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Apr 30, 2023
Skillsoft Q1 2024 Earnings Report
Skillsoft had a strong start to the fiscal year, driven by bookings growth in the Content & Platform segment and expanded profitability.
Key Takeaways
Skillsoft reported a strong start to fiscal year 2024, with near double-digit bookings growth in the Content & Platform segment on a constant currency basis. This growth contributed to expanded profitability on an Adjusted EBITDA basis.
Skillsoft delivered a strong start to the fiscal year with near double-digit Bookings growth in the Content & Platform segment.
The strength in the high margin, SaaS-based segment contributed to expanded profitability on an Adjusted EBITDA basis.
Continued low unemployment and the proliferation of new technologies is driving organizations to invest in enterprise learning as a strategic priority.
The rapid rise of Generative AI is creating a new imperative for reskilling.
Forward Guidance
Skillsoft reaffirmed its financial outlook for the full-year fiscal 2024, expecting Bookings between $610 million and $640 million, GAAP Revenue between $555 million and $585 million, and Adjusted EBITDA between $100 million and $105 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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