UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38467 Dayforce, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organiz ...

Dayforce® recurring revenue of $337.2 million, up 24.3%, and excluding float revenue, up 23.0% Total revenue of $431.5 million, up 16.4% Exhibit 99.1 Dayforce Reports First Quarter 2024 Results 1 Operating profit of $40.7 million and adjusted operating profit of $109.1 million Minneapolis, MN and Toronto, ON, May 1, 2024 - Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the first quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38467 Dayforce, Inc. (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation or organiza ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended September 30, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to (952) 853-8100 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Securities registered ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended June 30, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38467 Ceridian HCM Holding Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended March 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38467 Ceridian HCM Holding Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation ...

PART I [Item 1. Business](index=3&type=section&id=Item%201.%20Business) Ceridian is a global HCM software company, providing its Dayforce Cloud platform for comprehensive HR, payroll, and talent management - **Ceridian is a global HCM software company**, with Dayforce as its flagship Cloud HCM platform offering HR, payroll, benefits, workforce management, and talent intelligence[17](index=17&type=chunk) - The company's five strategic growth levers include acquiring new customers, extending the Dayforce platform, expanding within the Enterprise segment, accelerating global expansion, and innovating in adjacent markets like Dayforce Wallet[22](index=22&type=chunk) Dayforce Customer Growth (2012-2022) | Year | Live Dayforce Customers | Global Employees (approx.) | | :--- | :---------------------- | :------------------------- | | 2012 | 482 | - | | 2022 | 5,993 | 5.9 million | - **Dayforce Wallet**, a digital payment solution providing on-demand access to earned pay, launched in the U.S. in 2020, Canada in 2021, and the UK in 2022, with ongoing feature enhancements[25](index=25&type=chunk)[27](index=27&type=chunk) - As of December 31, 2022, Ceridian had **8,526 employees globally**, with **49% women** in the global workforce and **44% in manager-level roles or above**[48](index=48&type=chunk)[49](index=49&type=chunk) [Item 1A. Risk Factors](index=11&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from maintaining Cloud growth, payroll fund disruptions, aging infrastructure, data security, and market competition - Failure to maintain high Cloud solutions growth rate, especially for Dayforce Wallet, could materially adversely affect market valuation and financial results[71](index=71&type=chunk)[73](index=73&type=chunk) - Disruptions in payroll-related fund movements, due to errors, non-compliance with regulations, or system failures, could lead to significant losses, monetary damages, and reputational harm[74](index=74&type=chunk) - Aging software infrastructure, ongoing migration to new platforms, and the integration of acquired systems increase costs and vulnerability to cyber-attacks, system outages, and data loss[76](index=76&type=chunk)[77](index=77&type=chunk) - Non-compliance with privacy, data protection, and information security laws (e.g., GDPR, CCPA, CPRA), including an FTC consent order, could result in significant penalties, legal liability, reputational damage, and restrictions on data usage for AI-driven insights[78](index=78&type=chunk)[81](index=81&type=chunk) - The company's aggressive growth strategy, particularly international expansion and acquisitions, poses risks related to managing operations, adapting to technology changes, and integrating acquired businesses, potentially impacting service quality and profitability[82](index=82&type=chunk)[86](index=86&type=chunk)[88](index=88&type=chunk) - Dependence on third-party service providers and licensed software for critical operations means disruptions or failures from these partners could materially impact business, financial condition, and results of operations[95](index=95&type=chunk)[96](index=96&type=chunk) - The company faces risks from customer defaults on Dayforce Wallet 'on demand pay' advances, as well as market, interest rate, credit, and liquidity risks associated with holding customer funds[106](index=106&type=chunk)[107](index=107&type=chunk) - The price of common stock may be volatile due to various market and company-specific factors, and anti-takeover provisions could discourage beneficial acquisitions[130](index=130&type=chunk)[134](index=134&type=chunk) [Item 1B. Unresolved Staff Comments](index=26&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reported no unresolved staff comments from the SEC - No unresolved staff comments[148](index=148&type=chunk) [Item 2. Properties](index=26&type=section&id=Item%202.