2/10/2022

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Conference Operator
Operator

Good day and thank you for standing by. Welcome to CyberArk fourth quarter and full year 2021 earnings call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. If you ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Erica Smith. Please go ahead.

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Erica Smith
Host / Investor Relations Representative

Thank you, April. Good morning. Thank you for joining us today to review CyberArk's fourth quarter and year-end 2021 financial results. With me on the call today are Udi Mokadi, Chairman and Chief Executive Officer, and Josh Siegel, Chief Financial Officer. After prepared remarks, we will open the call up to a question-and-answer session. Before we begin, let me remind you that certain statements made on the call today may be considered forward-looking statements, which reflects management's best judgment based on currently available information. I refer specifically to the discussion of our expectations and beliefs regarding our projected results of operations for the first quarter and full year 2022. Our actual results might differ materially from those projected in these forward-looking statements. I direct your attention to the risk factors contained in the company's annual report on Form 20F filed with the U.S. Securities and Exchange Commission and those referenced in today's press release that are posted to several spec sites, as well as risks regarding our ability to continue to transition the business to a subscription model, the duration and scope of the COVID-19 pandemic, its related impact on global economy, and our ability to adjust in response to the COVID-19 pandemic. CIDARC expressly displays any application or undertaking to release publicly any updates or revisions to any forward-looking statements made today. Additionally, non-GAAP financial measures will be discussed on this conference call. Reconciliations to the most directly comparable GAAP financial measures are also available in today's press release, as well as in an updated investor presentation that outlines the financial discussion in today's call. We also want to remind you that we provide the calculated revenue headwind for additional color on the impact of our subscription bookings mix shift, but it should not be viewed as comparable to or a substitute for reported gap revenues or other gap measures. A webcast of today's call is also available on our website and in the IR section With that, I would like to turn the call over to our Chairman and Chief Executive Officer, Udi Mulkade. Udi?

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