Earnings release
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September 14 , 2021 skillsoft Skillsoft Raises Full Year Guidance and Reports Strong Financial Results for the Second Quarter of Fiscal 2022 Results Exceed Expectations with Bookings¹ Up 18 % Percipio Bookings Up 47 % , Highlighting New Product Momentum and Successful Platform Migration Acquired Pluma for $ 22 Million , Adding Valuable Digital Coaching and Professional Development Solution for Emerging Leaders Recruited Experienced Leadership Team to Oversee Execution of Strategic Priorities , Accelerate Growth and Drive Value Creation BOSTON -- ( BUSINESS WIRE ) -- Skillsoft Corp. ( NYSE : SKIL ) ( “ Skillsoft " or the " Company " ) , a global leader in corporate digital learning , today announced its financial results for the second quarter of fiscal 2022 ended July 31 , 2021. The Company's results exceeded its expectations , and Skillsoft raised its bookings and adjusted revenue guidance for the full year . " We are pleased with Skillsoft's strong performance during our initial quarter as a public company , " said Jeffrey R. Tarr , Skillsoft's Chief Executive Officer . " We delivered double - digit bookings growth , won multiple new blue - chip customers , and acquired fast - growing digital coaching platform Pluma , enabling us to offer an on - demand , executive - quality leadership development solution to our customers , which include approximately 70 % of the Fortune 1000. " Mr. Tarr added , " We see substantial opportunity to extend our leadership in the rapidly expanding and highly fragmented corporate learning industry as we innovate and invest in growth . Our new leadership team is executing well against our strategic priorities , and we are well - positioned to create significant value for our customers , shareholders and other stakeholders . " Fiscal 2022 Second Quarter Financial Highlights² • Strong bookings growth across all three business segments , with Content up 9 % , Global Knowledge up 30 % and SumTotal up 15 % ; bookings in Content and Global Knowledge combined were up 19 % , and total bookings were up 18 % ; • GAAP³ revenue for the reported period was $ 106 million and GAAP net loss was $ 49 million ; • Adjusted revenue of $ 176 million grew 5 % and adjusted EBITDA of $ 43 million grew 2 % ;