<div>
  <ul>
    <li>
      <p>
        Docebo, the provider of a SaaS-based learning management system (LMS), reported a non-GAAP EPS of USD 0.14 in Q2 2023, above the consensus estimate of USD 0.05 per share. The company reported revenue growth of 25% YoY to USD 43.6 million in Q2 2023, while annual recurring revenue (ARR) rose 25%YoY to USD 172.9 million.
      </p>
    </li>
    <li>
      <p>
        At the segmental level, the growth in top-line was supported by increases in subscriptions (up 28% YoY, ~94% share of total revenue) and professional services (down 9% YoY, 6% share of total revenue). Docebo&rsquo;s customer base expanded by 15.6% YoY to reach 3,591 customers by the end of Q2 2023.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Docebo&rsquo;s gross margin increased by 2.6 percentage points (pp) YoY to 80.7% in Q2 2023. The company reported a net loss of USD 5.7 million for the quarter, compared to a net income of USD 2.1 million the previous year. Adjusted EBITDA was USD 3.1 million in Q2 2023, compared to an adjusted EBITDA loss of USD 0.3 million in Q2 2022.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The company expects revenue for Q3 2023 to be within the range of USD 45.9 million to USD 46.1 million. Additionally, the gross profit margin is expected to be between 80.0% and 81.0%, and adjusted EBITDA margin is expected to be between 7.5% and 8.0%.
      </p>
    </li>
    <li>
      <p>
        During the quarter, Docebo&rsquo;s notable customer acquisitions included: 1) A Big 5 US-based global technology leader; 2) A large provincial government agency in Ontario, Canada; 3) Rolls Royce Power Systems; 4) The Royal College of Physicians and Surgeons of Canada; 5) HEI Hotels &amp; Resorts, a hotel investment and management company with over 100 properties; 6) Acuity Brands, a lighting, controls and building management systems firm with about 13,000 employees headquartered in Atlanta, Georgia; 7) Darwinbox, the fastest-growing HCM in India and Southeast Asia; and 8) A global OEM alliance with a Big 4 professional services partnership.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://docebo.inc/news/news-details/2023/Docebo-Reports-Second-Quarter-2023-Results/default.aspx">
      Press release&nbsp;
    </a>
  </p>
  <p>
  </p>
</div>


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