Skillsoft Corp Stock Price, News & Analysis

Skillsoft (NYSE: SKIL), a platform for transformative learning experiences, has been awarded 'Most Dedicated to Employee Growth' in the Digiday WorkLife Awards. The recognition emphasizes the company's focus on building AI literacy among its workforce through personalized, blended learning programs.

The company's comprehensive talent development strategy includes on-demand courses, instructor-led training, role-based career pathways, and interactive simulations via its AI-powered coach, Skillsoft CAISY™. This recognition follows Skillsoft's recent inclusion in Built In's 2025 Best Places to Work list in two categories: '100 Best Large Companies to Work For' and '100 Best Remote Companies to Work For'.

Skillsoft announced a new integration with SAP SuccessFactors' talent intelligence hub, aimed at enhancing skills-based workforce planning and development. The integration enables businesses to gain deeper insights into their workforce's skills and deliver personalized learning paths aligned with employee and business needs.

According to recent surveys, 82% of employees reported their organizations are transitioning to a skills-based model. However, significant challenges persist, with 41% of HR leaders stating their workforce lacks required skills, 50% saying their organizations don't effectively leverage skills, and 62% viewing uncertainty around future skills as a significant risk.

The integration, available for early adopters and fully launching in early 2025, offers benefits including centralized skills management, enhanced workforce agility, increased employee engagement, improved talent mobility, and optimized tracking with actionable insights.

Skillsoft (NYSE: SKIL) released research highlighting significant gaps between organizational goals and workforce readiness for 2025. The study, surveying over 2,100 employees across the US, UK, and Germany, reveals that only 48% of workers know their company's strategic goals, with just 40% clear about their role in achieving them. Despite skills gaps being a major business transformation barrier, only 19% of organizations prioritize closing them.

Key findings show that merely 23% of employees feel extremely prepared for future work challenges. Top organizational priorities include improving operational efficiency (48%), increasing revenue (46%), and enhancing customer experience (39%). The research also indicates low satisfaction levels, with only 25% of respondents extremely satisfied with their current roles and 21% with their organization's culture.

Skillsoft (NYSE: SKIL) reported Q3 FY2025 financial results, showing mixed performance. Total revenue reached $137 million, slightly down from $139 million year-over-year. Talent Development Solutions revenue grew 2% to $103 million, while Global Knowledge revenue declined to $34 million.

The company reduced its net loss to $24 million from $28 million in the prior year, with adjusted EBITDA improving to $32 million (23% margin) from $30 million (21% margin). Gross debt decreased by $35 million to $591 million.

Following these results, Skillsoft raised and tightened its FY2025 revenue guidance to $520-530 million, while maintaining its adjusted EBITDA outlook at $105-110 million.

Skillsoft (NYSE: SKIL) has announced it will release its third quarter fiscal 2025 financial results after market close on Tuesday, December 10, 2024. The company will host a conference call and webcast to discuss the results at 5:00 p.m. Eastern Time on the same day. Investors can access the conference call via phone from the US and Canada at (877) 413-9278 or internationally at (215) 268-9914. A live webcast will be available on Skillsoft's Investor Relations page, with a replay accessible for six months.

Skillsoft has released its 2024 IT Skills and Salary Report, based on insights from over 5,100 global IT decision-makers. The report reveals that AI/ML remains the top investment priority (47%) while being the lowest-ranked skillset among team members. 65% of IT decision-makers report skill gaps in their teams, with 72% planning to address them through training. Notably, 94% observed tangible benefits from training, up from 90% last year. The report highlights challenges in hiring cybersecurity talent (38%) and AI/ML specialists (20%). Organizations are focusing on upskilling existing talent, with certified staff bringing at least $25,000 in annual added value according to over one-third of decision-makers.

Skillsoft Global Knowledge has achieved significant recognition, earning 'Partner of the Year' awards from four major technology organizations in 2024. Cisco named them 'Learning Partner of the Year' at their Partner Summit, while Palo Alto Networks awarded them 'Global Authorized Training Partner of the Year'. CompTIA recognized them as 'U.S. Delivery Partner of the Year', and EC-Council honored them with multiple awards, including the 'ATC Enterprise Circle of Excellence Award'.

These accolades recognize Global Knowledge's excellence in delivering technology and cybersecurity training, featuring AI-powered interactive environments and expert-level instruction. The company's commitment to building a technologically skilled workforce and providing comprehensive learning experiences has been highlighted across all awards.

Skillsoft (NYSE: SKIL) has introduced new platform enhancements to help organizations transition to skills-based talent strategies. These improvements, showcased at Skillsoft Perspectives 2024, include:

1. An AI-generated skills taxonomy integrated into the learning platform, providing a standardized framework for aligning skills to various categories.

2. Role Advisor, an AI-powered tool that aligns specific learning experiences with learners' current jobs and career aspirations. Early access customers observed that learners who selected a job role were 14% more likely to make learning a recurring habit.

3. Detailed skill reports allowing organizations to export learning data and filter learning activity by skill, driving strategic workforce planning and talent development efforts.

These enhancements aim to streamline talent management, deliver personalized learning experiences, and provide robust reporting tools for identifying talent development trends.

Skillsoft (NYSE: SKIL) has unveiled innovative features to enhance learning experiences, focusing on certification management and generative AI (GenAI) technologies. The new Certification Paths streamline the process for earning certifications from top providers, offering a single platform for discovery, preparation, and tracking. This addresses the high value of certifications, with executives valuing them at $20,000 or more per employee annually.

Leveraging GenAI, Skillsoft introduces:

• Smart Content Discovery with AI Assistant for tailored recommendations
• AI-Assisted Search for clarifying queries
• Personalized AI Coaching Guide
• AI Learning Assistant for Codecademy courses

These enhancements aim to create more personalized, efficient learning journeys, addressing the challenge that 25% of workers face in finding relevant training experiences.