%20Properties) Ceridian's corporate headquarters is in Minneapolis, Minnesota, with major offices in Toronto and other leased spaces globally - Corporate headquarters in Minneapolis, Minnesota, and a major office in Toronto, Ontario, Canada, are leased facilities[149](index=149&type=chunk) - The company leases office space in various locations across North America, APJ, and EMEA[149](index=149&type=chunk) [Item 3. Legal Proceedings](index=26&type=section&id=Item%203.%20Legal%20Proceedings) Ceridian is involved in ordinary course legal proceedings, including a proposed class action lawsuit, but expects no material adverse effects - A proposed class action lawsuit was filed on October 21, 2021, alleging misrepresentations and negligence in connection with the company's April 25, 2018 Prospectuses related to the distribution of its 50% interest in LifeWorks Corporation Ltd[151](index=151&type=chunk) - The Ontario court rejected the plaintiff's Norwich Application for discovery, and the appeal was denied on December 14, 2022[151](index=151&type=chunk) - The company believes the likelihood of a material loss from this class action is remote, with a motion to strike the application set for March 31, 2023[152](index=152&type=chunk) - No current legal proceedings are expected to have a material adverse effect on the business, financial condition, or liquidity[150](index=150&type=chunk) [Item 4. Mine Safety Disclosures](index=27&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to Ceridian HCM Holding Inc - Not applicable[153](index=153&type=chunk) PART II [Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=28&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Ceridian's common stock trades on NYSE and TSX, with no cash dividends planned, and no recent unregistered sales or issuer purchases - Common stock trades on NYSE and Toronto Stock Exchange under "CDAY" since April 26, 2018[156](index=156&type=chunk) - As of December 31, 2022, there were **58 stockholders of record**[158](index=158&type=chunk) - The company does not intend to pay cash dividends in the foreseeable future, planning to retain earnings for business operations and expansion[133](index=133&type=chunk)[157](index=157&type=chunk) - No recent sales of unregistered securities or issuer purchases of equity securities[159](index=159&type=chunk)[160](index=160&type=chunk) [Item 6. Reserved](index=29&type=section&id=Item%206.%20Reserved) This item is reserved and contains no information [Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Ceridian saw significant 2022 growth, driven by Dayforce Cloud, with total revenue up 21.7% and improved Adjusted EBITDA - Ceridian is a global HCM software company, categorizing solutions into Cloud (Dayforce, Powerpay) and Bureau offerings, with a focus on migrating Bureau customers to Dayforce[168](index=168&type=chunk) - Dayforce, the principal Cloud HCM platform, provides continuous real-time calculations across HR, payroll, workforce management, benefits, and talent intelligence, serving organizations of all sizes[169](index=169&type=chunk) Key Performance Measures (Year Ended December 31) | Indicator | 2022 | 2021 | 2020 | | :-------------------------------------- | :---------- | :---------- | :---------- | | Live Dayforce customers | 5,993 | 5,434 | 4,906 | | Cloud annualized recurring revenue (ARR) | $1,041.3 M | $779.8 M | $617.9 M | | Annual Dayforce revenue retention rate | 97.1 % | 97.1 % | 96.0 % | | Dayforce recurring revenue per customer | $121,425 | $108,631 | $98,655 | | Adjusted EBITDA | $250.4 M | $162.5 M | $159.0 M | | Adjusted EBITDA margin | 20.1 % | 15.9 % | 18.9 % | Total Revenue Breakdown (Year Ended December 31) | Revenue Category | 2022 ($M) | 2021 ($M) | Change ($M) | Change (%) | | :--------------------------- | :-------- | :-------- | :---------- | :--------- | | Cloud Recurring | 908.4 | 712.9 | 195.5 | 27.4 % | | Bureau Recurring | 139.2 | 137.8 | 1.4 | 1.0 % | | Total Recurring | 1,047.6 | 850.7 | 196.9 | 23.1 % | | Professional services & other | 198.6 | 173.5 | 25.1 | 14.5 % | | **Total Revenue** | **1,246.2** | **1,024.2** | **222.0** | **21.7 %** | - Float revenue increased significantly due to a **12.4% increase in average float balance to $4,370.7 million** and a **76 basis point increase in average yield** in 2022 compared to 2021[212](index=212&type=chunk) Net Loss and Adjusted EBITDA (Year Ended December 31) | Metric | 2022 ($M) | 2021 ($M) | Change ($M) | Change (%) | | :--------------- | :-------- | :-------- | :---------- | :--------- | | Net loss | (73.4) | (75.4) | 2.0 | 2.7 % | | Adjusted EBITDA | 250.4 | 162.5 | 87.9 | 54.1 % | - Liquidity is strong with **$431.9 million in cash and equivalents** and **$300 million available** under the Revolving Credit Facility as of December 31, 2022[227](index=227&type=chunk) - The Ceridian National Trust Bank commenced banking operations on January 3, 2023, acting as trustee for the U.S. payroll trust, centralizing regulatory oversight under the OCC[201](index=201&type=chunk)[202](index=202&type=chunk)[546](index=546&type=chunk) [Item 7A. Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Ceridian faces market risks from foreign currency, interest rates, and pension obligations, with interest rate changes significantly impacting float revenue and debt costs - Foreign currency risk is primarily from Canadian Dollar fluctuations, partially hedged by natural inflows, and not currently material, but is being monitored for future hedging programs[279](index=279&type=chunk) - Interest rate risk affects float revenue, debt interest, and cash interest income. A **100 basis point increase in market investment rates** is estimated to increase float revenue by approximately **$24 million** over twelve months[280](index=280&type=chunk)[282](index=282&type=chunk) - A **100 basis point increase in LIBOR rates** would increase interest expense on Term Debt and Revolving Credit Facility by approximately **$7 million** over twelve months[283](index=283&type=chunk) - Pension obligation risk is managed through actuarial assumptions; the U.S. pension plan was **fully funded** as of December 31, 2022, with a projected benefit obligation exceeding plan assets by **$11.1 million**[287](index=287&type=chunk)[452](index=452&type=chunk)[458](index=458&type=chunk) [Item 8. Financial Statements and Supplementary Data](index=49&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents Ceridian's audited consolidated financial statements for 2022, 2021, and 2020, with an unqualified opinion from KPMG LLP - KPMG LLP issued an **unqualified opinion** on the consolidated financial statements and the effectiveness of internal control over financial reporting as of December 31, 2022[295](index=295&type=chunk) Consolidated Balance Sheet Highlights (Dollars in millions) | Metric | Dec 31, 2022 | Dec 31, 2021 | | :--------------------------- | :----------- | :----------- | | Cash and equivalents | $431.9 | $367.5 | | Customer funds | $4,183.2 | $3,535.8 | | Total assets | $7,917.2 | $7,166.2 | | Total current liabilities | $4,533.5 | $3,741.9 | | Customer funds obligations | $4,298.8 | $3,519.9 | | Long-term debt, less current portion | $1,213.4 | $1,124.4 | | Total liabilities | $5,807.8 | $4,938.7 | | Total stockholders' equity | $2,109.4 | $2,227.5 | Consolidated Statements of Operations Highlights (Dollars in millions) | Metric | 2022 ($M) | 2021 ($M) | 2020 ($M) | | :--------------------------- | :-------- | :-------- | :-------- | | Total revenue | 1,246.2 | 1,024.2 | 842.5 | | Gross profit | 473.2 | 382.3 | 341.3 | | Operating (loss) profit | (25.8) | (35.5) | 7.8 | | Net loss | (73.4) | (75.4) | (4.0) | | Net loss per share - Basic | (0.48) | (0.50) | (0.03) | | Net loss per share - Diluted | (0.48) | (0.50) | (0.03) | Consolidated Statements of Cash Flows Highlights (Dollars in millions) | Metric | 2022 ($M) | 2021 ($M) | 2020 ($M) | | :----------------------------------------- | :-------- | :-------- | :-------- | | Net cash provided by (used in) operating activities | 132.6 | 48.8 | (30.2) | | Net cash (used in) provided by investing activities | (342.5) | (711.1) | 38.8 | | Net cash provided by financing activities | 870.1 | 407.5 | 565.3 | - The company adopted ASU 2020-06 on January 1, 2022, simplifying accounting for convertible instruments by eliminating the debt discount and related deferred tax liability for Convertible Senior Notes, impacting accumulated deficit and additional paid-in capital[383](index=383&type=chunk) - Goodwill and indefinite-lived intangible assets are tested for impairment annually as of October 1. The company performed a qualitative assessment in 2022 and concluded no impairment[344](index=344&type=chunk)[416](index=416&type=chunk)[417](index=417&type=chunk) - As of December 31, 2022, approximately **$1,143.6 million of revenue** is expected to be recognized over the next three