Welcome to our dedicated page for Skillsoft news (Ticker: SKIL), a resource for investors and traders seeking the latest updates and insights on Skillsoft stock.
Skillsoft Corp. (NYSE: SKIL) is a software and information company focused on AI-native skills management and corporate digital learning. News about Skillsoft often centers on how the company’s platform and strategy help organizations address widening skills gaps, support workforce transformation, and align learning with business performance in a human + AI era.
Investors and learners following SKIL news can expect updates on the Skillsoft Percipio Platform, which the company describes as an AI-native skills intelligence platform that unifies learning, real-time skills intelligence, and workforce insights. Announcements may highlight new AI capabilities, such as AI-powered content creation tools, skills intelligence features, and interactive learning experiences that connect skill development to measurable business outcomes.
Skillsoft news also covers segment performance and strategic decisions related to its Talent Development Solutions (TDS) and Global Knowledge (GK) segments. Earnings releases and Form 8-K filings provide information on revenue trends, adjusted EBITDA, and the company’s transformation strategy, including reviews of strategic alternatives for the GK instructor-led training business and cost structure initiatives.
Another key theme in SKIL news is partnerships and ecosystem expansion. Recent announcements include a strategic partnership with edX to bring university-led courses directly into the Skillsoft platform, recognition of Skillsoft Global Knowledge as an AWS EMEA Training Partner of the Year, and the availability of Skillsoft’s AI-powered platform in AWS Marketplace. News may also feature research findings from Skillsoft’s Global Skills Intelligence Survey, which examines skills gaps, talent development practices, and the impact of AI on workforce readiness.
For those tracking SKIL, this news stream provides insight into how Skillsoft evolves its AI-native platform, engages with partners, and responds to enterprise demand for leadership, technology, and compliance skills worldwide.
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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