Udemy, Inc. operates an AI-powered skills acceleration platform for individuals and organizations, with enterprise and consumer learning offerings. Company news centers on applied learning tools, credentialing pathways, and partnerships that expand access to technical, business, AI, cloud, and professional-skills content.
Recent developments include AI Role Play capabilities, the Altus agentic AI concept for workforce skilling, certification journeys tied to Microsoft and AWS credentials, and learning integrations with Google and OpenAI. Corporate-status news also covers Udemy’s completed merger with Coursera and the subsequent transition of Udemy common stock away from Nasdaq listing.
Udemy's latest research report, 'Workplace 2.0: The Promise of the Skills-based Organization,' reveals insights on the shift towards skills-based talent management. Based on a survey of 1,600 professionals, 84% of companies are considering or have started implementing skills-based processes. However, these practices are not deeply integrated across all departments. The study highlights the need for new leadership skills, intentional collaboration, and investments in skills verification. While skills-based strategies promote equity and career advancement, only a small percentage of respondents noticed improved fairness and diversified leadership representation. The report offers practical advice for companies to effectively transition to skills-based approaches.
Udemy, a prominent online learning platform, will participate in two key investor conferences in June 2024. The company will present at the William Blair Annual Growth Stock Conference on June 5 at 10:40 a.m. PT / 1:40 p.m. ET and the BofA Securities Global Technology Conference on June 6 at 9:20 a.m. PT / 12:20 p.m. ET. Both events will be webcast live and accessible through Udemy's investor relations website, with replays available for 90 days.
Udemy (Nasdaq: UDMY) has appointed Rob Rosenthal as Chief Revenue Officer (CRO) effective June 3, 2024. Rosenthal, with over 25 years of software industry experience, will lead Udemy Business, focusing on global enterprise sales strategy and sustainable growth. He previously served as CRO at Bloomreach, where he tripled revenue, and held senior roles at Adobe and SAP, driving significant revenue growth. Udemy aims to leverage Rosenthal's expertise to expand market presence and capture growth opportunities amid increasing global demand for workforce skill development.
Udemy (Nasdaq: UDMY) announced that CEO Greg Brown and CFO Sarah Blanchard will participate in a fireside chat at the J.P. Morgan Annual Global Technology, Media and Communications Conference. The session will occur on May 21, 2024, at 11:25 a.m. PT / 2:25 p.m. ET and will be webcast live. Investors can access the webcast via the 'Events & Presentations' section on Udemy's investor relations website. The webcast will be archived for 30 days post-event.
Udemy, the leading online skills marketplace, reported a 24% revenue growth year-over-year with more than 16,000 enterprise customers globally. The company also expanded its share repurchase program to $150 million. Despite a decrease in net loss and strong revenue growth, the consumer segment revenue declined by 2% year-over-year. Udemy's Board of Directors authorized an additional $50 million for the share repurchase program, emphasizing the company's commitment to growth and shareholder returns.
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