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Skillsoft Corp. reports developments in AI-native skills management, enterprise digital learning, and workforce training. Company updates focus on the Skillsoft Percipio platform, AI learning and skills-validation activity, CAISY simulator adoption, and learning programs across leadership, technology, compliance, and IT training services.
Recurring news also covers Talent Development Solutions results, fiscal earnings, analyst and market-recognition reports for digital learning, board governance changes, and NYSE continued-listing compliance disclosures. The company describes its platform as unifying learning, real-time skills intelligence, and workforce insights for enterprises building human and AI capabilities.
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DigitalOcean Holdings, a leading cloud provider for SMBs, has appointed Nancy S. Coleman as the new Senior Vice President of Corporate Communications. Reporting directly to CEO Yancey Spruill, Coleman will manage both internal and external communications, enhancing the company's brand narrative. Her extensive background includes a prior role at Skillsoft and key positions at Maxar Technologies and DigitalGlobe. CEO Spruill expressed optimism over Coleman's capabilities, highlighting her potential to accelerate DigitalOcean's growth towards its first $1 billion in revenue. DigitalOcean focuses on simplifying cloud computing for small and medium-sized businesses, aiming to foster innovation and growth.
Skillsoft Corp. (NYSE: SKIL) reported a GAAP revenue of $555 million for fiscal year 2023, beating full-year revenue outlook. The company achieved a 5% growth in Skillsoft Content segment bookings year-over-year in constant currency. In the fourth quarter, GAAP revenue reached $140 million, a 3% increase year-over-year, despite a net loss of $53 million. Adjusted EBITDA stood at $22 million, with a 16% margin. The Global Knowledge segment faced challenges, with bookings down 13% year-over-year but showing a 2% sequential growth. The company has established a strong position in technical skills training through the acquisition of Codecademy and remains optimistic for fiscal 2024, projecting bookings of $610 million to $640 million.
Skillsoft (NYSE: SKIL) has released its 2023 Women in Tech Report, revealing significant gender disparities in technology roles. The report highlights that 45% of female technologists feel outnumbered by men in their workplaces, doubling from 25% in 2021. At executive levels, only 4% of women hold such positions compared to 15% for men. Job satisfaction among women has declined to 28%, down from 44% in 2021, with many considering leaving due to inadequate growth opportunities and pay. Despite these challenges, 92% value professional development, with many pursuing leadership certifications. The report underscores the urgency for equity and career advancement support in tech.
Skillsoft (NYSE: SKIL) is set to release its fiscal 2023 fourth quarter and full-year financial results on April 11, 2023, after market close. A conference call and webcast will take place at 5:00 p.m. Eastern Time to discuss the results. Investors can access the call by dialing (877) 413-9278 within the U.S. and Canada or (215) 268-9914 internationally. The live webcast will be available on the Investor Relations page of Skillsoft’s website, with a replay accessible for six months. Skillsoft aims to deliver transformative learning experiences, helping organizations grow their workforce capabilities.
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