SKIL - Skillsoft stock climbs following Q2 report; raises FY22 revenue outlook

Skillsoft’s CEO: “We delivered double-digit bookings growth, won multiple new blue-chip customers, and acquired fast-growing digital coaching platform Pluma, enabling us to offer an on-demand, executive-quality leadership development solution to our customers, which include ~70% of the Fortune 1000.” Adjusted revenue grew 5% Y/Y to $176M; adjusted EBITDA of was up 2% at $43M. Combined Percipio and dual deployment dollar retention rate of 103% compared to 102%. The Company refinanced long-term debt, reducing annual cash interest expense by ~$25M. Skillsoft (NYSE:SKIL) +5%, raised its bookings and adjusted revenue guidance for the full year:

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Skillsoft stock climbs following Q2 report; raises FY22 revenue outlook