Skillsoft Corp. (SKIL) Q1 2027 Earnings Call Transcript
Skillsoft Corp. (SKIL) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.3 per share a year ago.
Skillsoft NYSE: SKIL reported lower first-quarter fiscal 2027 revenue as expected weakness in government bookings and the company's consumer business weighed on results, while management pointed to improving customer retention, platform adoption and bookings as signs that its transformation plan is gaining traction.
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Ronald W. Hovsepian CEO | XDUS Exchange | US83066P3091 ISIN |
| US Country | 2,225 Employees | - Last Dividend | 2 Oct 2023 Last Split | 26 Jul 2019 IPO Date |
Skillsoft Corp. is a leading provider of professional training and development solutions, serving clients across the United States and internationally. Operating from its headquarters in Greenwood Village, Colorado, the company specializes in delivering a broad range of content, platform, and instructor-led training services. Skillsoft caters to a diverse clientele, including businesses of various sizes, government agencies, educational institutions, and resellers. Through its comprehensive offerings, Skillsoft commits to supporting the lifelong learning journey of professionals in the realms of leadership and business, technology and developer disciplines, as well as compliance areas.
Skillsoft's Content & Platform segment focuses on delivering rich learning content across various topics including leadership and business skills, technology and developer training, and compliance. Its cutting-edge offerings are designed to meet individualized coaching needs and cover essential technical skills areas. One of the cornerstone products within this segment is Percipio, an innovative, AI-driven online learning platform. Percipio stands out by providing an immersive learning experience through state-of-the-art Software-as-a-Service (SaaS) solutions, tailored to enhance the professional development journey of learners.
The Instructor-Led Training segment underscores Skillsoft's commitment to delivering top-notch training solutions that encompass both information technology and business skills. These services are meticulously crafted for corporations and their employees, ensuring relevance and up-to-dateness in skill training. Skillsoft achieves this by offering a mix of instructor-led, vendor-certified, and proprietary training courses. This blend is designed to guide customers across all stages of their technological learning journey, empowering them with the necessary skills to succeed in an ever-evolving digital world.