Gen Digital Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Norton LifeLock fourth quarter fiscal year 2020 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's prepared remarks, there will be a question and answer session. To ask a question during this session, you will need to press star 1 on your touchtone phone. In the interest of time, and to make sure that we can answer as many questions as we can, we request that you limit yourself to asking one main question and one follow-up question. Please be advised that today's conference is being recorded. If you require any assistance during the call, please press star zero and an operator will be happy to assist you. I would now like to hand the conference over to Suhwan Kim, Head of Investor Relations. Please go ahead.

Thank you. I'm pleased to welcome you to our call to discuss our fourth quarter fiscal 20 earnings results. We posted the earnings material and slides to our Investor Relations Events webpage. Our speakers on today's call are Vincent Pellet, Norton LifeLock CEO, Samir Kapuria, President, and Matt Brown, Interim CFO. This call will be available for replay via webcast on our website. As a reminder, in connection with the sale of certain assets for our enterprise security business to Broadcom on November 4th, 2019, we changed our corporate name from Symantec to Norton LifeLock. The results of our enterprise security business were classified as discontinued operations in our condensed consolidated statement of operations and thus excluded from both continuing operations and segment results for all periods presented. Starting in the second quarter of fiscal 20, we operated in one reportable segment. Revenue and associated costs of our ID analytics solutions, which were formerly included in the enterprise series segment, are now included in our remaining reportable segment. On January 31, 2020, we completed the sale of our ID analytics solutions. I'd like to remind everyone that all references to final metrics are non-GAAP, unless otherwise stated. Please refer to the supplement of materials posted on the Investor Relations website for further definitions of our non-GAAP metrics. Please note, non-GAAP financial measures referenced during this call are reconciled to their comparable GAAP financial measures in the press release and supplemental materials posted on our website. We believe our presentation of non-GAAP financial measures, when taken together with corresponding GAAP financial measures, provide meaningful supplemental information regarding our operating performance for reasons discussed below. Our management team uses these non-GAAP financial measures in assessing our operating results as well as when planning and forecasting future periods. We believe our non-GAAP financial measures also facilitate comparisons of our performance to prior periods and that investors benefit from understanding our non-GAAP financial measures. Non-GAAP financial measures are supplemental and should not be considered as a substitute for financial information presented in accordance with GAAP. This call contains forward-looking statements based on conditions we currently see. Those statements are based on current beliefs, assumptions, and expectations speak only as of the current date and as such involve risks and uncertainties that may cause actual results to differ materially from our current expectations. In particular, our statements regarding the impact of the ongoing COVID-19 pandemic on our business and industry, our sale of our enterprise security assets to Broadcom, and anticipated benefits from such sale and cost reductions associated with this transaction are subject to a variety of risks. Please refer to the cautionary statement in our press release for more information. You will also find a detailed discussion of our risk factors and our filings with the SEC, and in particular, our annual report on Form 10-K for the fiscal year ended March 29, 2019, and recently filed quarterly reports on Form 10-Q. Let me now turn the call over to Vincent.

Thank you, Suhan. Good afternoon and thank you for joining us today. I want to start this call by thanking all our employees, as I know many of you are listening. Each of you has persevered in driving our mission and supporting our customers while working from home and adjusting to this new reality. Our mission is to protect people's online activities, which has never been more relevant than today. And on behalf of all our employees, I also want to thank our customers for the trust you have placed in our products and in us. Our business is built around prevention, detection, and restoration of potential damages caused by hackers. Managing and handling crisis is part of our DNA.