Docebo's Impressive Growth

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.