Chip Paucek | CEO |
Cathy Graham | CFO |
Ed Goodwin | IR |
Michael Nemeroff | Credit Suisse |
Michael Tarkan | Compass Point |
Sarah Hindlian | Macquarie Group |
Monika Garg | KeyBanc Capital Markets |
Kerry Rice | Needham & Company |
Brian Schwartz | Oppenheimer |
Corey Greendale | First Analysis |
Jeff Meuler | Robert W. Baird |
Jeff Silber | BMO Capital Markets |
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the 2U, Inc. 2017 Fourth Quarter Earnings Call. At this time, all participants are in a listen-only mode to prevent background noise. [Operator Instructions]We will conduct a question-and-answer session And now I would like to welcome your host, Mr.