Docebo Expects Q3 Total Revenue Of $54M - $54.2M, Est $53.68M; Revises Total Revenue Growth Outlook From 17.0% - 18.5% To 18.0% - 19.0%
Portfolio Pulse from Benzinga Newsdesk
Docebo expects Q3 total revenue to be between $54M and $54.2M, surpassing the estimate of $53.68M. The company has revised its total revenue growth outlook from 17.0%-18.5% to 18.0%-19.0%. Subscription revenue is expected to grow faster than overall company revenue, while professional services revenue will decline sequentially from Q2.
August 08, 2024 | 10:21 am
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Docebo expects Q3 total revenue to exceed estimates and has revised its revenue growth outlook upwards. Subscription revenue is projected to grow faster than overall revenue, while professional services revenue will decline sequentially.
The upward revision in revenue growth outlook and the expectation of exceeding revenue estimates are positive indicators for Docebo's stock. The faster growth in subscription revenue is a strong positive, although the decline in professional services revenue may slightly offset this.
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