CyberArk Software Ltd.

Thank you for standing by. At this time, I would like to welcome everyone to the Q4 2022 CyberArk Software Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press star one again. Thank you. Erica Smith, SVP, Investor Relations, and ESG, you may begin your conference.

Excuse me. Thank you, Chantal. Good morning. Thank you for joining us today to review CyberArk's fourth quarter and full year 2022 financial results. With me on the call today are Udi Mokadi, Chairman and Chief Executive Officer, Matt Cohen, our Chief Operating Officer, and Josh Siegel, Chief Financial Officer. After prepared remarks, we will open the call up to a question and answer session. Before you begin, let me remind you that certain statements made on the call today may be considered forward-looking statements, which reflect 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, full year 2023, and beyond. 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 the website. CyberArk expressly disclaims 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 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 mix shift, but it should not be viewed as comparable to or a substitute for reported GAAP revenues or other GAAP metrics. A webcast of today's call is also available on our website in the IR section. With that, I'd like to turn the call over to our Chairman and Chief Executive Officer, Udi Mokari. Udi?

Thanks, Erica, and thanks, everyone, for joining the call. We had another strong quarter to cap off an amazing year where we outperformed, executed, and delivered against each of our key strategic initiatives in 2022. We optimized our go-to-market engine, expanded our channel partnerships, and enhance our platform selling motion. Our breakaway innovation extended our solutions well beyond PAM and resulted in Cybark being recognized as the leader in identity security. We are in a great competitive position and we are taking market share, not only in PAM, but across our product portfolio. We enter 2023 with a more durable, more resilient, and highly visible business model. Cybark is in a position of strength, well on our way to our $1 billion ARR target, and we have already reset our sights well beyond that. Because of this execution, as we are gearing up for 2023, we recognize that CyberArk was in the best possible position to make the executive changes we announced this morning. In early April, I will move into the executive chair role, and Matt Cohen, our chief operating officer, will become our CEO. Matt is an incredible leader, and I can't imagine a better person to be the next CEO of Cybark. Since joining the company, he had a tremendous value and has been instrumental to our success. He spearheaded the subscription transition, transformed our growth market engine, and has inspired people across the organization to deliver well ahead of expectations. With his support and leadership, we have delivered tremendous results, and the company is set up for long-term success. While my role with Cybark is changing, As executive chair, I'll stay very active. Working with Matt and the management team, I will focus on shaping our future by aligning our long-term strategy to our mission, preserving CyberArk's unique culture and brand, and fostering relationships with key customers and partners. It is very important to me that we get this right and that we have a smooth transition, continuity of leadership, and that we don't skip a beat in our execution. I believe that our plan accomplishes these objectives. Personally, Matt and I have formed a strong partnership based on shared values, a commitment to our mission, and friendship. We will continue to work together closely to ensure CyberArk executes and that we deliver our vision. Matt has joined us today, and I'm going to hand it over to him for a few comments. Matt?