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Instructure, Inc. (INST) Q3 2018 Earnings Conference Call Transcript
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Logo of jester cap with thought bubble.

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Instructure, Inc. (NYSE: INST)
Q3 2018 Earnings Conference Call
Oct. 29, 2018, 5:00 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good day, and welcome to the Instructure Q3 2018 Earnings Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Erin Kasenchak. Please go ahead.

Erin Kasenchak -- Investor Relations

Thank you, operator. Good afternoon, everyone, and thank you for joining us on today's quarterly earnings conference call. Today's call is being hosted by Josh Coates, CEO; Dan Goldsmith, President; and Steve Kaminski, CFO.

Before we begin, I would 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 actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release and the other reports and filings we may file from time to time with the Securities and Exchange Commission. All of our statements are made as of today, based on information available to us as of today, and except as required by law, we assume no obligation to update any such statements. The content of today's conference call is Instructure's property and cannot be reproduced or transcribed without our prior written consent.

During the call, we will also refer to both GAAP and non-GAAP financial measures. You can find a reconciliation of our GAAP to non-GAAP measures included in our press release, which is posted to the Investor Relations section of our website. All of the non-revenue financial measures we will discuss today are non-GAAP, unless we state that the measure is a GAAP measure.

Now, I'd like to turn the call over to Instructure's CEO, Josh.

Josh Coates -- Chief Executive Officer

Thank you, Erin, and thank you everyone for joining us on our Q3 2018 earnings call. Let me start with a quick highlight of the quarter. Q3 revenue was $55.2 million, up 28% from the same quarter last year. And we realized year-over-year non-GAAP operating margin improvements of almost 7 percentage points. In Q3, in addition to consistent wins in the education space, we saw increased momentum in executing against our long-term strategy by offering a more robust suite of Bridge modules. Also, we had continued success winning key deals in the extended enterprise.