years from remaining performance obligations[509](index=509&type=chunk) [Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=99&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) Ceridian reported no changes in or disagreements with its accountants on accounting and financial disclosure matters - No changes in or disagreements with accountants on accounting and financial disclosure[548](index=548&type=chunk) [Item 9A. Controls and Procedures](index=99&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that Ceridian's disclosure controls and internal control over financial reporting were effective as of December 31, 2022 - Disclosure controls and procedures were **effective at the reasonable assurance level** as of December 31, 2022[550](index=550&type=chunk) - Management concluded that internal control over financial reporting was **effective** as of December 31, 2022, based on the COSO 2013 framework[551](index=551&type=chunk) - The integration of Ascender into the assessment of internal control over financial reporting was completed for fiscal year 2022[552](index=552&type=chunk) - No material changes in internal control over financial reporting were identified during the fiscal quarter ended December 31, 2022, other than Ascender integration activities[553](index=553&type=chunk) [Item 9B. Other Information](index=101&type=section&id=Item%209B.%20Other%20Information) This item reports that there is no other information required to be disclosed - No other information to report[556](index=556&type=chunk) PART III [Item 10. Directors, Executive Officers and Corporate Governance](index=102&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2023 Proxy Statement - Information on Directors, Executive Officers, and Corporate Governance is incorporated by reference from the 2023 Annual Meeting of Stockholders Proxy Statement[558](index=558&type=chunk)[559](index=559&type=chunk) - The company has adopted a 'Code of Conduct' applicable to all employees, contractors, officers, and directors, available on its website[560](index=560&type=chunk) [Item 11. Executive Compensation](index=102&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation details, including director and equity plan information, are incorporated by reference from the Proxy Statement - Executive compensation details are incorporated by reference from the Proxy Statement, covering director compensation, executive compensation, equity compensation plan information, and corporate governance[563](index=563&type=chunk) [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=102&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Details on equity compensation plans and security ownership are incorporated by reference from the Proxy Statement - Information on securities authorized for issuance under equity compensation plans and security ownership of certain beneficial owners and management is incorporated by reference from the Proxy Statement[564](index=564&type=chunk)[565](index=565&type=chunk) [Item 13. Certain Relationships and Related Transactions, and Director Independence](index=103&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on certain relationships, related party transactions, and director independence is incorporated by reference from the Proxy Statement - Information on certain relationships, related party transactions, and director independence is incorporated by reference from the Proxy Statement[567](index=567&type=chunk) [Item 14. Principal Accounting Fees and Services](index=103&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) KPMG LLP is the independent registered public accounting firm, with fee information incorporated by reference from the Proxy Statement - KPMG LLP is the independent registered public accounting firm (Auditor Firm ID: 185)[568](index=568&type=chunk) - Information on principal accounting fees and services is incorporated by reference from the Proxy Statement[568](index=568&type=chunk) PART IV [Item 15. Exhibits, Financial Statement Schedules](index=104&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists consolidated financial statements and a comprehensive list of exhibits filed with the Annual Report on Form 10-K - Consolidated Financial Statements are included as part of Item 8[570](index=570&type=chunk) - All financial statement schedules are omitted because they are not applicable or the required information is shown in the consolidated financial statements or notes[571](index=571&type=chunk) - A comprehensive list of exhibits is provided, including the Fourth Amended and Restated Certificate of Incorporation, Second Amended and Restated Bylaws, Credit Agreement, Convertible Senior Notes Indenture, various employment agreements, and equity incentive plans[573](index=573&type=chunk)[574](index=574&type=chunk)[575](index=575&type=chunk)[576](index=576&type=chunk)[577](index=577&type=chunk)

Financial Performance - The company reported a strong third quarter, exceeding guidance across all metrics despite headwinds from a stronger U.S. dollar [7][37] - On a constant currency basis, Dayforce recurring revenue grew 32%, and 27% excluding float [7] - Adjusted EBITDA was $63.5 million, a 61% improvement year-on-year, with an adjusted EBITDA margin of 20.1% [8][38] - Operating cash flows were $52.1 million, doubling from the previous year [10][38] Business Lines and Key Metrics - Adjusted cloud recurring gross margins were 74.8%, expanding 50 basis points year-over-year [9][30] - Year-to-date sales were significantly up, driven by net new customer wins, with deals above $1 million increasing over 50% year-over-year [24][110] - The company continues to see strong demand for Dayforce, with 38% of customers now taking the full suite [25] Market Data and Key Metrics - The EMEA region showed stellar sales performance, particularly in the mid-market, augmented by large global transactions [24] - The company is experiencing robust demand across all segments, including emerging, mid-market, and large enterprise [23][111] Company Strategy and Industry Competition - The company has been named a leader by Gartner in its Magic Quadrant for Cloud HCM Suites for organizations with over 1,000 employees [12] - The focus on innovation and technology has allowed the company to differentiate itself from competitors [12][88] - The company aims to achieve a 30% adjusted EBITDA margin and continues to invest in sales and product innovation [20][41] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the strong sales pipeline and the ability to scale operations despite macroeconomic uncertainties [47][48] - The company anticipates continued demand for Dayforce, particularly in a post-pandemic world where organizations focus on efficient growth [10][11] - Management noted that the INSIGHTS conference is expected to generate significant opportunities for future growth [85] Other Important Information - The company has delivered over 840 new features to customers in 2022 [14] - Customer retention rates remain best-in-class, with customer satisfaction scores exceeding expectations [31] - The company has eradicated pay disparity within its workforce, with over 50% of employees being female [33] Q&A Session Summary Question: Impact of macro uncertainty on pipeline and buyer decision-making - Management indicated no observed impact on pipeline or decision-making pace, with strong sales in Q3 and a robust Q4 pipeline [47] Question: Sales force productivity and retention - Management reported good retention and increased sales productivity over the last two years [48] Question: Guidance and Bureau business decline - Management explained the decline in Bureau business due to the end of life of a platform and a one-time accounting true-up [51] Question: Drivers of large deal demand - Management attributed the demand for large deals to a combination of sales force restructuring, global capabilities, and successful deployments [57] Question: Go-live expectations for large deals - Management expects a strong go-live quarter in Q4, with several large deals anticipated to go live soon [58] Question: Operating efficiencies contributing to EBITDA margin improvement - Management highlighted efficiencies in customer support and operational processes as key drivers for margin improvement [64] Question: Future M&A strategy - Management remains patient regarding M&A opportunities, focusing on regions with growth potential [112] Question: Channel partner influence on pipeline - Approximately 50% of the pipeline is influenced by partners, leading to increased win rates [116]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended September 30, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to (I.R.S. Employer Identification Number) 3311 East Old Shakopee Road Minneapolis, Minnesota 55425 (952) 853-8100 (Address, Including Zip C ...

Ceridian HCM Holding Inc. (CDAY) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Erik Zimmer - Head of Corporate Development and IR Matt Wells - Senior Director, IR David Ossip - Co-CEO Leagh Turner - Co-CEO Noemie Heuland - CFO Conference Call Participants Willo Miller - William Blair Mark Macron - Baird Jared Levine - Cowen Siti Panigrahi - Mizuho Dan Jester - BMO Robert Simmons - D.A. Davidson Kevin McVeigh - Credit Suisse Mark Murphy - JPMorgan Alex Zukin - Wolfe Bhavin S ...