Ron Hovsepian

“Over the past several quarters, we have simplified Skillsoft, sharpened our focus, and concentrated our investments on the areas where we have the greatest opportunity to differentiate and deliver measurable customer outcomes.”

“In 18 months, we have worked through two important and related efforts at Skillsoft. We undertook a strategic transformation to reposition the company for where the market is going.”

“Economic uncertainty extended Q1 headwinds into Q2 and weighed on revenue primarily through lower customer discretionary training spending. The impact was most pronounced on our live learning offers, which include nearly all of our global knowledge products while affecting only one product, coaching, and TDS.”

“I am pleased with our fiscal third quarter results, which demonstrate the real progress we are making on the transformation plan we laid out earlier this year. As a reminder, our transformation strategy focuses on two key principles: fix the basics and invest to grow.”

“I appreciate you joining us today to discuss our fiscal second quarter. Our performance on the top-line and on adjusted EBITDA were in line with our expectations for the quarter.”