Shares of Docebo soared on Friday following the news of the technology company's impressive performance in the latest quarter. The company's profit nearly doubled, driven by stronger-than-expected revenue.
Financial Success
- Docebo's shares surged by 13% to C$70.62 in Toronto.
- Nasdaq also saw a 13% increase in the stock price, reaching $52.
- The total rise over the past year amounts to an impressive 43% and 45% on Toronto and Nasdaq respectively.
Fourth-quarter Results
- Docebo reported fourth-quarter net income of $3.2 million, or 10 cents per share, a significant improvement from the previous year.
- Adjusted earnings per share stood at 25 cents, far exceeding analysts' expectations of 12 cents as per FactSet.
- Revenue for the quarter reached $49.3 million, surpassing the company's own forecast.
Promising Outlook
- Subscription revenue, the key segment for Docebo, experienced a remarkable 28% increase.
- Revenue from professional services also saw growth, rising by 4.2%.
- For the first quarter of the new year, Docebo anticipates revenue figures between $51 million and $51.3 million.
The success of Docebo reflects its strong performance and bright future in the technology sector.
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