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Skillsoft Corp. - SKIL STOCK NEWS

Welcome to our dedicated page for Skillsoft news (Ticker: SKIL), a resource for investors and traders seeking the latest updates and insights on Skillsoft stock.

Skillsoft Corp. (symbol: SKIL) is a leading American educational technology company that specializes in corporate digital learning. It offers a robust suite of learning management system software and content designed to enhance employee education and development. The company operates through two main segments: Content & Platform and Instructor-Led Training.

The Content & Platform segment is the core of Skillsoft's business, focusing on the sale, marketing, and delivery of comprehensive learning solutions. These solutions cover key areas including Leadership and Business, Technology and Developer, and Compliance. This segment generates the majority of the company's revenue, highlighting its pivotal role in Skillsoft's operations.

On the other hand, the Instructor-Led Training segment offers specialized training solutions aimed at enhancing information technology and business skills for corporations and their employees. By blending instructor expertise with Skillsoft's technology, the company provides a dynamic and immersive learning experience.

Skillsoft continues to make significant strides in the digital learning space with recent achievements including strategic partnerships and the launch of new learning platforms. The company's dedication to providing top-notch educational content is evident in its extensive library of courses and resources that cater to a wide range of professional development needs.

Financially, Skillsoft demonstrates a stable condition with consistent revenue generated primarily from its Content & Platform segment. The company's focus on innovation and quality education positions it as a key player in the corporate learning industry, making it a valuable resource for companies aiming to upskill their workforce.

News

Skillsoft’s Lean Into Learning Report Shows Multidimensional Skills Crisis Driving Demand for Workplace Learning

Rhea-AI Summary
Skillsoft releases its annual Lean Into Learning Report highlighting the impact of AI on workforce skills and competencies. The report emphasizes the need for continuous learning to stay competitive in a rapidly evolving environment, with AI transforming both what and how individuals learn. Leadership skills, technical fundamentals, and compliance training are key focus areas for organizations looking to thrive in the future.
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Skillsoft Advances Technology Skills Training for the AI Era With New Codecademy Learning Experiences

Rhea-AI Summary
Skillsoft (NYSE: SKIL) announces AI-powered enhancements to its technology skilling solution, Codecademy, to provide interactive learning experiences for organizations and learners. The integration of generative AI (GenAI) aims to help build critical technology skills for success in the AI era.
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AI Skills and Talent Gaps Widen as Innovation Accelerates: New Skillsoft Report

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Skillsoft (NYSE: SKIL) released its 2023 IT Skills and Salary Report, highlighting the pressing need for workforce upskilling and reskilling due to the rapid advancement of AI and machine learning technologies. Key findings include 43% of IT leaders rating their teams' AI and ML skill sets as low, and one-in-three IT leaders struggling to find qualified AI and ML talent. The report also reveals that 97% of IT leaders say certified staff adds value to their organization, and the top reason for skill building among IT professionals is to prepare their organization for new technology, especially as generative AI (GenAI) becomes more advanced.
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-1.79%
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Skillsoft Reports Financial Results for the Third Quarter of Fiscal 2024

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Skillsoft Corp. (NYSE: SKIL) delivered strong improvements in Adjusted EBITDA and Free Cash Flow, with Content & Platform segment Revenue growing by 3% and increased LTM Bookings by 4%. However, the GAAP net loss was $28 million compared to a net loss of $528 million in the prior year. The company ended the quarter with $130 million of cash and cash equivalents.
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Skillsoft to Participate in Fireside Chat at Barclays Global Technology Conference

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Skillsoft (SKIL) CEO and CFO to participate in fireside chat at Barclays Global Technology Conference
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Skillsoft Research Reveals Organizations Struggling to Balance CSR Core Values With External Pressures

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Skillsoft (NYSE: SKIL) - The 2023 Corporate Social Responsibility at Work Report by Skillsoft reveals a significant shift in CSR motivators and priorities, with only 13% of professionals stating that CSR commitments are driven by 'doing the right thing', down from 40% last year. Instead, corporate CSR efforts are now primarily driven by customer feedback, government mandates, and public perception. The study also shows that CSR has become a greater priority, with two-thirds of respondents reporting increased importance, and C-Suite leadership driving the efforts. CSR budgets have also increased, with training and education emerging as the top area of investment (41%).
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Skillsoft to Report Third Quarter 2024 Financial Results on December 5th

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Skillsoft (NYSE: SKIL) to release third quarter 2024 financial results on December 5th, 2023, and host a conference call at 5:00pm ET. The live webcast and replay details are available on the Investor Relations page of Skillsoft’s website.
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News Brief: Skillsoft Secures Two Training Magazine Network Choice Awards Recognizing Product Excellence and Innovation

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Skillsoft (NYSE: SKIL) has been recognized with two Training Magazine Network Choice Awards in the categories of Leadership Development and Learning Portal. Skillsoft has been guiding organizations through skills transformations for 25 years, and approximately 70% of the Fortune 1000 and more than 80 million learners trust Skillsoft to help drive enterprise-wide skills transformation.
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Skillsoft Completes Reverse Stock Split

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Skillsoft completes reverse stock split, increasing per-share price of common stock at a ratio of 1-for-20. Intended to attract institutional investors and enhance trading liquidity. No significant positive or negative impact on stock price expected.
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Skillsoft Announces Reverse Stock Split

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Skillsoft (NYSE: SKIL) approved a 1-for-20 reverse stock split to increase per-share price and attract institutional investors. The split will be effective on September 29, 2023, and trading will begin on October 2, 2023. No fractional shares will be issued. The exercise price per share of common stock attributable to warrants will be $230.00 after the split.
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FAQ

What is the current stock price of Skillsoft (SKIL)?

The current stock price of Skillsoft (SKIL) is $19.3 as of December 20, 2024.

What is the market cap of Skillsoft (SKIL)?

The market cap of Skillsoft (SKIL) is approximately 152.8M.

What does Skillsoft Corp. do?

Skillsoft Corp. specializes in corporate digital learning, offering learning management system software and content across various professional fields.

What are the main segments of Skillsoft's business?

Skillsoft operates through two main segments: Content & Platform and Instructor-Led Training.

What areas does the Content & Platform segment cover?

The Content & Platform segment covers Leadership and Business, Technology and Developer, and Compliance.

What is the focus of Skillsoft's Instructor-Led Training segment?

The Instructor-Led Training segment focuses on providing training solutions to enhance information technology and business skills.

How does Skillsoft generate most of its revenue?

Most of Skillsoft's revenue comes from the Content & Platform segment.

What recent achievements has Skillsoft made?

Skillsoft has formed strategic partnerships and launched new learning platforms to enhance its digital learning offerings.

What is the financial condition of Skillsoft Corp.?

Skillsoft maintains a stable financial condition, primarily generating revenue from its Content & Platform segment.

Why is Skillsoft a key player in the corporate learning industry?

Skillsoft's innovation, extensive course library, and focus on quality education position it as a leader in corporate learning.

What kind of learning experience does Skillsoft provide?

Skillsoft offers a dynamic and immersive learning experience by combining instructor expertise with advanced technology.

Who benefits from Skillsoft's services?

Corporations and their employees benefit from Skillsoft's learning solutions aimed at professional development and skill enhancement.

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Skillsoft Corp.

NYSE:SKIL

SKIL Rankings

#4092 Ranked by Market Cap
N/A Ranked by Dividends

SKIL Stock Data

152.83M
7.49M
9.2%
71.03%
1.82%
Education & Training Services
Services-prepackaged Software
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United States of America
NEW YORK