Skillsoft Corp Reported Strong Q3 Results

Skillsoft Corp. (NYSE:SKIL) reported Q3 results, with adjusted total revenue of $178.9 million ( up 6% year-over-year), beating the consensus estimate of $165.9 million.

Both Q3 results and guidance were good, though there were a lot of moving pieces in the reported results as the Skillsoft business model is overly complex. Positively, the company grew bookings and revenue in all segments, raised its growth guidance (though the raise was at a lower magnitude than the upside in Q3), and generated a 101% dollar revenue retention rate for Percipio and dual deployment.