5/9/2024

speaker
Operator
Conference Operator

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, again, press the star one. I would like to now hand the conference over to your first speaker today, Head of Investor Relations, Alexey Lakhtchikov. Please go ahead.

speaker
Alexey Lakhtchikov
Head of Investor Relations

Good afternoon and thank you for joining us on today's conference call to discuss the financial results for Disco's first quarter of fiscal year 2024. With me on today's call are Scott Hill, DISCO's incoming Chair of the Board of Directors, Eric Friedriksen, DISCO's Chief Executive Officer, and Michael LaFerre, DISCO's Chief Financial Officer. Today's call will include forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. including but not limited to statements regarding our financial outlook and future performance, the impact of changes to our executive leadership, our future capital expenditures, market opportunity, market position, product strategy, and growth opportunities, the benefits of our product offerings and developments in the legal technology industry, including those related to the role of artificial intelligence. In addition to our prepared remarks, our earnings press release, SEC filings, and a replay of today's call can be found on our investor relations website at ir.csdisco.com. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. Forward-looking statements represent our management's belief and assumptions only as of the date made. Information of factors that could affect the company's financial results is included in its filings with the SEC from time to time, including the section titled Risk Factors in the company's annual report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 22, 2024, and the company's upcoming quarterly report on Form 10-Q for the quarter ended March 31, 2024. In addition, during today's call, we will discuss non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP. Reconciliation between GAAP and non-GAAP financial measures and the discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalent is available in our earnings release. And with that, I think it's from the call over to Scott.

speaker
Scott Hill
Incoming Chair of the Board of Directors

Thanks, Alexi. Good afternoon, everyone, and thank you for joining us. I'm very excited that we are joined today by DISCO's new CEO, Eric Friedrichson. I noted on my very first call nearly eight months ago that I was committed to be DISCO's CEO until we found an outstanding long-term answer. Eric is that person. The board conducted a global search and interviewed a diverse range of candidates, to find a CEO to take Disco to the next level. We took our time to find a person who we believe can enable Disco's long-term success. Eric stood out above everyone else. His experience scaling global software companies, leading complex sales functions, developing best-in-class products, and elevating the customer's voice, combined with a deep commitment to building and leading a collaborative and healthy culture, made it clear that he is the right person for the job. Eric is uniquely positioned to lead DISCO into its next stage, which we believe will be characterized by a strong company culture, a return to consistent growth, and improved profitability and shareholder returns. I'm excited at the prospect of working closely with Eric as the chair of DISCO's board of directors to help support him and the DISCO team who have come to mean so much to me. Before we discuss our first quarter performance, I want to give Eric an opportunity to introduce himself. Eric?

Disclaimer

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