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Skillsoft Corp (SKIL) delivers cutting-edge digital learning solutions for global enterprises through its comprehensive training platforms and expert-led programs. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives and market position.
Access authoritative information on SKIL's financial performance, content partnerships, and leadership developments. Our curated collection features press releases spanning quarterly results, technology innovations in corporate education, and compliance training advancements.
Key updates include earnings announcements, platform enhancements, executive appointments, and industry recognition. Bookmark this page for streamlined tracking of Skillsoft's progress in transforming workplace learning through adaptive digital solutions.
Skillsoft (NYSE: SKIL) has announced a collaborative initiative with Microsoft to develop a generative AI (GenAI) skilling program. Leveraging Skillsoft's AI Skill Accelerator, the program aims to enhance business productivity and innovation through AI tools such as Microsoft Copilot and Azure Open AI. The blended learning experience includes on-demand courses, personalized coaching, live Instructor-Led Training (ILT), and hands-on practice labs. An initial pilot reported 98% of learners were able to apply new skills immediately. The program progresses organizations through AI maturity phases in as few as 90 days, offering tools for assessing and developing AI-related skills across the workforce. Skillsoft's internal use of Copilot demonstrates potential efficiency and creativity gains. Microsoft's Jeana Jorgensen highlights the partnership's goal of enabling AI transformation across businesses.
Skillsoft Corp. (NYSE: SKIL) will hold a virtual Investor Day on July 11, 2024, starting at 9:00 a.m. ET. The event will feature presentations from Executive Chairman Ron Hovsepian and other executive leaders, highlighting the company's transformative learning platform. The presentations will be streamed live via webcast on Skillsoft’s Investor Relations website, and an archived version will be available later that day. A Q&A session is scheduled, where participants can submit questions during the live webcast. Registration for the event is open.
Skillsoft (NYSE: SKIL) reported its Q1 FY 2025 results, ending April 30, 2024. Key highlights include a Content & Platform Dollar Retention Rate of around 99%, positive free cash flow of $10 million, and reaffirmed full-year financial outlook. The company achieved Workday Certified Integration Status and launched AI-powered Interactive Skill Benchmarks. Financially, total GAAP revenue was $128 million, down 6% year-over-year. GAAP net loss improved to $28 million from $44 million, and adjusted net loss per share improved to $3.37 from $3.68. Adjusted EBITDA was $19 million, down from $22 million. The company ended the quarter with $150 million in cash and equivalents. Skillsoft announced a Virtual Investor Day on July 11, 2024.
Skillsoft Corp. (NYSE: SKIL) announced that on June 4, 2024, its Compensation Committee granted 40,000 restricted stock units (RSUs) to Darren Bance, newly appointed General Manager of Skillsoft Global Knowledge. This grant is a material inducement under the Skillsoft Corp. 2024 Employment Inducement Incentive Award Plan.
The RSUs will vest over four years: 75% ratably over this period, and 25% based on both time- and performance-based conditions. This grant was made in accordance with NYSE Rule 303A.08, which mandates public disclosure of such awards.
Skillsoft (NYSE: SKIL) has appointed Darren Bance as the new General Manager of its Global Knowledge Business. Bance has over 25 years of leadership experience in technical education and skilling initiatives. The company believes his expertise will drive growth and innovation, especially in instructor-led training offerings. Bance previously served as COO of QA and held leadership roles at Capita Group, ShiftPoint ME, and Restrata His appointment underscores Skillsoft's commitment to enhancing live learning experiences as technological advancements reshape professional development.
Skillsoft (NYSE: SKIL), a prominent platform for transformative learning experiences, will release its first quarter fiscal 2025 financial results after market close on June 10, 2024.
A conference call and webcast to discuss the results will take place on the same day at 5:00 p.m. ET.
Interested parties in the United States and Canada can join the call by dialing (877) 413-9278, while international participants can use (215) 268-9914.
The webcast will be available on Skillsoft’s Investor Relations page, with a replay accessible for six months.
Skillsoft (NYSE: SKIL) has achieved Workday Certified Integration Status, connecting its learning platform with Workday HCM and Workday Skills Cloud. This integration offers a skills-based approach to learning, career development, and talent optimization, addressing critical skills gaps identified by decision-makers. The collaboration enables organizations to have a comprehensive view of their workforce's skills, delivering impactful talent development programs and enabling tailored learning experiences.
Skillsoft launched Interactive Skill Benchmarks (ISBs), a new capability in their Skill Benchmarks suite, aimed at addressing skills gaps in organizations. ISBs provide hands-on skill assessments focusing on practical application, helping organizations align skills with business needs. The first set of ISBs covers technology subjects like AI, programming, and data science, with plans for future expansions. Key features include interactive virtual environments, outcome-oriented assessments, personalized feedback, and comprehensive dashboards for skills tracking.
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