Skillsoft Corp Stock Price, News & Analysis

Skillsoft (NYSE:SKIL) has released the Global Knowledge IT Skills and Salary Report for 2021, revealing critical IT skills gaps affecting productivity and increasing employee stress. The report shows that 76% of IT decision-makers report significant skills shortages, reflecting a 145% increase since 2016. Key drivers include rapid technology changes (38%), challenges in attracting talent (35%), and insufficient training resources (32%). The financial impact is estimated to reach $6.5 trillion globally by 2025. Organizations investing in training report improved employee engagement and performance.

Skillsoft Corp. (NYSE: SKIL) has appointed Kristi Hummel as Chief People Officer. With over 25 years of HR experience in global tech firms, she aims to enhance talent acquisition and retention strategies. CEO Jeffrey R. Tarr expresses confidence in her ability to strengthen the company’s leadership culture and advance its growth strategies. Hummel, previously at Dell Technologies, is expected to support Skillsoft's mission in corporate digital learning, addressing the skills gap and evolving workplace demands.

Skillsoft Corp. (NYSE: SKIL) announces its sponsorship of the 2022 EllevateHER Forward Fellowship Program, aimed at supporting women impacted by COVID-19. The initiative, launched by Ellevate Network, offers access to resources for career advancement for women+, including 250 fellows who will receive Skillsoft's Percipio learning platform access. The program responds to significant job losses among women during the pandemic and promotes reskilling efforts to aid their return to the workforce. Applications for the fellowship will open mid-next year.

Skillsoft Corp (NYSE: SKIL) has launched the Skillsoft Percipio for Microsoft Teams App, enhancing collaborative learning experiences for enterprises. This development comes amid the shift in employee learning preferences due to COVID-19. The platform allows users to engage with learning materials and share insights seamlessly within Microsoft Teams, addressing long-standing skills gaps. Skillsoft aims to empower organizations to bridge these gaps by providing easy access to valuable resources directly in their workflow, boosting productivity and engagement.

Skillsoft Corp. (NYSE: SKIL) has introduced new features and content on its Percipio platform, offering users 30 days of free access. This move aims to address the growing skills gaps in the workforce amid significant shifts towards digital and remote work environments. The launch includes enhanced upskilling initiatives and a wide range of courses in cloud, cybersecurity, and leadership skills. Following its acquisition of Global Knowledge in June 2021, Skillsoft now provides access to nearly 28,000 instruction hours and has aligned its offerings with major tech partners like Microsoft and AWS.

Skillsoft Corp. (NYSE: SKIL) reported strong Q2 2022 results with total bookings growing 18%, driven by Content up 9%, Global Knowledge up 30%, and SumTotal up 15%. Adjusted revenue reached $176 million, a 5% increase, while GAAP revenue was $106 million. The company acquired Pluma for $22 million to enhance digital coaching offerings. Skillsoft raised its full-year guidance for bookings to $690-710 million and adjusted revenue to $670-690 million. However, it noted delays in realizing synergies from its business combination and higher insurance costs, maintaining its adjusted EBITDA outlook.

Skillsoft Corp. (NYSE: SKIL) will report its financial results for the fiscal 2022 second quarter, ending July 31, 2021, on Tuesday, September 14, 2021, after market close. The company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss these results. Interested parties can access the call through specific dial-in numbers or via the company's Investor Relations website. Skillsoft specializes in corporate digital learning, offering a diverse range of learning solutions aimed at bridging skill gaps and enhancing workforce engagement.

Skillsoft (NYSE: SKIL) has announced its annual Global Knowledge 15 Top-Paying Certifications List, highlighting in-demand skills and associated average salaries. Cybersecurity and cloud certifications dominate the list, both crucial for risk management in organizations. Data shows 76% of IT decision-makers face skills gaps, impacting recruitment and productivity. The list, based on a survey of over 3,700 IT professionals, indicates that the highest salaries exceed $150,000, with ITIL® Foundation being the most held certification. Skillsoft aims to bridge the global skills gap through targeted learning solutions.

Skillsoft Corp. (NYSE: SKIL) appointed Gary W. Ferrera as Chief Financial Officer and Eric Boyer as Senior Vice President of Investor Relations, effective September 20, 2021, and in Q4 2021, respectively. Ferrera, a seasoned finance executive with 30 years of experience, previously served as CFO of Cardtronics. Boyer brings nearly 20 years of IR experience from IHS Markit. Both appointments aim to strengthen Skillsoft's leadership in digital learning and enhance shareholder engagement. Skillsoft serves 70% of the Fortune 1000 and operates in over 160 countries.