Instructure Holdings, Inc. (NYSE:INST) Q3 2023 Earnings Call Transcript October 30, 2023 5:00 PM ET

Company Participants

David Banks – VP, IR

Steve Daly – CEO

Dale Bowen – CFO

Peter Walker – Incoming CFO

Conference Call Participants

Stephen Sheldon – William Blair

Josh Baer – Morgan Stanley

George Kurosawa – Citi

Joe Vruwink – Baird

Fred Havemeyer – Macquarie

Brian Peterson – Raymond James

Terry Tillman – Truist Securities

Devin Au – KeyBanc Capital Markets

Ryan MacDonald – Needham and Company

Matthew VanVliet – BTIG

Noah Herman – JPMorgan

David Lustberg – Jefferies


Ladies and gentlemen, thank you for standing by and welcome to Instructure’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. And please be advised that this conference is being recorded.

I would now like to turn the conference over to your first speaker, David Banks, Vice President, Investor Relations. Mr. Banks, please go ahead.

David Banks

Thank you. Good afternoon and welcome to Instructure’s Q3 2023 earnings conference call. With me are Instructure’s Chief Executive Officer, Steve Daly; Chief Financial Officer, Dale Bowen; and also Peter Walker, who will assume the role of CFO of Instructure on November 13th. We will discuss our Q3 2023 earnings results, as well as the signing of a definitive agreement to acquire Parchment, the world’s leading academic credentialing platform. We will provide an overview of the transaction, as well as an initial view into their financial, based on due diligence conducted to date.

Before we begin, I’d like to remind you that today’s conference call will include forward-looking statements based on the company’s current expectations. These forward-looking statements are subject to a number of significant risks and uncertainties, and our results may differ materially. For

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