monday.com Ltd.

Ladies and gentlemen, thank you for standing by. My name is Desiree and I will be your conference operator today. At this time, I would like to welcome everyone to Mondays.com's second quarter fiscal year 2023 earnings conference call. I would like to turn the call over to Mondays.com's Director of Investor Relations, Mr. Byron Stephen. Please go ahead.

Hello, everyone, and thank you for joining us on today's conference call to discuss the financial results for Monday.com's second quarter fiscal year 2023. Joining me today are Roy Mann and Aaron Zinman, co-CEOs of Monday.com, and Elrond Glazer, Monday.com's CFO. We released our results for the second quarter earlier today. You can find our quarterly shareholder letter, along with our investor presentation, and a replay of today's webcast under the News and Events section of our IR website at ir.monday.com. Certain statements made on the call today will be forward-looking statements, which reflect management's best judgment based on the currently available information. These statements involve risks and uncertainties that may cause actual results to differ from our expectations. Please refer to our earnings release for more information on the specific factors that could cause actual results to differ materially from our forward-looking statements. Additionally, non-GAAP financial measures will be discussed on the call. Reconciliations to the most directly comparable GAAP financial measures are available in the earnings release and the earnings presentation for today's call, which are posted on our investor relations website. Now let me turn the call over to Roy.

Thank you, Byron, and thank you everyone for joining us today. In the second quarter, we continued to make significant strides in executing our long-term strategy, deliver exceptional results, revenue grew 42% as demand for our customers remained healthy. We continued to demonstrate improved operating efficiency and cash generation. Reflecting our ongoing commitment to driving sustainable growth, Eliran will talk you through our financial performance in more detail. This quarter, we are thrilled to announce the completion and release of MondayDB 1.0 to all our accounts. This is the initial version of our brand new infrastructure for the WorkOS platform. With MondayDB, customers are already experiencing large and more complex boards loading five times faster. Enable them to work more efficiently and handle data intensive and complicated workflows. Future releases of MondayDB will provide even more speed, enhancements, scalability, and functionality. In Q2, we also launched our AI Assistant and introduced several new AI capabilities. These include automated task generation, formula builder, email composition, and content generation. Additionally, we opened our AI Assistant infrastructure to external developers and hosted a global AI hackathon, which generated tremendous interest. With over 1,600 registrants and more than 40 AI apps developed, the hackathon showcased the enthusiasm and talent within our monday.com community. We have also been working to optimize our infrastructure and interface to enhance the user experience and reinforce a robust multi-product ecosystem. we see an extraordinary opportunity to enhance cross-selling efforts, strengthen inter-department organizational connection, and solidify Monday.com as a vital partner across all business use cases. Let me now turn it over to Eran to walk you through some of our recent innovation efforts. Thank you, Roy.