Docebo Inc. (NASDAQ: DCBO) saw its stock price surge 11.76% in Friday's pre-market trading session following the release of its impressive second-quarter earnings report. The learning platform provider, known for its AI-driven solutions, outperformed analyst expectations on both revenue and profitability metrics.
The company reported adjusted earnings of $0.30 per share for Q2, significantly beating the analyst consensus estimate of $0.22 by 35.14%. This represents a 15.38% increase from the $0.26 per share reported in the same period last year. Total revenue came in at $60.732 million, surpassing the analyst estimate of $58.831 million by 3.23% and marking a 14.47% year-over-year growth.
Docebo's strong performance was primarily driven by its subscription revenue, which reached $57.1 million, accounting for 94% of total revenue and showing a 15% increase from the previous year. The company's President & CEO, Alessio Artuffo, highlighted the solid quarter performance, noting that Docebo outperformed its guidance on both revenue and profitability while maintaining disciplined execution in an uncertain macro environment. The company's focus on advancing its AI-first strategy and recent achievements, such as obtaining FedRAMP Moderate Authorization, position it well for future growth and expansion in the public sector.
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