Key Developments For Skillsoft Plc
Skillsoft Plc (SKIL.O) (Nasdaq)
SkillSoft plc Raises FY 2010 Outlook; Issues Q4 2010 Outlook; Revenue Outlook Above Analysts' Estimates
SkillSoft plc announced that it now anticipates fiscal 2010 revenues to be in the range of $312.0 to $314.0 million as compared to the prior range of $307.0 to $310.0 million, adjusted net income to be in the range of $67.0 and $70.0 million, or $0.68 to $0.71 per diluted share, as compared to prior range of $58.0 to $61.0 million, or $0.59 to $0.62 per basic and diluted share and adjusted EBITDA to be in the range of $115.0 to $119.0 million as compared to the range of $105.0 to $110.0 million. For the fourth quarter of 2010, the Company currently anticipates revenue to be in the range of $76.2 to $78.2 million, adjusted net income to be between $11.5 and $14.5 million, or $0.12 to $0.15 per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.63, net profit of $62.4 million and EBITDA of $111.0 million on revenue of $308.3 million for fiscal 2010; EPS of $0.13 and net profit of $12.9 million on revenue of $76.1 million for the fourth quarter of 2010.
University of Phoenix Partners With SkillSoft plc
SkillSoft plc announced the expansion of its articulation agreement with University of Phoenix. The University recently evaluated and approved over 1,400 additional SkillSoft courses to be eligible for college credits, bringing the total number of eligible courses with the University to more than 3,400. Employees at organizations that use these SkillSoft courses can now not only satisfy their professional training requirements, but also work toward a goal of completing an associate's or bachelor's degree in the process through the University of Phoenix.
SkillSoft plc Issues Q3 2010 Outlook In-Line with Analysts' Estimates; Raises Low-End of Prior FY 2010 Revenue Outlook to a Range Above Analysts' Estimates; Raises FY 2010 Earnings Outlook
SkillSoft plc announced that for the third quarter of 2010, it expects revenue to be in the range of $76.0 to $77.5 million. The Company also currently anticipates adjusted net income to be between $12.0 million and $14.0 million, or $0.12 to $0.14 per basic and diluted share. For fiscal 2010, it has raised low-end of revenue outlook to a range of $307 million to $310 million as compared prior revenue outlook range of $300 million to $310 million. The Company has raised net income outlook to a range of $58.0 million and $61.0 million, or $0.59 to $0.62 per basic and diluted share as compared to the prior net income guidance of $55.0 million to $58.0 million, or $0.55 to $0.58 per basic and diluted share. As a result of reported adjusted EBITDA for the first half of fiscal 2010 ending July 31, 2009, the Company now anticipates the adjusted EBITDA range for fiscal 2010 to be $105.0 million to $110.0 million as compared to the adjusted EBITDA outlook of $100 million to $105 million. The earnings outlook for fiscal 2010 and the third quarter of fiscal 2010 does not take into account the potential positive or negative impact from changes in foreign exchange rates after July 31, 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $76.4 million, net income of $13.0 million and earnings per share (EPS) of $0.13 for third quarter 2010; revenue of $305.6 million, net profit of $57.8 million and EPS of $0.58 for fiscal 2010.
SkillSoft plc Lowers Top End Of Prior FY 2010 Revenue Outlook To A Range In Line With Analysts' Estimates; Reaffirms FY 2010 Earnings Outlook; Issues Q2 2010 Outlook In Line With Analysts' Estimates
SkillSoft plc announced that for fiscal 2010, it now anticipates revenues to be in the range of $300 to $310 million as compared to prior range of $300 to $312 million. The Company continues to anticipate its adjusted net income for fiscal 2010 to be between $55.0 and $58.0 million, or $0.55 to $0.58 per basic and diluted share (EPS). Adjusted net income represents GAAP net income, excluding foreign exchange gains or losses. The adjusted EBITDA projected range for fiscal 2010 remains unchanged at $100.0 to $105.0 million. For the second quarter of 2010, the Company currently anticipates revenue to be in the range of $75.0 to $77.0 million, adjusted net income to be between $13.0 and $14.0 million, or $0.13 to $0.14 per basic and diluted share. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.55, net profit of $55.2 million and EBITDA of $104 million on revenue of $306 million for fiscal 2010; EPS of $0.14 and net profit of $13.9 million on revenue of $76 million for the second quarter of 2010.
SkillSoft plc Unveils SkillPort 7.0 Learning Management System
SkillSoft plc announced SkillPort 7.0, the learning management system (LMS) for SkillSoft's e-learning solution. SkillPort 7.0 features a complete redesign of the user interface which dramatically enhances usability for both end users and administrators, while new configuration options enable organizations to tailor the look and behavior of their system. SkillPort 7.0 also features improved ease of use functionality for the SkillSoft Catalog. The SkillPort 7.0 catalog now displays a convenient visual folder tree that organizes courses and content logically, allowing users to quickly drill down into various subject areas
