- Docebo Inc (NASDAQ:DCBO) reported fourth-quarter FY21 revenue growth of 59% year-on-year to $29.8 million.
- The leading AI-powered learning suite’s Subscription revenue of $27.5 million increased 64% Y/Y.
- Annual Recurring Revenue rose 59% Y/Y to $117.7 million.
- The number of customers was 2,805, up 28.7% Y/Y, while the Average Contract Value rose 23.6% Y/Y to $41,971.
- The gross margin contracted 450 bps to 79.6%. Gross profit rose 50.3% Y/Y to $23.7 million.
- EPS loss was $(0.04).
- Docebo held $215.3 million in cash and equivalents.
- “The strong momentum that we have experienced throughout 2021 continued in the fourth quarter as we delivered another record quarter of new logo sales, adding $14.2 million in net annual recurring revenue,” said Claudio Erba, CEO and Founder.
- Price Action: DCBO shares closed higher by 8.25% at $45.38 on Wednesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Docebo Clocks 59% Revenue Growth In Q4 Backed By Customer Additions
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks