Sysco Corporation

Good morning and welcome to Cisco's second quarter fiscal 2020 conference call. As a reminder, today's call is being recorded. We will begin with opening remarks and introductions. I would like to turn the call over to Neil Russell, Vice President of Corporate Affairs. Please go ahead.

Good morning, everyone, and welcome to Cisco's second quarter fiscal 2020 earnings call. Joining me in Houston today are Ed Shirley, our Executive Chairman of the Board, Kevin Hurricane, our President and Chief Executive Officer, and Joel Grady, our Chief Financial Officer. Before we begin, please note that statements made during this presentation that state the company's or management's intentions, beliefs, expectations, or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act, and actual results could differ in a material manner. Additional information about factors that could cause results to differ from those in the forward-looking statements is contained in the company's SEC filings. This includes, but is not limited to, risk factors contained in our annual report on Form 10-K for the year ended June 29, 2019, subsequent SEC filings, and in the news release issued earlier this morning. A copy of those materials can be found in the Investors section at cisco.com or via Cisco's IR app. Non-GAAP financial measures are included in our comments today and in our presentation slides. The reconciliation of these non-GAAP measures to the corresponding GAAP measures are included at the end of the presentation slides and can also be found in the Investors section of our website. To ensure that we have sufficient time to answer all questions, we'd like to ask each participant to limit their time today to one question and one follow-up. At this time, I'd like to turn the call over to our Executive Chairman of the Board, Ed Shirley.

Good morning. Thank you, Neil, and thank you, everyone, for joining our second quarter fiscal 2020 earnings call. I'm proud to speak to you today as Cisco's new Executive Chairman. On today's call, I'll provide some introductory remarks about the recent leadership change, and then you'll hear from our new President and CEO, Kevin Hurrican. After that, Joel will walk you through our second quarter results. and then we'll take your questions. As you know, we recently announced senior leadership changes to accelerate the next phase of our development. This leadership transition was part of a deliberate and thoughtful process to ensure that Cisco is best positioned to enhance long-term value for all our stakeholders. While Cisco's performance has improved steadily over the last few years, we see a clear opportunity to accelerate growth. Kevin brings a demonstrated track record of delivering strong results and operational efficiencies within large and complex environments. He takes a strategic approach to winning in underdeveloped markets. We are highly confident he has the skill set and vision to capture the opportunities ahead. As executive chairman, I'll work closely with Kevin to ensure a smooth transition and provide input on key strategic priorities. Our board is excited about Cisco's future, and is fully supportive of Kevin, the leadership team, and all of Cisco's associates as they strive to continue to support our customers. I've had the opportunity to speak with many of you, and I look forward to continuing our dialogue as we move forward together. I'm now pleased to introduce Kevin, who will make brief remarks before handing the call over to Joel to discuss the quarter.