Docebo Clocks 25% Revenue Growth In Q2, Beats Estimates
Portfolio Pulse from Akanksha Bakshi
Docebo Inc reported Q2 FY23 revenue growth of 24.8% YoY to $43.59 million, beating the consensus of $43.03 million. Subscription revenue was $40.8 million, representing 94% of total revenue. Adjusted EPS improved to $0.14 from $(0.02), beating the consensus of $0.08. For Q3, Docebo expects total revenue of $45.9 million-$46.1 million versus consensus of $45.41 million.
August 10, 2023 | 2:57 pm
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POSITIVE IMPACT
Docebo reported strong Q2 FY23 results, beating revenue and EPS estimates. The company also provided a positive outlook for Q3.
Docebo's Q2 FY23 results exceeded estimates, which is a positive signal for investors. The company's positive outlook for Q3 suggests continued growth, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100