instructure's fourth-quarter and full-year 2023 earnings call. [Operator Instructions]. Please be advised that this conference is being recorded. I would now like to turn the conference over to your first speaker April Scee, Investor Relations. April, please go ahead.
April Scee
Good afternoon, and welcome to Instructure's fourth-quarter and full-year 2023 earnings call. We will be discussing the results announced in our press release issued after the market closed today. With me are Instructure's Chief Executive Officer, Steve Daly; and Chief Financial Officer, Peter Walker.
Before we begin I'd like to remind you that today's conference call will include forward-looking statements based on the company's current expectations. These forward-looking statements are subject to a number of significant risks and uncertainties and our actual results may differ materially. For discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release and our annual report on Form 10-K and other reports and filings we file from time to time with the Securities and Exchange Commission.
All of our statements are made as of today based on information available to us today and except as required by law, we assume no obligation to update any such statements. During the call, we will also refer to both GAAP and non-GAAP financial measures. You can find a reconciliation of our GAAP to non-GAAP measures included in our press release, which is posted to the Investor Relations section of our website. All of the non-revenue financial measures we discuss today are non-GAAP unless we state that is a GAAP measure. With that, let me turn the call over to Steve.
Steve Daly
Thank you, April, and thank you all for joining us for our fourth-quarter and full-year 2023 earnings conference call. With the successful close of Parchment acquisition in early February, I'm also delighted to extend a warm welcome to our newest team members. Parchment will maintain separate operations in 2024 as we align go-to-market strategies and resources to ensure a seamless transition for our customers. In the interim, we are extremely excited to begin executing the opportunities Parchment offers for driving growth and fostering innovation.
I'd like to begin today's earnings call by reflecting on the key milestones and achievements that shaped Instructure's journey in 2023 and set the stage for our future growth. We continued to strengthen our executive leadership team, bringing in four new leaders, each with more than two decades of experience leading scaled organizations, President and COO, Chris ball, to unite our go to market and accelerate our platform and cross-sell efforts; CFO, Peter Walker, to elevate our public market expertise; CTO, Michael Lysaght, to expand our web scale technology platform; and Chief Customer Experience Officer, Rachel Orston, to grow our customer success programs efficiently and deepen our strategic relationships with our customers....
Instructure Holdings, Inc. (INST) Q4 2023 Earnings Call Transcript